Regarding the approval of a peaceful settlement agreement and the termination of civil proceedings
July 18 2018 - 10:00AM
Regarding the approval of a peaceful settlement agreement and the
termination of civil proceedings
On 18 July 2018, the Supreme Court of Lithuania
approved the peaceful settlement agreement concluded between
Žemaitijos pienas, AB and the Investors’ Association and Vytautas
Plunksnis. Under the peaceful settlement agreement, the plaintiffs
– the Investors’ Association and Vytautas Plunksnis – waived filing
an appeal in cassation and claims expressed in the action brought,
and the Company waived claims expressed in the action brought and
the civil proceedings initiated. After the court has confirmed the
peaceful settlement agreement between the parties, the dispute
between the parties was closed and the civil proceedings were
terminated. The essence of the former dispute was the plaintiff’s
claim to declare invalid part of the decisions of the general
shareholders’ meetings of 28 October 2016 and 29 December 2016,
which established the procedure for the sale of the defendant’s own
shares and the minimum selling price, as well as the request to
reduce the authorized capital of the company.
Gintaras KeliauskasLawyer+ 370 444 22208