Court Judgement

The Judicial Panel of the Supreme Administrative Court of Lithuania following the written proceedings on appeal at the court session conducted the hearing of the administrative case based on the appeals by the applicants Panevezio statybos trestas AB and Active Construction Management UAB (the former name Irdaiva UAB), in respect of which the bankruptcy proceedings have been initiated, on the judgement of the Vilnius Region Administrative Court dated 14 May 2018 in the administrative case based on the complaints of Panevezio statybos trestas AB and Irdaiva UAB against the respondent, the Competition Council of the Republic of Lithuania, on vacation or amendment of the judgement (the parties third interested are Panevezio statybos trestas AB and Irdaiva UAB).

Following Article 143 (4) of the Law on Administrative Proceedings of the Republic of Lithuania, the Judicial Panel has made the decision to reserve the procedural judgement and its announcing. The procedural judgement is to be announced at 13:00 on 20 May 2020.

More information:

Dalius Gesevicius

Managing Director

Tel.: (+370 45) 505 503

EN
22/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Panevezio Statybos Trestas AB

 PRESS RELEASE

Bankruptcy Proceedings Initiated for Aliuminio fasadai UAB

Bankruptcy Proceedings Initiated for Aliuminio fasadai UAB By a ruling that entered into force on 3 December 2025, the Panevėžys Regional Court decided to initiate bankruptcy proceedings for the private limited liability company Aliuminio fasadai, which is part of the PST Group AB group of companies. The court appointed Mindaugas Krupavičius as the insolvency administrator and instructed him to convene the first meeting of creditors within the time limit and according to the procedure established by law. Aliuminio fasadai UAB encountered difficulties rooted in the pandemic period – disrupt...

 PRESS RELEASE

Aliuminio fasadai UAB iškelta bankroto byla

Aliuminio fasadai UAB iškelta bankroto byla 2025 m. gruodžio 3 d. įsiteisėjusia nutartimi Panevėžio apygardos teismas nusprendė iškelti bankroto bylą uždarajai akcinei bendrovei Aliuminio fasadai, priklausančiai PST Group AB įmonių grupei. Teismas paskyrė nemokumo administratoriumi Mindaugą Krupavičių ir įpareigojo jį sušaukti pirmąjį kreditorių susirinkimą įstatyme nustatytu terminu bei tvarka.  Aliuminio fasadai UAB susidūrė su sunkumais, kurių šaknys siekia pandemijos laikotarpį – dėl sutrikusių tiekimo grandinių ir pasikeitusių projektų apimčių įmonė patyrė nuostolių, kurių nepavyko at...

 PRESS RELEASE

Bankruptcy Proceedings Initiated for RUAB “Alinita”

Bankruptcy Proceedings Initiated for RUAB “Alinita” By a final and binding ruling, the Panevėžys Regional Court decided to terminate the restructuring proceedings initiated on 11 October 2024 and to open bankruptcy proceedings for RUAB “Alinita”, a company belonging to the PST Group AB corporate group. The court appointed UAB “AVERE” as the insolvency administrator and instructed it to organize the first meeting of creditors according to the procedure established by law. The director of RUAB “Alinita”, Juozas Vyšniauskas, stated that despite maximum efforts to implement the restructuring p...

 PRESS RELEASE

RUAB „Alinita“ iškelta bankroto byla

RUAB „Alinita“ iškelta bankroto byla Įsiteisėjusia nutartimi Panevėžio apygardos teismas nusprendė nutraukti 2024 m. spalio 11 d. pradėtą restruktūrizavimo bylą ir iškelti bankroto bylą RUAB „Alinita“, priklausančiai PST Group AB įmonių grupei. Teismas paskyrė nemokumo administratoriumi UAB „AVERE“ ir įpareigojo ją sušaukti pirmąjį kreditorių susirinkimą įstatyme nustatytu terminu bei tvarka. RUAB „Alinita“ direktorius Juozas Vyšniauskas konstatavo, kad, nepaisant įdėtų maksimalių pastangų vykdyti restruktūrizavimo planą bei atkurti mokumą, įmonei vis tik nepavyko įveikti finansinių iššū...

 PRESS RELEASE

PST Group to Build Rheinmetall Factory in Baisogala

PST Group to Build Rheinmetall Factory in Baisogala PST Group has signed a €141 million contract (including VAT) for the construction of the Rheinmetall Defence Lithuania factory complex in Baisogala, Radviliškis district. This is the largest defence industry investment in Lithuania's history. About the ProjectThe factory complex will be built on a 340-hectare site in Kemėrai village, Baisogala eldership. The modern complex will house projectile manufacturing and assembly line that will produce tens of thousands of 155 mm caliber artillery ammunition per year. Strategic ImportanceThe proj...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch