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The court recognized that M. Marcinkevičius not only acted illegally by submitting clearly unfounded requests to the court to apply interim protection measures, but also abused his rights as a shareholder, writes Vilniaus Prekyba’s press release.
M. Marcinkevičius is also obliged to pay 5%. interest on the amount granted for the period of 2016. July 2006 and the payment of costs.
This decision is not final and can be appealed to the Lithuanian Court of Appeal.
The dispute relates to May 2016. transactions when Vilniaus Prekyba of the Maltese company Relvit acquired shares in companies that manage and control Akropolis shopping and entertainment centers and other real estate.
The final value of the transaction is more than 400 million. euros. Vilniaus Prekyba wanted to acquire the companies in 2015; the concern claims that M. Marcinkevičius tried to suspend the transaction in the courts of Malta and Lithuania, as a result of which the transaction of the action was delayed for more than a year, during which time the market value of Akropolis increased significantly, thus 81.25 million had to be paid. higher than previously agreed.
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