Inter Rao claims Lithuania: claims to have suffered economic damage
This information was published in the draft Government Resolution on the Granting of Authorizations to Represent the State of Lithuania, prepared by the Ministry of Energy and registered in the legal information system on March 30.
It is important to note that the Ministry of Energy was instructed to draft this resolution on 18 February 2022. T. y. before the start of the war in Ukraine, the reduction of electricity imports from Russia to a technical minimum and the notification of the Financial Crimes Investigation Service of the limited availability of Inter Rao Lietuva accounts.
Delfi with a request to clarify this right to Inter Rao Lietuva and the Ministry of Energy. Upon receipt of the answers, the publication will be supplemented.
“It simply came to our notice then. It can be seen from the sent link that it is not about AB Inter Rao Lietuva, but about AB Inter Rao, therefore you need to contact them with any comments, ”the reply provided by the company registered in Lithuania states.
At that time, the cover letter of the draft Government Resolution stated that its purpose was to authorize the Ministry of Energy to perform all actions related to the rights and interests of the Lithuanian State, including Lithuanian and foreign dispute resolution institutions, in resolving all possible disputes under the applicant’s Notification of the public limited company Inter Rao regarding the dispute related to the alleged violation of the agreement between the Government of Lithuania and the Government of Russia on the promotion and mutual protection of investments committed by Lithuania.
“To organize and perform contracts for the purchase and conclusion of legal services and other necessary expert services with Lithuanian or foreign lawyers authorized to represent the State of Lithuania, to coordinate their representation activities and perform other related activities, to conclude contracts with other necessary experts for their services, with this settlement of the said dispute “, – the document states.
In addition, it is noted that the Arbitration Notice contains claims against Lithuania regarding alleged investors’ contracts related to the return on investments made in Lithuania, and possible violations of rights and damages.
“The specific amount of damages to be awarded for the arbitration is not specified, it is only indicated that the investors of the contract mentioned in the arbitration notice cause economic damage and that this amount will be specified later,” the document reads.
The draft states that the power of attorney will be valid until December 31, 2026, and that the costs related to its implementation will be paid to the Ministry of Finance to borrow funds on behalf of the state.
Delfi wrote last week that the future of Inter Rao Lietuva’s operations in Lithuania is in the fog. Although FNTT has reported limited access to corporate accounts, its representatives point out that obligations to customers and partners are still being met. At the time, other electricity suppliers say they would be happy to take over about 10 percent. market share.
Since then, Jonas Garbaravičius and Rytis Davidovičius have left the Supervisory Board of Inter Rao Lietuva.
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