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2012-11-06 07:55:48 CET 2012-11-06 07:56:48 CET REGULATED INFORMATION Imoniu grupe ALITA, AB - Notification on material eventCommercial Court of Belgrade (Serbia) has set aside the Partial award by the Serbian arbitration courtAlytus, Lithuania, 2012-11-06 07:55 CET (GLOBE NEWSWIRE) -- On 2 November 2012 Company group ALITA AB (the Company) received the judgment by the Commercial Court of Belgrade (Serbia) in Serbian. From the translated resolution part of the judgment it is clear that the Company's request was satisfied and the Partial award including the Company as respondent in an arbitration case, adopted by the Foreign Trade Court of Arbitration at the Serbian Chamber of Commerce on 15 November 2011, was set-aside. This court judgment may be appealed against within 8 days from the receipt to the High Commercial Court (Serbia). The Company previously has already informed that on 15 November 2011 the Serbian arbitration court adopted the Partial award on 15 November 2011 whereby it included the Company as a third respondent in a case, initiated by the Serbian Privatisation Agency against AB “ALT Investicijos” and United Nordic Beverages AB with a claim of EUR 68,347,168. The Company did not agree with the Partial award and held that the Serbian arbitration court does not have the jurisdiction to deal with the disputes against the Company and had for this reason brought a request to the Commercial Court of Belgrade (Serbia) to set-aside the Partial award. For additional information, please contact the General Director Vaidas Mickus, tel. (+ 370 315) 57243. |
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