Imoniu grupe ALITA, AB - Notification on material event

The Serbian Commercial Appellate Court annulled the decision of the Belgrade Commercial Court and returned the case for re-examination

Alytus, Lithuania, 2014-03-04 17:38 CET (GLOBE NEWSWIRE) -- On 3/03/2014
Company Group “ALITA”, AB, code 302444238, registered office at Miškininkų g.
17, Alytus, the Republic of Lithuania (hereinafter - the Company) received the
judgment of the Serbian Commercial Appellate Court in Serbian language. From
the translated resolution part of the decision it is clear that the Serbian
Commercial Appellate Court annulled the decision of lower instance court - the
Belgrade (Serbia) Commercial Court - and returned the case for re-examination
to the Belgrade Commercial Court. By the previous decision the Belgrade
Commercial Court had annulled the partial award concerning the jurisdiction of
the Foreign Trade Court of Arbitration at the Serbian Chamber of Commerce of
15/11/2011, whereby the Company had been included in arbitration proceedings as
a respondent. More detailed information on the previous decision of the
Belgrade Commercial Court was announced by the Company in the Company's
06/11/2012 notification on material event. 


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