Settlement Agreement and Dispute Ending
23 Januar 2024 - 2:22PM
Settlement Agreement and Dispute Ending
Panevezio statybos trestas AB (PST) hereby
informs that on 23 January 2024 PST, its former managing director
D. Gesevičius and insurers R&Q Syndicate Management
Limited and Marco International Insurance Company Limited entered
into a settlement arrangement, in accordance with which all court
and arbitration proceedings regarding the civil liability of the
former managing director D. Gesevičius and the related
insurance payouts (all in connection with the fine imposed by the
Competition Council of the Republic of Lithuania on 20 December
2017 (No. 2S-11 (2017)) shall be amicably discontinued. Pursuant to
the executed settlement agreements, the insurers will pay PST EUR
1,200,000, and PST will waive (withdraw) all its claims against the
insurers and the former managing director D. Gesevičius.
More information:Tomas StukasManaging DirectorTel.: (+370 45)
505 503
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