Current reports

On 3 September 2026, the Court of Justice of the European Union (hereinafter – the CJEU) delivered a preliminary ruling in Case C-147/25, concerning a dispute between AB “INTER RAO Lietuva” (hereinafter – the Company) and the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania (hereinafter – the FCIS). The Supreme Administrative Court of Lithuania (hereinafter – the SACL) had requested the CJEU to provide an interpretation on the application of EU legal acts regarding sanctions. In February 2025, the SACL had stayed administrative case No. eA-24-821/2026, which concerns the Company’s dispute with the FCIS regarding the Company’s inclusion on a list of entities linked to persons subject to EU restrictive measures, as well as the freezing of the Company’s funds.
The CJEU ruled that when a national authority freezes the funds of a company not explicitly named in EU sanctions lists, it must demonstrate that those funds belong to, or are managed or controlled by, a person subject to EU restrictive measures; the mere existence of links to such a person is insufficient. Control of a company by such a person—including informal control—must be substantiated by objective and sufficiently robust evidence; the mere nature of the Russian political regime does not constitute sufficient proof that the President of Russia controls the company. SACL will deliver the final ruling in the case, guided by this interpretation from the CJEU. Pending the SACL’s decision, the decisions taken by the FCIS regarding the Company remain in effect. The Company will provide an update once the SACL has issued its ruling.

The Company, in order to implement the decision of the Extraordinary General Meeting of Shareholders of the Company as of 18 May 2026 (hereinafter referred to as the Meeting) on the reorganization of the Company by way of separation, submitted an application to the Financial Crimes Supervision Authority (hereinafter referred to as the FNTT), requesting permission to implement the decision of the Meeting. On 25 June 2026, the FNTT adopted a decision in which it decided that there is no basis to grant permission to the Company to implement the decision of the Meeting on the reorganization of the Company by way of separation. On 20 July 2026, the Company appealed the decision of the FNTT to the Regional Administrative Court.

AB INTER RAO Lietuva hereby provides decisions adopted at the Extraordinary Meeting of Shareholders held on 18 May 2026. (PDF)

Annexes:

IRL notice on the decisions of the EGM (PDF)

Distribution of the votes at the EGM (PDF)

On the basis of a written request as of 20 April 2026 of UAB Scaent Baltic a shareholder holding 5,822,856 shares and 29.11% of all votes of AB INTER RAO Lietuva, and by the decision of the General Director of AB INTER RAO Lietuva, an extraordinary general meeting of shareholders of AB INTER RAO Lietuva legal entity code 126119913, registered office address A. Tumėno str. 4, Vilnius, Republic of Lithuania, is convened. (PDF)

Annexes:

Notice on convocation of the Extraodinary General Meeting of Shareholders (PDF)

Explanations regarding filing-in and validity of the General Voting Ballot (PDF)

General Voting Ballot (PDF)

After the court approved the concluded settlement agreement, civil case No. e2-3095-880/2025 was terminated. Public institution “VILNIAUS ARKIVYSKUPIJOS EKONOMO TARNYBA” filed a lawsuit against AB “INTER RAO Lietuva”, demanding EUR 172,247.11 in compensation for the price difference, which, according to the VILNIAUS ARKIVYSKUPIJOS EKONOMO TARNYBA, was due to it because AB “INTER RAO Lietuva” stopped supplying electricity in May 2022. AB “INTER RAO Lietuva” filed an objection to the lawsuit and the Parties agreed to resolve the dispute by settlement agreement. Vilnius Regional Court on November 19, 2025 approved the settlement agreement between the Public institution “VILNIAUS ARKIVYSKUPIJOS EKONOMO TARNYBA”  and AB “INTER RAO Lietuva”, according to which both Parties confirm that The Parties have no and will not have any claims against each other under the Electricity Purchase and Sale Agreement according concluded between them of November 8, 2013 (including all annexes, amendments and supplements) (hereinafter referred to as the Agreement) and that they waive all and any claims arising from or related to this Agreement.

Final decision in civil case No. e2A-199-854/2025. In this case, Orion Global Pet, UAB filed a lawsuit against AB „INTER RAO Lietuva“, demanding compensation for losses in the amount of EUR 207,356.27, which, according to Orion Global Pet, UAB, were incurred when AB „INTER RAO Lietuva“ stopped supplying electricity in May 2022. The court of first instance dismissed Orion Global Pet, UAB’s claim in its decision of 17 December 2024. Orion Global Pet, UAB appealed the decision of the court of first instance, but the Lithuanian Court of Appeals dismissed the appeal in its ruling of 27 May 2025 and left the decision unchanged.

The decision of the Legislator in civil case No. e2A-75-467/2025. Company ROQUETTE AMILINA  filed a claim against AB „INTER RAO Lietuva“, demanding compensation for losses of EUR 6,113,348.33, which, according to ROQUETTE AMILINA , arose when Inter Rao Lietuva, AB stopped supplying electricity in May 2022. In this case, Inter Rao Lietuva, AB filed a counterclaim, demanding that ROQUETTE AMILINA be awarded a debt of EUR 1,170,021.60, EUR 43,056.79 in default interest, as well as 12.5 percent. procedural interest. By the decision of the Court of First Instance of 2024-09-30, the claim of ROQUETTE AMILINA was dismissed, and the counterclaim of Inter Rao Lietuva, AB was partially satisfied. After ROQUETTE AMILINA  and Inter Rao Lietuva, AB appealed the decision of the court of first instance, the Lithuanian Court of Appeal, by its ruling of 27 March 2025, rejected the appeal of ROQUETTE AMILINA and satisfied the appeal of Inter Rao Lietuva, AB. Thus, the claim of ROQUETTE AMILINA, AB was rejected, and Inter Rao Lietuva, AB was satisfied. ROQUETTE AMILINA  filed a cassation appeal with the Supreme Court of Lithuania, the court refused to accept the appeal and thus finally resolved the case in favor of AB „INTER RAO Lietuva“. ROQUETTE AMILINA paid all amounts of money awarded in favor of AB „INTER RAO Lietuva“.

The final decision in civil case No. e2A-39-881/2025 has entered into force. AB „ORLEN Lietuva“ had filed a claim against AB „INTER RAO Lietuva“, demanding compensation for losses of EUR 8,388,760.65, which, according to AB „ORLEN Lietuva“, were incurred by AB „INTER RAO Lietuva“, due to the cessation of electricity supply in May 2022. By the decision of the Court of First Instance of 2024-07-10, AB „ORLEN Lietuva“ claim was dismissed. After AB „ORLEN Lietuva“ appealed the decision of the Court of First Instance, the Court of Appeal of Lithuania dismissed the appeal by its ruling of 2025-03-12 and left the decision unchanged. AB „ORLEN Lietuva“ filed a cassation appeal with the Supreme Court of Lithuania. By its ruling of 2025-07-01, the Court of Cassation refused to accept the appeal and thus finally resolved the case in favor of AB „INTER RAO Lietuva“.

Please be informed that Alpiq AG informed Vilnius Regional Court that Alpiq AG waives its claim filed in civil case No. eB2-2568-864/2022.

Based on this on 22 July 2022 Vilnius Regional Court made the ruling to accept the waiver of claim, to discontinue the case regarding the decisions of the meeting of creditors of bankrupt AB INTER RAO Lietuva, taken on the 30th of June, 2022 and to cancel the stay of the extra-judicial bankruptcy proceedings of bankrupt AB INTER RAO Lietuva.

Therefore, the term to lodge the claims is reopened.

The extra-judicial bankruptcy proceedings were stayed from 12 July 2022 to 22 July 2022 (10 calendar days). The term to lodge the claims is prolonged for this period of 10 calendar days.

Based on the above, we suggest that creditors, who have not filed their claims yet, lodge their claims to the bankrupt AB “INTER RAO Lietuva” no later than 11 August 2022 and transfer them to UAB “Įmonių bankroto administravimo ir teisinių paslaugų biuras“, the insolvency administrator of the bankrupt AB “INTER RAO Lietuva”, either at its address Jonavos st. 16A, LT-44269 Kaunas or by e-mail: biuras@adminbiuras.lt, with the supporting documentation, indicating how the fulfilment of these requirements has been secured. (PDF)

Please be informed that Vilnius Regional Court has accepted the complaint of Alpig AG, by which Alpig AG requests to annul the decisions of the meeting of creditors of AB INTER RAO Lietuva, taken on the 30th of June, 2022.

Creditors of AB INTER RAO Lietuva have the right to submit to the Vilnius Regional Court a response to Alpig AG’s complaint (civil case No. eB2-2568-864/2022) until the 1st of August, 2022.

If you would like to receive a copy of Alpig AG’s complaint, please notify us by e-mail biuras@adminbiuras.lt.

The Vilnius Regional Court decided to stay the extra-judicial bankruptcy proceedings of AB INTER RAO Lietuva until the entry into effect of the judgement in this case. Considering this decision, the time limit for making creditor claims is suspended. We will inform you about the renewal of this time limit by separate notice.

We also inform you that on the 2nd of August, 2022, 9:00 a.m., Vilnius Regional Court (at Gedimino pr. 40, Vilnius) in a written procedure will examine the complaint of the applicant Alpig AG regarding the annulment of the decisions of the meeting of creditors of AB INTER RAO Lietuva (legal entity code 126119913) taken on the 30th of June, 2022. When the case is examined in a written procedure, the persons participating in the case are not invited to the court session and do not participate in it. Composition of the court: Judge Ramunė Mikonienė. Information is provided by phone 8 706 668 369 (Document Reception and Information Office). (PDF)