Current reports

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)

INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) hereby informs that on 30 June 2022 the National Energy Regulatory Council in Lithuania (hereinafter – NERC) adopted the decisions to annul validity of the following permissions issued to the Company (i) the 31 January 2013 permission No. LI-0030 to import electricity, (ii) the 31 January 2013 permission No. LE-0020 to export electricity and (iii) the 17 January 2003 permission No. L1-NET-14 to conduct the activity of the independent  supplier of electricity.

The Company assumes that reasons of these decisions are the same as outlined in the Company’s current report No 18/2022 dated 27 May  2022. (PDF)

This is to inform you that the meeting of creditors of 30 June 2022 resolved to conduct an extrajudicial bankruptcy procedure of AB “INTER RAO Lietuva”, company code 126119913, legal address Antano Tumėno st. 4, Vilnius, and to appoint UAB “Įmonių bankroto administravimo ir teisinių paslaugų biuras“ as the administrator of this company (List of Persons Providing Insolvency Administration Services No N-JA0027, entered into the List on 21 October 2001, address – Jonavos st. 16A, LT44269 Kaunas, phone number +370-37-30 89 45, e-mail: biuras@adminbiuras.lt). The person authorized by the insolvency administrator is Aurimas Valaitis.

AB “INTER RAO Lietuva” acquired the legal status of a bankrupt company on 30 June 2022.

This is to inform you that according to Article 28 and Article 61 of the Law on Insolvency of Legal Entities, from 30 June 2022:

1. It is prohibited to fulfil the financial obligations of the legal entity that have not been fulfilled by 30 June 2022, including the payment of taxes, interest and penalties; collect debts from the legal entity; set off claims; calculate penalties and interest for the obligations of the legal entity that arose before 30 June 2022; establish compulsory mortgages, servitudes, usufruct; pledge property, provide a guarantee, suretyship or other security of the fulfilment of the obligations of other persons.
2. It is considered that the deadlines for the fulfilment of all obligations of the legal entity have expired.

Pursuant to Paragraph 1 of Article 41 of the Law on Insolvency of Legal Entities, all creditors of the company have the right to lodge their claims to the bankrupt AB “INTER RAO Lietuva” until 1 August 2022.

Based on the above, we suggest that you lodge your claims to the bankrupt AB “INTER RAO Lietuva” no later than 1 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.

Pursuant to Article Paragraph 6 of Article 41 of the Law on Insolvency of Legal Entities, where a creditor fails to lodge his claim within a fixed time limit, his right of claim shall lapse.

Please send your e-mail address to the insolvency administrator of the bankrupt AB “INTER RAO Lietuva” at biuras@adminbiuras.lt. Please note that all information about the insolvency process of AB “INTER RAO Lietuva” will be provided to creditors only by e-mail.

Please note that you can check the credentials of the insolvency administrator of the bankrupt AB “INTER RAO Lietuva” on the website of the Authority of Audit, Accounting, Asset Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania at www.avnt.lt. (PDF)

AB INTER RAO Lietuva (hereinafter referred to as the Company) announces that Victor Kolotievskiy resigned from his position of a member of the Company‘s Supervisory Council from 16 June 2022. He also held the position of Chairman of Company‘s Supervisory Council. (PDF)

While INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) disagrees with the decision of the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania that the Company is associated with persons who are subject to the international sanctions, and therefore assets and shares of the Company are frozen (details referred in the Company’s announcement dated 27 May 2022), such decision in fact limits the Company’s ability to timely perform monetary obligations to its creditors.

Therefore, the chief executive officer of the Company had to fulfil his statutory duty and on 7 June 2022 informed the creditors of the Company about initiation of the insolvency process under the Law of Insolvency of Legal Persons of the Republic of Lithuania. When further decisions in this process will be adopted, they will be announced in accordance with the applicable legal acts. (PDF)

INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) hereby informs that on 27 May 2022 the Company received the response from The Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania (hereinafter – FCIS) regarding the information announced by the FCIS (hereinafter the FCIS Information) that the Company is associated with persons who are subject to the international sanctions, and therefore assets and shares of the Company are allegedly freeze. On the response by the FCIS is stated, that the shareholders of the indirect shareholder of the Company, INTER RAO UES, are the companies, indirectly owned by the Russian Federation, which is the presidential federal republic and to the president of the Russian Federation Vladimir Putin are applied the international sanctions, adopted on 25 February 2022 by Council Decision (CESP) 2022/331 amending Council Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

With reference to FCIS Information, on 27 May 2022 the National Energy Regulatory Council in Lithuania (hereinafter – NERC) adopted the decisions until 26 June 2022 to suspend the following permissions issued to the Company (i) the 31 January 2013 permission No. LI-0030 to import electricity and (ii) the 7 March 2003 permission No. L1-NET-14 to conduct the activity of the independent  supplier of electricity.

On 26 May 2022 the NASDAQ CSD Branch in Lithuania, most probably because of FCIS Information, rejected the Company’s instruction to pay the dividends, announced at the Annual General Meeting of the shareholders on 29 April 2022.

The Company strongly disagrees with the interpretation made by the FCIS that the Company is  allegedly controlled by the president of the Russian Federation, and will seek to  annul FCIS Information and the decisions made on the basis of such information. (PDF)

AB INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) hereby informs, that on 20 May 2022 the Company received the notice from Nord Pool AS on immediate suspension from further trading on Nord Pools markets. Nord Pool argues its decision by the risk of settlement with RAO group companies. (PDF)

AB INTER RAO Lietuva hereby announces the unaudited results for the 1st quarter of the year 2022 of AB INTER RAO Lietuva. (PDF)

Enclosures:

• AB INTER RAO Lietuva unaudited results for the 1st quarter of 2022. (PDF)

AB INTER RAO Lietuva hereby informs that unaudited results for the 1st quarter of the year 2022 will be published on 13 May 2022. (PDF)