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Vilnius City Municipality and Vilniaus šilumos tinklai (VŠT) district heating utility have won a dispute with the French energy company Veolia in Stockholm arbitration. The court awarded EUR 83 million to Vilnius City in damages, Valdas Benkunskas has said.
BNS offers a look at what are likely to be key economic and business events in Lithuania in the year ahead.
Veolia, a French concern that withdrew from the Vilnius heating sector last spring, along with its company Vilniaus Energija (Vilnius Energy) have filed a suit against the municipality and the municipal company Vilniaus Šilumos Tinklai (Vilnius Heating Network, VST) with the Stockholm arbitration.
The Vilnius City Council decided on Tuesday to turn to the Stockholm arbitration for compensation of damages caused by the French concern Veolia and its company Vilniaus Energija during lengthy lease of the city's heating sector after they disagreed with the claim of about 200 million euros filed by...
The city of Vilnius has submitted a 200-million-euro claim to Veolia and Vilniaus Energija (Vilnius Energy), the French group's local subsidiary whose 15-year lease on the Lithuanian capital's heating system ended this week, seeking compensation for damage caused to the assets during the lease perio...
Vilniaus Energija (Vilnius Energy), Lithuania's biggest district heating supplier controlled by France's Veolia, has asked the Stockholm arbitration to appoint an independent asset valuer in protest of the valuers selected by the municipal company Vilniaus Šilumos Tinklai (Vilnius Heating Grid, VST ...
Lithuania's failure to win a dispute against Gazprom over too high natural gas prices should not influence the European Commission's decision in its antitrust probe into the Russian gas giant's operations, Lithuanian Energy Minister Rokas Masiulis.
Lithuania plans to apply on Thursday to a Swedish court for an annulment of a Stockholm arbitration court's ruling in a dispute between the government and Russia's gas giant Gazprom in which the country sought, but was not awarded, 1.4 billion euros in compensation for overpriced Russian natural gas...
