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Vilnius Municipality and the municipal heat supply company Vilniaus Silumos Tinklai (VST) are seeking 560 million euros from France's Veolia, a former operator of the Lithuanian capital's heating sector, in their Stockholm arbitration dispute, up from the previously announced amount of over 400 mill...
The government has approved another 3.9 million euros to pay lawyers representing Lithuania in its ongoing legal disputes with France's Veolia and Russia's Gazprom.
The new chief executive officer of Vilniaus Silumos Tinklai (VST) expects a successful outcome to the municipal heat supply company's Stockholm arbitration dispute with France's Veolia, a former operator of the Lithuanian capital's heating sector.
A Vilnius court Thursday closed a criminal case in which three former top executives of Vilniaus Energija (Vilnius Energy), a Lithuanian subsidiary of France's Veolia, were charged with fraud and illegal manipulation with gas purchase prices, as a statutory limitation period has expired.
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.
A prosecutor proposes that Lithuania should use phone call records, made back in 2002 and allegedly disclosing political corruption, in its dispute against France's Veolia at the International Center for Settlement of Investment Disputes (ICSID) in Washington.
Lithuanian Prime Minister Saulius Skvernelis calls for a probe into allegations by a former chairwoman of the Lithuanian National Commission for Energy Control and Prices that the president's office put pressure on the energy market regulator over heating rates of Veolia's local subsidiary Vilniaus ...
The Lithuanian president's office does not comment and calls on others to refrain from comments on the ongoing dispute between France's Veolia and Lithuania in the International Center for Settlement of Investment Disputes (ICSID) in Washington.
Resolution of Lithuania's dispute with Veolia would send a positive message to French investors, France's ambassador to Vilnius, Philippe Jeantaud, said on Monday.
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...
Lithuanian-French relationship is officially called a strategic partnership, close cultural cooperation is in place but economic relations and defence relations are rather scarce.
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), a local subsidiary of France's Veolia, has handed over the Lithuanian capital's heating grid to Vilniaus Šilumos Tinklai (Vilnius Heating Grid, or VST), a municipal company, after its 15-year lease on the assets expired on Wednesday.
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 ...
A Vilnius court has ordered a freeze on almost 20 million euros worth of funds of Vilniaus Energija (Vilnius Energy), a local district heating supplier controlled by France's Veolia, a move that the company describes as "an assault" against it and plans to contest.
