Panevezio Statybos Trestas
Notification on material event
PST Has Filed Application with Court for Reopening Proceedings on Competition Infringement
Panevezio statybos trestas AB (PST) has filed an application with the Supreme Administrative Court of Lithuania for reopening the judicial proceedings on infringement of the Law on Competition.
Exercising the right provided for in the Law on Administrative Proceedings of the Republic of Lithuania, on the basis of several grounds specified in the mentioned Law, the Company requests to apply an exclusive procedure for reopening proceedings in order to correct the substantive errors in application of the competition law and administration of justice.
The company takes notice that irrespective of the mentioned step the payments of the imposed fine are made according to the agreed time schedule.
By the decision of the Competition Council as a result of the agreement restricting competition PST was imposed the fine in the amount of more than 8.5 mln. Euros.
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