"Veolia’s" position on the case with the State of Lithuania

“Veolia” has always conducted its business with the utmost integrity and in full compliance with all applicable laws and regulations. We look forward to presenting our case and clearing our name in court.

The current litigation with the Lithuanian state originates from an investment arbitration dispute initiated by “Veolia” as a foreign investor against the Republic of Lithuania. While this international arbitration continues, the Lithuanian state has chosen to withdraw its claims from the ICSID arbitration and relocate them before a local civil court following a change in EU case law about investment arbitration.

The same claims have previously been dismissed by the Lithuanian prosecutor after extensive investigations and later by an international arbitration tribunal which concluded that we did not act in breach of the law and that there was no basis for damages.

“Veolia” categorically denies all allegations of corruption or illegal payments.

Regarding allegations of corruption, Lithuanian prosecutors already have investigated and determined that these were baseless.

We believe our investments in Lithuania were not treated fairly. We entered the market in good faith, made significant investments to improve infrastructure and services, and operated in accordance with our contractual obligations. The subsequent actions by certain Lithuanian authorities have, in our view, undermined the value and security of our investments.

We have always conducted our business with the utmost integrity and in full compliance with all applicable laws and regulations.

We've always operated transparently, adhering to regulatory oversight and approved pricing structures. Our goal has been to provide efficient, reliable energy services while improving infrastructure. We're prepared to demonstrate with evidence that our operations have been ethical and beneficial to the community.