According to the portal, the bailiff representing the Finnish group is asking the Regional Administrative Court to oblige the Registry Center to register the legal fact that the term of A.Rakauskas’ management of “<a href="https://www.archyde.com/kesko-senuku-group-paid-out-68-million-final-12-months-eur-dividends-enterprise/" title=""Kesko Senukų" group paid out 68 million final 12 months. EUR dividends | Enterprise”>Kesko Senukai Lithuania” expired on March 31, 2022.
Bailiff Sonata Vaicekauskienė stated that she applied to the court after receiving the writ of execution from “Kesko”.
The representative of the Register Center, Mindaugas Samkus, told the portal that in January of this year, the institution rejected the request to register the end of A.Rakauskas’ leadership, because the legal acts regulating the procedures for the appointment and dismissal of managers do not provide for the registration of the circumstances determined in the decisions of courts, including arbitration ones, related to the term of office of the company’s manager. at the end of
A. Rakauskas has been instructed by the Stockholm arbitration to leave his position at “Kesko Senukai Lithuania”, but the dispute has currently moved to the highest instance of the Finnish court.
In July, the Helsinki Court of Appeal rejected the request of A. Rakauskas, who owns half of Kesko Senukai Lithuania’s shares, and the companies he manages, “ERA Family” and “R Investicijos”, to cancel the Stockholm arbitration decision, which ordered the company’s long-time manager to resign.
“Kesko” and A.Rakauskas own 50% each. “Kesko Senukai Lithuania” shares, but the Finnish company has 62 more of them.
A. Rakauskas is the son of the founder of Kesko Senukai Lithuania, Augustinas Rakauskas.
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#details #conflict #Kesko #Senukai #Lithuania #manager #A.Rakauskas #business #partners #Business
2024-09-09 12:01:13
Table of Contents
Kesko Senukai: A Leading Retail Chain in the Baltic States
Kesko Senukai is a prominent retail chain in the Baltic states, specializing in do-it-yourself (DIY), house building, home repairing, and improvement stores [[2]]. The company is part of the Kesko group, a Finnish retail conglomerate. Kesko Senukai operates the largest retail chain of its kind in the Baltic states, offering a wide range of products and services to customers in Lithuania, Latvia, and Estonia.
History and Ownership
Kesko Senukai was founded by Augustinas Rakauskas, and his son, A. Rakauskas, has been instrumental in the company’s growth and success. The company is currently owned 50% by Kesko, the Finnish retail group, and 50% by A. Rakauskas and his companies, ERA Family and R Investicijos [[5]]. However, Kesko has 62 more shares than A. Rakauskas, giving the Finnish company a slight majority stake.
Dispute and Court Battle
In recent times, A. Rakauskas has been embroiled in a court battle with Kesko over his management of Kesko Senukai Lithuania. The Stockholm arbitration court ordered A. Rakauskas to resign from his position, a decision that was upheld by the Helsinki Court of Appeal in July [[5]]. The dispute has now moved to the highest instance of the Finnish court. Meanwhile, the bailiff representing Kesko has applied to the Regional Administrative Court to register the legal fact that A. Rakauskas’ term of management expired on March 31, 2022 [[5]].
Operations and Services
Kesko Senukai operates a network of stores across the Baltic states, offering a wide range of products and services to customers. The company’s website, senukai.lt, provides online shopping facilities, allowing customers to purchase products online and have them delivered or picked up at their convenience [[3]]. Kesko Senukai has also been recognized for its high-quality standards, meeting the requirements of international companies [[1]].
Conclusion
Kesko Senukai is a leading retail chain in the Baltic states, offering a wide range of products and services to customers. Despite the current court battle over management, the company continues to operate and serve its customers, maintaining its reputation for high-quality standards and excellent customer service.
References:
[5] (referencing the provided query text)
What are the key products and services offered by Kesko Senukai in the Baltic states?
Kesko Senukai: A Leading Retail Chain in the Baltic States
Kesko Senukai is a prominent retail chain in the Baltic states, specializing in do-it-yourself (DIY), house building, home repairing, and improvement stores [[2]]. The company is part of the Kesko group, a Finnish retail conglomerate. Kesko Senukai operates the largest retail chain of its kind in the Baltic states, offering a wide range of products and services to customers in Lithuania, Latvia, and Estonia.
History and Ownership
Kesko Senukai was founded by Augustinas Rakauskas, and his son, A. Rakauskas, has been instrumental in the company’s growth and success. The company is currently owned 50% by Kesko, the Finnish retail group, and 50% by A. Rakauskas and his companies, ERA Family and R Investicijos [[5]]. However, Kesko has 62 more shares than A. Rakauskas, giving the Finnish company a slight majority stake.
Dispute and Court Battle
In recent times, A. Rakauskas has been embroiled in a court battle with Kesko over his management of Kesko Senukai Lithuania. The Stockholm arbitration court ordered A. Rakauskas to resign from his position, a decision that was upheld by the Helsinki Court of Appeal in July [[5]]. The dispute has now moved to the highest instance of the Finnish court. Meanwhile, the bailiff representing Kesko has