According to Giedrius Janonis, a representative from the Vilnius city district court, the temporary restriction placed on the assets of UAB “Exawatt” has been extended for an additional six months. The court representative specified that the order, dated July 27, 2026, applies to several categories of the company’s assets, including cash funds, sea containers, and cryptocurrency mining equipment. During the announcement, the representative detailed the court’s rationale for the extension.
He stated that the judicial body determined there were no established grounds to apply alternative procedural means of force against the company. Specifically, the court ruled against measures such as the potential confiscation of assets or the immediate compensation for damages related to the ongoing civil action. This development, reported by the representative, clarifies the current legal standing of the company’s property within the Vilnius jurisdiction.
The decision signifies that while the assets remain subject to a temporary restriction, the court did not find sufficient basis at this time to implement more severe enforcement actions. The court’s ruling establishes a defined period during which these assets remain restricted. The involvement of the Vilnius court and its representative provided details regarding the scope and duration of this legal measure.
The official statement from the court indicates that the current procedural status requires this extended period without further immediate enforcement measures being deemed necessary by the judiciary.
Topics: #court #representative #vilnius
