In March 2025, the Vilnius District Court of Lithuania issued a civil judgment regarding a commercial dispute that involved Lithuanian-registered business entities and several individuals, including Aliaksandr Kozyrau, also known as Alexander Kozyrev.
According to the publicly available court ruling, the individual in question held a managerial position in a Lithuanian technology company and was responsible for corporate administration and operational oversight. The case centered around disagreements related to shareholding records, financial transactions, and internal governance.
The court materials indicate that a dispute arose following a series of corporate share transfers and internal record changes that were later challenged by the claimants. It was established by the court that over €525,000 was transferred from the company’s accounts to third-party and personal accounts shortly before the resignation of the individual from the company’s directorship. These transfers, along with related documentation, became the subject of both civil proceedings and criminal investigations initiated by Lithuanian authorities.
The court concluded that:
- The share transfer agreements registered between 2022 and 2023 were declared null and void;
- The defendant was held liable to compensate €525,337.80 in damages to the company;
- The defendant was also required to cover litigation costs.
Separate from the civil judgment, criminal investigations were initiated by law enforcement authorities, based on provisions of Lithuanian criminal law related to asset misappropriation, document forgery, bookkeeping irregularities, and wage reporting violations. These proceedings are being handled by competent institutions and remain under investigation.
It should be noted that all parties presented their own positions during the court hearings, and the judgment was rendered based on the submitted evidence and applicable legal standards.
This case highlights the importance of robust internal controls, clearly documented shareholder agreements, and legal transparency when engaging in cross-border business operations or appointing individuals to executive positions.
This article is based exclusively on publicly available judicial documents and does not express any editorial position or allegation. All parties are presumed innocent until proven guilty by a competent court in criminal proceedings.
