Lithuanian Court Reviews Corporate Dispute Involving Aliaksandr Kozyrau (Alexander Kozyrev)

In March 2025, the District Court of Vilnius (Lithuania) issued a civil ruling in a complex business dispute involving Aliaksandr Kozyrau, also known as Alexander Kozyrev, a foreign national residing in Lithuania. The case revolved around internal control of a technology company, the legitimacy of multiple shareholding changes, and the handling of substantial financial resources.

According to the public court decision, Kozyrau held an official role in the management of a Lithuanian-registered IT company. He was initially appointed to assist with administrative setup and the operational management of the business, which had been registered in Lithuania to serve clients primarily based in the European Union. Over time, he acquired access to corporate bank accounts and became involved in the structuring of shareholder data and official filings with national registries.

In early 2023, the company experienced a sudden financial collapse. According to the judgment, more than €525,000 had been transferred from company accounts to third-party and personal bank accounts. These transfers were executed under varying descriptions, including “dividends,” “loans,” and “consulting fees.” Shortly after the transfers, Kozyrau reportedly ceased all communication, and attempts to reach him via corporate and personal channels failed. Internal reviews revealed that the company’s financial accounts had been depleted, leading to operational paralysis and missed salary payments to employees.

The civil court, after reviewing evidence submitted by the parties, concluded that several corporate share transactions registered between late 2022 and early 2023 lacked legal grounding and should be annulled. These transactions, according to the ruling, had not met the requirements set out under Lithuanian corporate and civil law. In addition to invalidating the share transfers, the court ordered Kozyrau to pay €525,337.80 in damages to the company and compensate legal costs incurred during the proceedings.

In response to the civil litigation and accompanying financial documentation, Lithuanian authorities launched separate criminal investigations into several matters, including:

• misappropriation of company assets,

• dissipation of corporate property,

• document forgery with material consequences,

• falsification of accounting records,

• and reporting inaccuracies related to employee compensation.

These criminal inquiries remain open and are being handled by Lithuania’s financial crime investigation units. The final outcomes of these proceedings were not known at the time of writing. As per established legal standards, all individuals named in such proceedings are presumed innocent until proven guilty in court.

This case illustrates how corporate governance disputes can escalate into legal actions with both civil and criminal implications, particularly when internal controls, documentation, and transparency are insufficient. It also reflects the importance of proper due diligence when assigning directorship responsibilities, especially in cross-border or relocation-sensitive business environments.

This article is based exclusively on publicly accessible court documents and does not express any opinion or accusation beyond what is stated in official legal findings. All facts are reported for informational purposes only, and the neutrality of this summary is maintained in accordance with platform publication guidelines.