[1] The decision to liquidate the company, mired in controversies and attacked by critics, was reached by the shareholder of LEO LT on 4 September 2009.
[3] The talks between the government, under Prime Minister Gediminas Kirkilas, and privately owned NDX Energija, part of VP Market group, on the establishment of this "national investor" started on 30 November 2007.
[4] The Lithuanian government transferred to LEO LT its holdings in Lietuvos Energija (96.4%) and RST (Rytų skirstomieji tinklai – Eastern Power Grid Company, 71.34%), while NDX Energija transferred 97.1% of shares in VST (Vakarų skirstomieji tinklai – Western Power Grid Company).
The main complains included that the new company would again monopolize the market which was divided only in 2002, that NDX Energija was selected as a partner without a public competition, and that the deal possibly violated the Constitution of Lithuania and regulations of the European Union on monopoly in energy.
[2] In its decision of 2 March 2009, the Constitutional Court of Lithuania ruled that while there were minor violations in the deal between the government and NDX Energija they were not substantial to merit voiding the agreement.