-
Belor claims EUR 1.2 million in damages from the Arvi Fertis administrator
We are representing the Lithuanian fertiliser trading company Belor controlled by the German Belor Eurofert in a dispute with the administrator of the Marijampole fertiliser company Arvi fertis, which is in bankruptcy, Aurimas Valaitis, for compensation of damages amounting to almost EUR 1.2 million. The administrator is alleged to have caused damage to the creditors […]
-
Important court ruling over challenging the validity of transactions formed under the influence of a mistake
The Lithuanian Court of Appeal ruled in favour of our client, the bankrupt credit union Taupkasė (the bankruptcy administrator is Klaipėdos Administratorių Biuras), in a case brought by ten credit union shareholders over recognising a credit union share as a deposit. Although the court of the first instance ruled in favour of the claimants – […]
-
The Supreme Court of Lithuania makes a case law decision in a dispute over insolvency proceedings
We successfully represented our client before the Supreme Court of Lithuania in a case over the possibility of appealing the initiation of insolvency proceedings by cassation. The court dismissed the opponent’s claim and established the case law that cassation of a court’s decision to initiate insolvency proceedings is not possible. The new case law ensures […]
-
Important court ruling in the insolvency case of credit union Taupkasė
The Lithuanian Court of Appeal made a decision favourable for our client – the bankrupt credit union Taupkasė (the bankruptcy administrator was Klaipėdos Administratorių Biuras) – in a case over recognising a credit union share as a deposit. Although the court of the first instance ruled in favour of the claimant – a credit union […]
-
Representing Alfa bank in debt recovery from Vidmantas Kučinskas
We represent Alfa bank, a creditor of Arvi ir ko, in debt recovery from Vidmantas Kučinskas and identifying possibly illegal acts by the businessman, who is suspected of financial fraud and was detained when crossing the border between Slovenia and Croatia on 15 July 2020. On 29 July 2020 it was announced that Kaunas Regional […]