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Deals & Cases / Laurynas Lukošiūnas, Greta Kubiliūnaitė
We successfully represented Alfa Bank, a creditor of Arvi ir ko, in a case concerning annulment of company sales transactions by Arvi ir ko. A panel of judges of the Lithuanian Court of Appeal ruled to annul the sale of Lietuvos cukrus, Rietavas veterinarinė sanitarija and Arvi kalakutai to Cypriot companies. This court decision will […]
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Deals & Cases / Laurynas Lukošiūnas, Greta Kubiliūnaitė
The Lithuanian Court of Appeal upheld the first instance court ruling in a precedent-setting case concerning damages related to company losses. The Court of Appeal dismissed the appeal and ordered Kėdainių aruodai to pay the litigation costs. On 30 October 2019, the court decided in a final ruling that potential loss-making business transactions do not automatically […]
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We successfully represented the insolvent credit union Taupkasė (bankruptcy administrator – Klaipėdos administratorių biuras) in a case over recognising a share as a deposit. The claimant, who was granted a loan by the union, sought to nullify the transaction of purchasing a union share as resulting from a mistake and asked the court to recognise […]
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We successfully represented the insolvent credit union Taupkasė (bankruptcy administrator – Klaipėdos administratorių biuras) in a dispute with employees over the amount of downtime pay and termination compensation. The employees claimed that bonuses paid should be included when calculating the average wage. The court found in favour of our client, stating that it was lawful […]
