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New case law on stamp duty exemption
A foreign company represented by our team won a dispute in the Lithuanian Court of Appeal whose decision forms new case law exempting creditors from stamp duty if claiming annulment of transactions when bankruptcy proceedings are initiated against natural persons. So far the practice has been applied only in the case of bankruptcy of legal […]
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Lithuanian Court of Appeal issues case-law ruling on creditor’s right to remove bankruptcy administrator
Klaipėdos administratoriai, represented in court by our team, won a dispute over its removal from the post of bankruptcy administrator. The Lithuanian Court of Appeal found that a creditor seeking to remove our client did not have the right to apply for the administrator’s removal because its claim was less than the minimum amount set […]
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Court adopts case-law decision in dispute over domain registration
We successfully represented the insolvent credit union Taupkasė (bankruptcy administrator – Klaipėdos administratorių biuras) in a domain registration case. Our client sought acknowledgement of its right to the domain names www.taupkase.lt and www.taupkasė.lt, registered by the former chairman of the board, and for the domain registration to be transferred to the union. The court fully […]
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Supreme Court of Lithuania develops case law on shareholder’s right to defend company interests
We successfully represented the interests of a group of companies in a dispute with a minority shareholder in the Supreme Court of Lithuania (SCL). The minority shareholder, in defence of the company’s interests, brought a claim against the group seeking to prohibit the group from carrying out transactions that allegedly threatened the company’s interests. The […]
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Court rules in favour of Taupkasė in dispute over recognising share as deposit
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 […]