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This February, Nauris Grigals joins the Sorainen partnership. As a result, the total number of Sorainen Latvian office partners reaches eight. Nauris will take on the role of co-head of the Corporate and M&A practice group of the Latvian office, together with the country managing partner of the Latvian office, Eva Berlaus. The Corporate and […]
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There are many natural persons who can no longer meet their debt obligations in the Baltic states. For them, overindebtedness is not just a temporary problem – various factors have led to an increase in the number of insolvent natural persons. As shown by economic examples, the insolvency of natural persons is caused by excessive […]
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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 – […]
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Deals & Cases / Laurynas Lukošiūnas, Jurgita Karvelė, Greta Kubiliūnaitė
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 […]
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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 […]
