Case before the Vilnius Regional Court

Our firm has represented a leading Lithuanian ceramic tiles producer in a Vilnius Regional Court case regarding the legality of the termination of a credit agreement.

The client challenged the bank’s decision to terminate a credit agreement prematurely and sought a court order to change the provisions of the contract, giving the client an opportunity to repay the credit over a longer period of time. The case has significant importance due to the judicial interpretation regarding the performance of contractual obligations upon a change of circumstances.