Our lawyers’ team has defended one of the largest infrastructure companies in Lithuania from its creditor. The client is undergoing a restructuring process. The claimant, a financial institution, charged the client with not performing its payment duties under the restructuring plan.
The claim was deemed to be unfounded because the claimant had received clearly sufficient amounts of assets directly from the client’s debtor and such order of the client’s payments was agreed by the claimant itself. The case was vital for the client in its quest to avoid bankruptcy and avert large unfounded and repeated payments to the creditor.