Dispute with one of the largest international corporations

Our team has represented one of the biggest infrastructure companies in Lithuania in a dispute with one of the largest international corporations, whose activities encompass the energy, drive technology, automation, building technologies and healthcare sectors.

The claimant (international corporation) appealed to the Supreme Court of Lithuania with the aim of annulling a previous court decision regarding an application of distress for around 9 million euros worth of assets and a fine for the same amount. However, the court decided the distress applied to the assets should remain in place allowing only the paying out of wages for employees, taxes owed to the government and social security payments from the distressed assets.

 

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