Represented a holding company in the European Commission

Our team represented a holding company of a major world aluminum production conglomerate, based in the Russian Federation. The company, together with its numerous subsidiaries, held substantial amounts of funds in the Lithuanian bank Snoras, which was declared insolvent in 2012, meaning the funds were lost.

We have filed a complaint to the European Commission regarding the wrongful application of the EU Deposit insurance directive in Lithuania and the disproportional and discriminatory national measures in this field. The complaint is currently pending.