Success in defense of EUR 240 million claim filed by the State’s against foreign investors and local companies

Motieka & Audzevičius dispute resolution team has for the second time successfully defended foreign investors and local companies from EUR 240 million claim filed by the Republic of Lithuanian before Vilnius regional court.

On 14 February 2022, the Vilnius regional court ruled that Lithuania’s counterclaims against French investors and Lithuanian companies and natural persons, which were originally raised in ICSID arbitration, were not admissible.

In addition, the Court held that even if they were admissible, Lithuanian courts do not have jurisdiction to examine such claims. Therefore, Lithuania’s counterclaims should be brought in the French courts where French investors are domiciled.