Shareholders’ dispute

Our firm has represented the owner of a 4-star hotel in a shareholders dispute.

The dispute related to the application of a so-called pathological arbitration clause to a non-signatory. The Court acknowledged that the arbitration agreement concluded between shareholders is also binding upon the company.

The arbitration clause stipulated that disputes arising from and related to disputes between shareholders of a company and a company shall be resolved at arbitration court.

This was the first case in Lithuanian courts when an extension of an arbitration clause to a non-signatory was examined.

 

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