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Litigation with foreign companies

5 Dec 2021

Our law firm has been advising and preparing court documents for a local business involved in the litigation a with a German company regarding recognition of a German arbitral award in Lithuania. 

Final and conclusive judgments given by the arbitration are recognized in the Republic of Lithuania in accordance with the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958), which is binding in its entirety and directly applicable in the Republic of Lithuania, and applicable rules of the Civil Procedure Code of the Republic of Lithuania. 

While recognizing and enforcing the arbitral award, the Lithuanian Court of Appeal checks if there are any circumstances set out in the Law on Commercial Arbitration and/or in the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards that do not permit to acknowledge and enforce the respective arbitral award.

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Šulija Partners Law Firm Vilnius, registered office Jogailos street 11, Vilnius, LT-01116, Lithuania, fax +370 52051926, e-mail: info@SulijaPartners.com

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