Sulija & Partners Advises GetJet Airlines on high profile ACMI contract
1 Oct 2025
Šulija & Partners supports GetJet Airlines in strategic capacity deal with Etihad Airways
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Protection of creditors' rights in the downfall of a Lithuanian fintech company
11 Nov 2023
On 11 November 2023 Vilnius Regional Court has ruled on the insolvency of UAB “PAYRNET”.
While the aforementioned court ruling may still be appealed with the Court of Appeal of Lithuania, under the law all creditors of UAB “PAYRNET” must now submit their creditor claims to the appointed insolvency administrator no later than in 30 days. Failing to submit a claim on time may result in the termination of creditor’s right of claim.
This development serves as a stark reminder that financial stability of fintech companies remains of critical concern and market participants are urged to reassess their risk management strategies.
If you require any assistance in recovering your funds, please contact us at info@sulijapartners.com.
Highlights
Advising on Cross-Border Sale and Delivery of Legacy 650 Business Jet
2 Oct 2025
Šulija & Partners supported the successful cross-border sale and delivery of an Embraer business jet, acting as joint legal counsel from LOI to closing
Client Alert: Fly PLAY hf. Ceases Operations and Cancels Flights
29 Sep 2025
PLAY Ceases Operations: What Passengers and Creditors Need to Know?
Sulija & Partners Contributes to Chambers and Partners’ Global Aviation Guide
26 Sep 2025
Exclusive Lithuanian Contributor to Chambers and Partners Aviation Finance Guide
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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