Multi-Jurisdictional Business Jet Sales Transactions
20 May 2026
The law firm acted as lead advisor in the multi-jurisdictional transaction involving the Bombardier Global XRS business jet
- Corporate and M&A
- Commercial
- Dispute resolution
- Taxation
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Employment and Freelancing
- Employment agreements
- Outward and inward secondment
- Accidents at work and claims to an employer
- Stock option plans and other benefits
- Non-compete, non-solicitation and confidentiality
- Labour misconduct, penalties, warning procedures
- Removal of managers
- Employment of foreign nationals
- Immigration into Lithuania: TRPs, and visas
- Administrative Law
- FinTech and Licensing
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Corporate Criminal Litigation
- Fraud offences
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- Crimes against consumers' interests
- Tax evasion and improper accountancy
- Crimes related to illegal cash operations
- Criminal bankruptcy
- Bribery crimes, abuse of trust
- Criminal liability of corporations
- Extradition and European Arrest Warrant
- Collection of evidence for foreign proceedings
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
Fintech Account Restrictions, Frozen Funds and Digital Banking Disputes
31 May 2026
Unexpected account restrictions, frozen funds, payment blocks and customer offboarding decisions by financial institutions can have serious consequences for both individuals and businesses
Cross-Border Refinancing of Boeing 737 Aircraft
15 May 2026
Šulija & Partners acted as Lithuanian local counsel in connection with a cross-border aviation ABS refinancing transaction involving two Boeing 737 aircraft
Legal Assistance for Frozen Accounts and Compliance Disputes
12 May 2026
Recent Regulatory and Practical Developments Relating to Fintech Account Restrictions, KYB Escalations and Customer Offboarding Practices
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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