Detention of funds in Lithuanian banks and fintech
30 May 2024
Legal assistance navigating the recovery of funds from Lithuanian banks and fintech
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Employment and Freelancing
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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
Aviation: legislation developments
16 Jun 2024
On June 14, 2024, the Seimas of the Republic of Lithuania ratified the Convention on International Interests in Mobile Equipment, commonly known as the Cape Town Convention.
Comprehensive legal support for private aircraft buyers and sellers worldwide
20 Apr 2024
Legal assistance for an UAE company acquiring Golfstream Aerospace Corporation G650 corporate jet valued at over $30,000,000 USD.
Sulija Partners garners accolades in the prestigious Legal 500
10 Apr 2024
Sulija Partners Law Firm Vilnius recognized as Top Legal Firm in Shipping and Transport Sector and Dispute Resolution by the Legal 500
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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