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Debt recovery proceedings

2 May 2016

On 12 April 2016 the District Court of Klaipeda passed a default judgment upholding the claim of a foreign creditor represented by our Law Firm and ruled that our client shall recover the amount of US $ 266 873,77 (2 062 669,49 euro) from the debtor and its surety.

After due consideration of arguments and evidences brought before the court by the Law Firm the District Court of Klaipeda found that the debtor has in fact breached the contract and thus shall be jointly liable for such breach with its surety and shall pay the creditor the full amount of the debt, interest and penalty.

The Law Firm continues its well-established practice of defending actively the interests of foreign clients in Lithuania in debt recovery and related proceedings.

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Highlights

Litigation

13 Nov 2023

The law firm has successfully represented the client at the Klaipėda Regional Court in a case where damages were awarded to the client in relation to the annulment of an Option Agreement.

Protection of creditors' rights in the downfall of a Lithuanian fintech company

11 Nov 2023

As one of the Lithuanian players of the fintech sector undergoes bankruptcy proceedings, the law firm representing creditors closely monitors the situation at UAB "PAYRNET" to secure their rights and recoup losses

Disputes resolution

21 Jun 2023

Successful representation at the Supreme Court of Lithuania on recognition and enforcement of Russian court rulings in Lithuania

International recognition - Dispute resolution

12 Apr 2023

The law firm Šulija Partners Law Firm Vilnius has been listed as one the leading law firms Dispute Resolutions practice area

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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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