Publication / Norman Aas, Illimar Pärnamägi / ERR
In order to resolve the practical and legal issues involved in the chain reaction as a result of the state of emergency, the Parliament passed a package of amendments in the form of a so-called cluster bill (170 SE). These changes were necessary for the continuation of state life in an emergency situation, but at […]
We thank all of our clients who joined us today for our first regional webinar focusing on Public Procurement in times of crisis. Please find here an overview of the questions asked from our team by the participants. The questions were answered by our regional team of Public Procurement specialists: Kadri Härginen and Mario Sõrm […]
Deals & Cases / Laurynas Lukošiūnas, Greta Kubiliūnaitė
We successfully represented Alfa Bank, a creditor of Arvi ir ko, in a case concerning annulment of company sales transactions by Arvi ir ko. A panel of judges of the Lithuanian Court of Appeal ruled to annul the sale of Lietuvos cukrus, Rietavas veterinarinė sanitarija and Arvi kalakutai to Cypriot companies. This court decision will […]
Generally speaking, wrongful trading is the special form of liability where a director of a company is liable for damages towards the creditors for the mismanagement of an insolvent company. A special feature of the wrongful trading concept is that it may give rise not only to the liability of the director of the company […]
