We successfully represented the insolvent credit union Taupkasė (bankruptcy administrator – Klaipėdos administratorių biuras) in a case over recognising a share as a deposit. The claimant, who was granted a loan by the union, sought to nullify the transaction of purchasing a union share as resulting from a mistake and asked the court to recognise […]
We successfully represented the insolvent credit union Taupkasė (bankruptcy administrator – Klaipėdos administratorių biuras) in a dispute with employees over the amount of downtime pay and termination compensation. The employees claimed that bonuses paid should be included when calculating the average wage. The court found in favour of our client, stating that it was lawful […]
News
Sorainen senior associate Edvîns Draba met with International Monetary Fund (IMF) expert Adolfo Rouillon during his visit to Latvia in order to discuss issues related to the field of insolvency and restructuring. The visit to Latvia from 1 to 5 October was the third and final visit in the course of an assessment of the […]
