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Fort Successful on Appeal for Investors in Snoras Bank

Fort Successful on Appeal for Investors in Snoras Bank

Lithuania
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The Court of Appeal of Lithuania has granted the appeal of Fort's Vilnius office and has decided that the court of first instance increased the risk of different court decisions arising from similar circumstances by obliging 212 investors of the bankrupt Snoras bank to submit 212 separate claims instead of one joint claim.

According to Fort, "the Court of Appeal of Lithuania declared that this practice would decrease the trust of society in courts and would also be destructive for implementation of principles of the process."

The 212 investors of the bankrupt Snoras bank are represented in the matter by a Fort Vilnius team consisting of Partner Andrius Mamontovas, Lawyer Aiste Samuilyte-Mamontove, and Associate Kristina Risyte.

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