Ellex, working with Jankovic Popovic Mitic, has successfully represented the interests of Alita before the Court of Appeals of Lithuania.
According to Ellex, “after almost ten years of litigation, the Court of Appeals of Lithuania has ruled in favor of Alita, AB group of companies – and refused to recognize and enforce the partial and final arbitral awards of the Foreign Trade Court of Arbitration in Belgrade.”
According to the firm, "in this international dispute the Serbian Agency for Dispute Resolutions in Privatization Procedures attempted to claim damages suffered after then-largest Lithuanian alcoholic beverages producer Alita, AB undertook and allegedly failed to perform obligations arising out of the privatization of Serbian brewery Beogradska Industrija Piva. Despite the fact that the privatization agreement was concluded with Alita, AB the arbitral tribunal rendered the partial arbitral award including Alita, AB group of companies as a defendant in the arbitration proceedings. The long years of litigation before the courts of the Republic of Serbia, including the Serbian Constitutional Court, resulted in a victory for the Alita, AB group of companies, with the partial arbitral award being annulled in its entirety and the final arbitral award being annulled in favor of the Alita, AB group of companies."
Ellex’s team included Partner Vilija Vaitkute Pavan and Senior Associate Agne Kisieliauskaite.
JPM’s team included Partner Djordje Novcic.
