Fort's Tallinn office has successfully represented a subsidiary of Baltic real estate fund EfTEN in a dispute against a former lessee.
The dispute involved the question of whether and on what terms a lessee may claim compensation for movable assets seized by the lessor as a result of exercising the lessor’s right of security instead of taking possession of them.
The case was litigated all three court instances, finally reaching the Estonian Supreme Court. All claims of the lessee were rejected. The Supreme Court's judgment confirms that a lessee of commercial premises cannot claim compensation for seized assets where it has unjustifiably refused to take possession of those assets.
The Fort team consisted of Managing Partner Kuldar-Jaan Torokoff and Attorney-at-law Andreas Veeret.