CEE Attorneys has successfully represented Audejas in a dispute against Vilniaus Miesto Projektai, which is managed by investment fund Lord LB Asset Management.
Audejas is a producer of upholstery and home textile fabrics in the Baltic States. According to the company's website, "in 1946 the company started activities and continually modernizing its production equipment today can supply over 3 million meters of the highest quality fabrics meeting the most rigid requirements of clients from more then 35 countries all over the world."
The case was related to the actions of Vilniaus Miesto Projektai, a municipal development organization in Vilnius, including its termination of a preliminary contract with Audejas and an attempt to collect an advance payment of EUR 1 million. The total amount of the dispute was EUR 2 million.
The CEE Attorneys team included Partners Daina Senapediene and Inga Kostogriz-Vaitkiene, and Junior Associate Ieva Zablackaite.