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CEE Attorneys Successful for Fabric Producer in Lithuanian Dispute

CEE Attorneys Successful for Fabric Producer in Lithuanian Dispute

Lithuania
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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.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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