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Fort Successful for Buyers of Non-Issued Snoras Shares in Vilnius Regional Court

Fort Successful for Buyers of Non-Issued Snoras Shares in Vilnius Regional Court

Lithuania
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Fort has represented 200 buyers of non-issued Snoras shares before the Vilnius Regional Court in their claim in their successful claim for procedural interest for the period of litigation against the Lithuanian state enterprise Deposit and Investment Insurance.

Deposit and Investment Insurance had claimed that the procedural interest did not belong to the buyers, because the benefits were paid to them after the victory in another depositors’ case handled by Fort. However, the Court found that Deposit and Investment Insurance was obliged to pay either the deposit insurance benefit or the investor insurance benefit and had to compensate the claimants for the loss by paying the procedural interest.

The Fort team included Senior Associate Aiste Samuilyte-Mamontove and Associate Paulius Uosis.

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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

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