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Sorainen Successful for Unis Steel Baltija in Lithuanian Supreme Court

Sorainen Successful for Unis Steel Baltija in Lithuanian Supreme Court

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Sorainen has successfully represented Unis Steel Baltija before the Lithuanian Supreme Court.

Unis Steel Baltija challenged the claim brought by one of its clients that pipes it had purchased from Unis Steel needed to be replaced with new ones. The first instance court decided that the claim was about defective items sold, so a shorter limitation period of six months applied. However, the appeal court decided that the claim was for compensation for damage caused by faulty products, so a three-year limitation period applied.

According to Sorainen, "the Lithuanian Supreme Court stated that a damage compensation claim, to which a three-year limitation period applies, can only be pursued when buyer’s rights cannot be defended by applying special provisions governing the contractual legal relations of sale and purchase. In all other cases a claim for defective items sold should be filed, in which case a six-month limitation period applies."

The Sorainen team consisted of Partner Kestutis Svirinas, Senior Associate Kazimieras Karpickis, and Associate Ausra Gauryte.

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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