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Sorainen Successful for Insolvent Taupkase in Employee Dispute Over Bonus Calculation

Sorainen Successful for Insolvent Taupkase in Employee Dispute Over Bonus Calculation

Lithuania
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Sorainen has successfully represented the insolvent credit union Taupkase (under the administration of Klaipedos Administratoriu Biuras) in a dispute with employees over the amount of downtime pay and termination compensation they are due.

According to Sorainen, "the employees claimed that bonuses paid should be included when calculating the average wage. The court found in favor of our client, stating that it was lawful not to include bonuses when calculating the average wage of employees."

The Sorainen team was led by Partner Kestutis Svirinas, working with Senior Associate Kazimieras Karpickis and Associate Greta Kubiliunaite. The same team also successfully represented the company in a case regarding whether a share can be recognized as a deposit.

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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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