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Averus Advises Bankruptcy Administrator of BUAB Lietuvos Juru Laivininkyste on Completion of Bankruptcy

Averus Advises Bankruptcy Administrator of BUAB Lietuvos Juru Laivininkyste on Completion of Bankruptcy

Lithuania
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Averus has advised the bankruptcy administrator of BUAB Lietuvos Juru Laivininkyste on the successful completion of bankruptcy procedures and the removal of the company from the Register of Legal Entities.

According to Averus, the firm's team "also assisted in all matters of maritime law: representating the bankruptcy administrator for lifting vessel seizures in the ports of Greece and Spain, active involvement in the sale of the company's ships during the bankruptcy proceedings, assistance in debt recovery from the company's Lithuania and foreign debtors, administration and assistance in obtaining insurance claims in the Russian Federation, as well as representation of the bankruptcy administrator of the company in legal disputes."

The firm's team consisted of Partners Regina Derkintyte-Kaupiene and Laura Cereskaite-Kinciuviene, Senior Associates Lina Sime and Greta Motiejuniene, and Associate Ignas Kerbelis. 

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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.

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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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