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.
