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SPC Legal Successful for BUAB Sibimpeksas in Bankruptcy Case

SPC Legal Successful for BUAB Sibimpeksas in Bankruptcy Case

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SPC legal has successfully defended BUAB Sibimpeksas shareholders and directors in an intentional bankruptcy case before Lithuanian courts.

According to SPC Legal, “the plaintiff sought to prove that entire business model of BUAB Sibimpeksas was in prejudice of the creditors’ interests. The plaintiff tried to prove nearly all possible elements of intentional bankruptcy. The courts held that BUAB Sibimpeksas bankruptcy was not caused by the wrongful actions of the shareholders and directors, but it was simply a result of an unsuccessful business.”

The SPC Legal team included Managing Partner Giedrius Murauskas and Associate Tadas Katauskas.

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

All News about Cobalt can be found here.


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