Fri, Sep
59 New Articles

SPC Legal Successful for T Parkas in Dispute over Termination of State-Owned Land Lease Agreement

SPC Legal Successful for T Parkas in Dispute over Termination of State-Owned Land Lease Agreement

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

SPC Legal has successfully represented UAB T Parkas in a dispute regarding the termination of a state-owned land lease agreement with another user of the land plot.

According to SPC Legal, “when [T Parkas] acquired the 30,000-square-meter property near the Vilnius Central Rail Station, also known as Taxi park, in 2016, it encountered a number of operational issues regarding the ability to use the land necessary for the building. The asphalt layer, which was put many years ago on the land plot among the buildings and served as lot/access area, was registered as an individual real estate object owned by one person. The owner of this asphalt layer was granted a lease to a major part of the land plot, which was covered by the asphalt.”

T Parkas's efforts to terminate the state-owned land lease agreement with the asphalt owner were successful, but the decision of the National Land Service to that effect was appealed in court. According to SPC Legal, "in the course of the court dispute [the firm] brought counter-claims ... requesting the nullification of former decisions of the National Land Service [granting] the asphalt owner land lease rights and establishing an easement in respect of the asphalt."

Finally, SPC Legal reports, "the higher court, after considering all claims of appeal, accepted [T Parkas's] arguments as well-grounded: [it] declared the former decision of the National Land Service null and void, and also instructed the lower court to re-consider our request regarding the establishment of an easement as there are solid factual and legal grounds for it."

The SPC Legal team included Partner Povilas Karlonas and Associate Egle Valiuliene. 

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.


Our Latest Issue