TGS Baltic has successfully defended Klaipedos Nafta, a company controlling oil products and liquefied natural gas terminals, before the Court of Appeal of Lithuania in a case involving alleged EUR 6 million in damages.
According to TGS Baltic, “the litigation was brought up by oil products transshipment company Kroviniu Terminalas, [which is] controlled by Achemos Grupe. The dispute arose out of the agreement between Klaipedos Nafta and Orlen Lietuva in November 2011. By its statement of claim filed in December 2016, Kroviniu Terminalas asked the Court to find the agreement null and void and to award damages in the amount of EUR 5.995 million from Klaipedos Nafta.” Krovniu Terminals cited breach of the Competition Act in regards to a restricted possibility of fair competition in the light oil products shipping market.
On March 7, 2019, the Vilnius Regional Court rejected Kroviniu Terminalas’ claim. The company took the case to the Court of Appeal, which on March 31, 2020 ruled in favor of Klaipedos Nafta.
TGS Baltic’s team included Managing Partner Vilius Bernatonis, Partner Lina Daruliene, and Associated Partners Marius Brasiunas and Darius Miniotas.