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TGS Baltic Successfully Represents Klaipedos Nafta Before Lithuanian Court of Appeal

TGS Baltic Successfully Represents Klaipedos Nafta Before Lithuanian Court of Appeal

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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.

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

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