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Sorainen Successful for Alfa Bank in Lithuania Court of Appeal

Sorainen Successful for Alfa Bank in Lithuania Court of Appeal

Lithuania
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Sorainen has successfully represented Alfa Bank, as the creditor of Arvi Ir Ko, in a case concerning the annulment of company sales transactions of Arvi Ir Ko.

According to Sorainen, “a panel of judges of the Lithuanian Court of Appeal ruled to annul the sale of Lietuvos Cukrus, Rietavas Veterinarine Sanitarija, and Arvi Kalakutai to Cypriot companies. This court decision will enable creditors to continue recovering their debts. The court recognizes indirect creditors’ right to challenge debtors’ transactions.”

Sorainen’s team included Partner Laurynas Lukosinuas and Associate Greta Kubiliunaite.

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