27
Fri, Nov
70 New Articles

Motieka & Audzevicius Advises Donatas Aleksandravicius on ICSID Claim Against Denmark

Motieka & Audzevicius Advises Donatas Aleksandravicius on ICSID Claim Against Denmark

Lithuania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Motieka & Audzevicius has helped Donatas Aleksandravicius, the owner of the Ds Byggeri construction company, file an indemnification claim against Denmark at the ICSID.

Donatas Aleksandravicius is seeking compensation for damage caused by protestors at his company’s construction site in Copenhagen and related financial harm under the Lithuania-Denmark bilateral investment treaty.

According to Motieka & Audzevicius, “Aleksandravicius and Ds Byggeri filed an initial notice of arbitration in February but opted to then negotiate with the Danish government, a process that was postponed due to the COVID-19 pandemic and resulting lock down. However, in July the Danish Ministry of Justice wrote a letter to Motieka & Audzevicius Partner Rimantas Daujotas saying that the government rejected Aleksandravicius’ claim and his settlement proposal. Denmark’s refusal to negotiate prompted him to file the more recent request for arbitration that has now been registered by ICSID.”

Motieka & Audzevicius’s team was led by Partner Rimantas Daujotas and included Denis Parchajev. 

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