Lithuania's Marger law firm has successfully represented the former CEO of UAB KDS Grupe in a civil case against the bankrupt company.
According to the Marger law firm, the court of first instance initially awarded EUR 1.39 million in damages to KDS Grupe, but the Court of Appeal reversed that judgment, "completely rejecting all claims against the [firm's] client." According to Marger, it proved that its client, "in acting as the head of the company and concluding the disputed transactions, [had] acted in good faith and in the best interests of the company and therefore did not breach his fiduciary duties."
Marger's team was led by Partner Martynas Zilinskas.