Ellex Valiunas has successfully represented Klaipedos Nafta in a dispute with the Achema Group over the financing of the development of the Klaipeda liquefied natural gas terminal that reached the Court of Justice of the European Union.
The eight-year-long dispute ensued after the Republic of Lithuania chose Klaipedos Nafta to develop the LNG terminal instead of the Achema Group, providing Klaipedos Nafta with a EUR 448 million aid package.
According to Ellex Valiunas, the European Commission concluded that the financing of the terminal complied with EU state aid rules. The Court of Justice of the European Union upheld the EC’s conclusion.
The Ellex Valiunas team consisted of Partner Karolis Kacerauskas and Dovile Greblikiene and Senior Associates Edvinas Beikauskas, Aiste Mikociuniene, and Gintare Taluntyte.
