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Ellex And JPM Successful for Alita Before Court of Appeals

Ellex And JPM Successful for Alita Before Court of Appeals

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Ellex, working with Jankovic Popovic Mitic, has successfully represented the interests of Alita before the Court of Appeals of Lithuania.

According to Ellex, “after almost ten years of litigation, the Court of Appeals of Lithuania has ruled in favor of Alita, AB group of companies – and refused to recognize and enforce the partial and final arbitral awards of the Foreign Trade Court of Arbitration in Belgrade.”

According to the firm, "in this international dispute the Serbian Agency for Dispute Resolutions in Privatization Procedures attempted to claim damages suffered after then-largest Lithuanian alcoholic beverages producer Alita, AB undertook and allegedly failed to perform obligations arising out of the privatization of Serbian brewery Beogradska Industrija Piva. Despite the fact that the privatization agreement was concluded with Alita, AB the arbitral tribunal rendered the partial arbitral award including Alita, AB group of companies as a defendant in the arbitration proceedings. The long years of litigation before the courts of the Republic of Serbia, including the Serbian Constitutional Court, resulted in a victory for the Alita, AB group of companies, with the partial arbitral award being annulled in its entirety and the final arbitral award being annulled in favor of the Alita, AB group of companies."

Ellex’s team included Partner Vilija Vaitkute Pavan and Senior Associate Agne Kisieliauskaite.

JPM’s team included Partner Djordje Novcic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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