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Motieka Audzevicius Successful for JP Srbijagas on Additonal Interim Measures Procedures Against Arvi

Motieka Audzevicius Successful for JP Srbijagas on Additonal Interim Measures Procedures Against Arvi

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The Motieka Audzevicius arbitration team has represented Serbian state company JP Srbijagas to secure enforcement of four ICC and VIAC awards in the Republic of Lithuania against the Lithuanian corporation Arvi.

By its final ruling on interim measures, the Lithuanian court applied additional interim measures and prohibited the Arvi from issuing promissory notes by the shareholders, adopting decisions on amending the articles of association, and adopting any decisions determining the extent and value of the rights and obligations of the companies.

Motieka Audzevicius had already secured an arrest of the shares of Arvi valued at approximately EUR 50 million.

Motieka Audzevicius' Senior Associate Rimantas Daujotas represented JP Srbijagas in the dispute.

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