Recently the Supreme Court of the Republic of Lithuania has satisfied the request of a group of 262 claimants, represented by FORT, to clarify whether the EU and national law protect them.

The group of claimants consists of people that have subscribed and paid up the emission of shares of the bankrupt bank Snoras, but were not granted the shares subscribed due to Snoras bankruptcy. The group of people seek to recover in total approx. EUR 2 mio and receive personal insurance premiums up to EUR 100,000 granted by the EU directive on the deposit-guarantee schemes 94/19/EC (as amended by 2009/14/EB).

FORT Vilnius has recently advised EfTEN on the acquisition of a B-class “Ulonu business centre” office building on 25C Verkiu street in Vilnius, Lithuania. “Ulonu business centre” office building is located in the Northern part of Vilnius (so-called Northtown), the total area of “Ulonu business centre” office building is over 6 700 sq. m, office area makes up over 5 000 sq. m and the property has 117 parking places.