FORT successfully represented EfTEN in court proceedings
Attorneys of FORT Tallinn, Andreas Veeret and Kuldar-Jaan Torokoff, successfully represented a subsidiary of EfTEN (the largest commercial real estate fund in the Baltics) in a dispute against a former lessee.
In the essence of the dispute was a legal question of whether and on what terms may a lessee – instead of taking possession of the movables – claim compensation for movable assets seized by the lessor as a result of exercising the lessor’s right of security. The case was tried in all three court instances, including before the Supreme Court. EfTEN was victorious and all claims of the lessee were rejected.
The judgment confirms that a lessee of commercial premises can not claim compensation for seized assets in case the lessee has unjustifiably refused to take possession of those assets.