TGS Baltic arbitration team won a case before the Vilnius Court of Commercial Arbitration

13.01.2023 TGS Baltic arbitration team won a case before the Vilnius Court of Commercial Arbitration

Our client has recently won in an arbitration case administered by the Vilnius Court of Commercial Arbitration. The client was represented in this arbitration by our arbitration team consisting of Dr. Tadas Varapnickas, Žydrūnė Stuglytė, Lukas Radzevičius, Beatričė Stiopinaitė, and Emilija Valentinaitė.

The Arbitral Tribunal found that the respondent is fully liable under the surety agreement he signed and entertained our client’s claims fully in the amount of EUR 1,000,000 as well as ordered the respondent to cover all of the claimant’s arbitration costs.