TGS Baltic successfully represented Šiaulių Bankas in a dispute with the Bank of Lithuania

11.11.2021 TGS Baltic successfully represented Šiaulių Bankas in a dispute with the Bank of Lithuania

TGS Baltic represented Šiaulių Bankas in a dispute with the Bank of Lithuania regarding a sanction imposed by the Bank of Lithuania for violations of legal acts regulating the prevention of money laundering and terrorist financing.

The Court of First Instance dismissed Šiaulių Bankas’ complaint; the Supreme Administrative Court of Lithuania however annulled the judgement of the Vilnius Regional Administrative Court and remitted the case to the court of first instance for re-examination.

The client was represented by Partner Žygimantas Stankevičius, Senior Associate Tadas Varapnickas, and Associate Eglė Masytė.