TGS Baltic team successfully represented leading Italian company in the field of infrastructures, technological systems and services

02.07.2019 TGS Baltic team successfully represented leading Italian company in the field of infrastructures, technological systems and services

TGS Baltic team successfully represented one of the largest infrastructure companies in Italy in arbitration proceedings under the Rules of Arbitration of the Vilnius Court of Commercial Arbitration in a dispute with one of Lithuania’s municipalities regarding the breach of a contract and predetermined damages. 

In this case both parties to the proceedings submitted their claims to order the other party to pay damages. While TGS Baltic’s client’s claim was satisfied in part and 90 per cent of a fine provided in the contract awarded which consists more than EUR 520,000, Municipality’s claims were dismissed in full.