2015-09-09 10:15
The bankrupt Ūkio Bankas under liquidation sold the loan portfolio of Russian and Lithuanian enterprises with the nominal value of EUR 54.8 million to the Russian company “Platfroma-Finance.” According to the administrator in the bankruptcy proceedings, the creditors' committee of Ūkio Bankas fixed a minimum price equal to EUR 5 million, but “Platforma-Finance” has offered a much higher price which is kept confidential as requested by the buyer. “Platforma-Finance” acquired the claims of EUR 39.7 million of a nominal value against the Russian company “Russkij Karavaj,” which owns 21.5 thous. sq. meters of the commercial building in the centre of Moscow, as well as a claim amounting to EUR 15.1 million against the Lithuanian company “Turto Valdymo Strategija”, which holds 99.04 percent of “Russkiy Karavaj” shares. The two latter companies were put into insolvency proceedings. The Russian company “Platforma-Finance,” which took over the claims with the nominal value of EUR 39.7 million from Ūkio Bankas under liquidation, was represented by Juridicon lawyers. They prepared and agreed with the counterparty's lawyers necessary documentation, a legal review of completed cases, and rendered other related legal services.
2015-08-19 12:15
Managing partner of Law Firm Juridicon attorney at law Laimonas Marcinkevičius says that since the time of establishement Juridicon are providing legal services, tax consultations and companies' management services in different jurisdictions. Consequently, in accordance with taxation requirements of foreign jurisdiction, client needs estimation of risks for provision of his services and legal requirements where would be covered such questions as permanent residence, the necessity to register a permanent residence, the selection of the legal form and so on. If registration of permanent residence is compulsory and client decides to register it, he needs professional support during registration and providing corresponding declarations.
2015-05-30 11:45

In Lithuania joint venture (partnership) is regulated by Civil Code Articles 6.969-6.982. Civil Code provides regulation of joint venture (partnership) based on contract of joint venture, however, there is no any special rule of law which governs another popular form of joint venture in international business practise – structural joint venture when two (or more) partners establish one legal entity.

2014-01-08 18:45
  • We successfully represented the largest news website in the Baltic States in a civil case concerning protection of business reputation.
2014-01-08 18:00
  • We provided consultancy to a client on issues of qualification of salaries of employees working at its permanent headquarters in Lithuania as class A/B income and related tax issues.
2013-12-31 23:30
  • We successfully represented a Lithuanian company engaged in real estate development and owning over 7,000 sq m of properties in negotiations with a bank concerning
2013-12-31 23:30
2013-01-08 17:45
  • We proposed a foreign client controlling a large premise rental business in Lithuania the optimal activity development solution in terms of business management and tax burden and successfully
2013-01-01 17:15
  • We represented an Irish company in receiving a debt from a Lithuanian debtor (a company) – to date, approximately one half of the debt has been repaid to the Irish company.
2013-01-01 17:00
  • We successfully formalised the acquisition from a conflicting shareholder of own shares by a foreign capital company engaged in wholesale.