In August, the bankruptcy procedures of BUAB Lietuvos Jūrų Laivininkystė (LJL) were completed and the company was removed from the Register of Legal Entities.
The legal team of AVERUS law office – Regina Derkintytė-Kaupienė, Laura Čereškaitė-Kinčiuvienė, Lina Šimė, Greta Motiejūnienė, Ignas Kerbelis – not only provided legal advice to the LJL bankruptcy administrator, but also assisted in all matters of the maritime law: representation of the bankruptcy administrator for lifting vessel seizures in the ports of Greece and Spain, active involvement in the sale of the company's ships during the bankruptcy proceedings, assistance in debt recovery from the company's Lithuania and foreign debtors, administration and assistance in obtaining insurance claims in the Russian Federation, as well as representation of the bankruptcy administrator of the company in legal disputes.
We are satisfied with the successful completion of this task which has lasted over three years.