Walless has successfully represented KC Projektai before the Supreme Court of Lithuania in a state land lease agreement-related dispute.
"The company had bought buildings and roads, and leased over 17 hectares of state land from the National Land Office in Lithuania, planning to modernize and operate a building complex," Walless informed. "Unfortunately, their plans stalled as they encountered major unforeseen obstacles. When the National Land Office conducted the site inspection and found no buildings on the premise, they concluded this to be a valid reason for terminating the land lease."
According to the firm, the Supreme Court found that KC Projektai had acted proactively during the lease term. "The Court restored the rights to develop the land, stating that one of the essential principles of contract law is the principle of cooperation between the parties, which is also relevant in assessing the existence of a contract breach," Walless reported.
The Walless team included Associate Partners Mantas Lideika and Jovita Gabniene.