Providing legal advice to Bank “Snoras” bankruptcy administrator

In 2016–2018, Greta Raulušonė provided legal advice to Valnetas, UAB which acted as the bankruptcy administrator of Snoras bank.

Greta provided consultations in designing a legal strategy, drafted claims and represented the client in cases involving Snoras bank’s claims against several foreign banks regarding compensation of the damages incurred due to misappropriation of assets. The goal behind the cases was repayment of large amounts of money from foreign banks that helped to misappropriate the bank’s assets to the assets of the entity undergoing bankruptcy.

The project had an estimated value of over €500 million.