2018/11/19

Representing Ūkio Bankas undergoing bankruptcy against the European Court of Justice

In 2017–2018, Greta Roguckytė and the legal team represented a bank undergoing bankruptcy in a €200,000 case concerning the preliminary ruling of the European Court of Justice regarding the interpretation of Directive 2002/47/EC on financial collateral arrangements and the performance of obligations secured by financial collateral in the event of insolvency of the financial collateral recipient. Her role within the team included drafting all procedural documents for the European Court of Justice and preparing arguments for the oral hearing. This case was significant for the entire finance industry as it addressed the issues concerning the inclusion of financial collateral into the assets.