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Snoras bankruptcy administrator claims first victory in 11-million-euro legal battle with Meinl Bank

Early this year the Vienna International Arbitral Centre adopted a decision by which a claim by the Austrian bank Meinl Bank AG against Bankas Snoras was dismissed. It thus recognized that a pledge agreement which Meinl and Snoras made in 2011 is to be deemed null and void under Austrian law. On the basis of that specific agreement, 11 million euros was appropriated from Bankas Snoras in September 2011. […]

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Lithuania notifies Russia about suspicions against Snoras’ execs

Lithuanian prosecutors have notified their Russian colleagues about the suspicions brought against Raimondas Baranauskas and Vladimir Antonov, top executives and shareholders of the bankrupt bank Snoras hiding in Russia whom they intend to put on trial in absentia. […]

Vladimiras Antonovas

Russian courts dismiss Snoras ex-owner’s suit against Lithuania

Russian courts have finally dismissed an appeal filed by Vladimir Antonov, a former majority shareholder of the collapsed Lithuanian bank Snoras, against the dismissal of his lawsuit, worth 40 billion rubles (over EUR 500 mln), against Lithuania. […]


Prosecutors hail president’s amendments, lawyers find them too abstract

Lithuanian President Dalia Grybauskaitė on Wednesday put forward amendments that would enable prosecution of financial offenders who have fled the country. […]

Vladimir Antonov

Snoras former owner Antonov demands €555m from Lithuania

Vladimir Antonov, the former owner of the Snoras Bank which was nationalized and went under after revelations of large-scale embezzlement, has turned to the Moscow Arbitration Court demanding a compensation from Lithuania. He demands 40 […]