Major Assignments - Insolvency & Debt Recovery

Successful Debt Collection

TRINITI Estonia managed to collect due to swift and systematic actions a debt of approximately 50,000 euros in the construction sector. The debt had been overdue for more than a year and the reorganization procedure of the debtor commenced immediately thereafter

Restructuring of an 8 M EUR debt

TRINITI advised GK Projektai, a Lithuanian real estate development company, on restructuring and subsequent bankruptcy proceedings. The company’s debt was approximately 8 M EUR. We assisted the client in negotiating with the largest Lithuanian banks: SEB Bankas, DNB Nord Bankas and Danske Bankas and represented the client in the court proceedings against the banks

Broksita debt restructuring and bankruptcy

TRINITI consulted shareholders of UAB Broksita on pledge of their personal property and their personal suretyships given to SEB bank on behalf of Broksita in the amount of more than 16 M litas. Our work resulted in the bank accepting the requirements of the shareholders and refusing all the personal guaranties of shareholders