Lithuanian Court Upholds Insurance Compensation Ruling

Author: Olivia Taylor Updated: 04-11-2025 07:15 AM

Overview of the Court's Decision

ŽEMAITIJOS PIENAS, AB would like to share an important update following the ruling made by the Lithuanian Court of Appeal. The court addressed an appeal from the insurance company, Compensa Vienna Insurance Group. This significant ruling was related to a prior decision by the Vilnius Regional Court that rendered in favor of Žemaitijos Pienas.

Details of the Case

On a recent date, the Lithuanian Court of Appeal dismissed the Defendant’s appeal and confirmed the earlier judgment of the Vilnius Regional Court. The regional court had ruled in favor of Žemaitijos Pienas, validating their claim for insurance compensation in full.

Background of the Insurance Claim

This case arose from a severe weather event on July 1, 2021, during which heavy rainfall caused extensive damage to one of the Company's buildings, impacting the roof and supporting structures. The financial toll of the damage was considerable, totaling EUR 303,993.42, which is excluding VAT.

Insurance Coverage Issues

Following the unfortunate event, the insurance company only covered a portion of the damages, amounting to EUR 55,964.80, which left a substantial gap of EUR 248,028.62 that the Company felt was unjustly withheld. This led to the legal proceedings that culminated in the favorable ruling for Žemaitijos Pienas.

The Legal Implications of the Ruling

The ruling from the Lithuanian Court of Appeal is effective immediately and reinforces the decision made by the Vilnius Regional Court. While this is a significant victory for Žemaitijos Pienas, the insurance company retains the option to file a cassation appeal with the Supreme Court of Lithuania within the designated legal timeframe.

Next Steps for the Company

Žemaitijos Pienas is dedicated to recovering the full amount owed from the insurance claim, as confirmed by the court. This ruling emphasizes the importance of holding parties accountable in the insurance industry and reinforces the Company’s commitment to its financial stability and resilience.

Contact Information

For further details about this ruling or inquiries, Arnas Matuzas is available as the Head of Legal for ?emaitijos Pienas. Reach out via email: a.matuzas@zpienas.lt.

Frequently Asked Questions

What was the outcome of the Lithuanian Court of Appeal decision?

The Court upheld the Vilnius Regional Court's ruling, confirming that Žemaitijos Pienas is entitled to the full insurance compensation claimed.

How much in damages did Žemaitijos Pienas incur?

The Company reported total damages of EUR 303,993.42 due to heavy rainfall that damaged its building.

What is the role of Compensa Vienna Insurance Group in this case?

Compensa Vienna Insurance Group was the insurance provider that initially compensated only a fraction of the insured damages claimed by ?emaitijos Pienas.

Can Compensa appeal the Court's decision?

Yes, they have the right to file a cassation appeal with the Supreme Court of Lithuania.

Who can be contacted for more information?

For additional inquiries, Arnas Matuzas, the Head of Legal at Žemaitijos Pienas, is available to assist.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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