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On December 23, the SCL confirmed the judgment of the Court of Appeals of February this year, which was unfavorable for V. Kučinskas, and also reversed the temporarily suspended debt collection in favor of Belor.
Belor claims the debts in accordance with the promissory note issued by Arvi ir ko in January 2016. V. Kučinskas, according to Belor, is his guarantor, and the promissory note expired in April 2016. At that time, V. Kučinskas stated that he did not he was the guarantor of the bill, as he signed it only as chairman of the board of Arvi ir ko, approving and allowing the company to issue the bill.
Both the SCL and the court of first instance rejected the arguments of V. Kučinskas, noting that they did not correspond to the clear note of the bill, which explicitly states that “the payment of the amount indicated in this bill is guaranteed by a guarantor “, and this publication is handwritten by V. Kučinskas. name and signature.
“The panel of judges, having assessed the motives of the courts of first instance and appeal, (…) has no reason to disagree with the courts’ conclusion that V. Kučinskas signed Arvi ir ko on the promissory note uncontested issued on January 6, 2016 as guarantor of the promissory note, “in order.
Belor is one of the companies seeking to recover millions of debts from V. Kučinskas and his companies. Earlier it was reported that the Russian bank Alfa Bank is trying to recover about 20 million V. Kuchinsky through the courts. debt in euros. Laurynas Lukošiūnas, the bank’s lawyer and Sorainen’s partner, has stated that the total amount of Arvi Group’s debt with international creditors can reach more than 40 million. euros.
Mr. Kučinskas was arrested in Slovenia in July at the request of Russia, where he is accused of fraud. In early August, the Lithuanian Prosecutor General’s Office requested from Slovenia the transfer of V. Kučinskas to Lithuania, as the Kaunas Regional Prosecutor’s Office is conducting a pre-trial investigation in which V. Kučinskas has the status of a suspect.
In mid-November, V. Kučinskas was returned to Lithuania and released for 20 thousand. On December 23, the Kaunas Regional Prosecutor’s Office terminated the pre-trial investigation after concluding that no crime had been committed. This decision has not yet entered into force and is subject to appeal.
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