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Amicable Settlement in Multi-Million Euro Construction Lawsuit

Summary by vol.at
Seller takes back house with alleged water damage and pays back a large part of the purchase price.
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Seller takes back house with alleged water damage and pays back a large part of the purchase price.

In a seven-year-old dispute, the court ruled that Axis Industries, the company that built the Klaipėda basin, must pay the city municipality EUR 560,284 in damages for defects in the work. This is not a final decision, and the parties can still appeal it.

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vz.lt broke the news in on Monday, May 26, 2025.
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