Vilnius Arbitration (VCCA): British Fintech Company Defense in Software Development Dispute

International Commercial Arbitration

Situation

A British fintech company faced potential losses of €300,000 after a developer failed to deliver the commissioned fintech application despite substantial advance payments. The breach threatened critically important product launch deadlines.

Solution

We initiated arbitration proceedings at the Vilnius Commercial Court of Arbitration (VCCA) under a software development contract governed by English law, seeking full recovery of payments made plus interest for the delay period. The respondent filed counterclaims seeking additional development payments.

Key Legal Actions

  • VCCA arbitration initiation under English law-governed contract
  • Full recovery claim for €300,000 in advance payments
  • Interest claims for delivery delay period
  • Defense against respondent’s counterclaims for additional payments
  • Comprehensive evidence presentation and legal argumentation

Result

We successfully represented the British fintech company and secured full financial recovery of damages amounting to approximately €300,000 plus arbitration and legal costs. Successfully rejected all respondent’s counterclaims.

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Cases:

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