In 2007, Lithuanian brewing company Alita, jointly with Sweden’s United Nordic Beverages, purchased a controlling stake in BIP (Beogradska Industrija Piva) from the Serbian Privatization Agency, that in early 2010 accused the companies of failing to meet their investment commitments and buy out minority shareholders and, terminated the privatization contract. In November of the same year, it filed a claim for damages totaling 67.8 million euros with Serbian arbitration.

It is now confirmed that, after 10 years of battle, the Supreme Court of Cassation set aside the Final Award issued by the Foreign Trade Arbitration Award, and eventually released the client on a commitment to settle a significant amount of the contractual penalties. A huge victory for the Lithuanian client Alita.