LITHUANIA Law and Practice Contributed by: Gintautas Šulija and Eduard Plešak, Šulija & Partners
3.4.10 Other Relevant Issues There are no other relevant issues that a lender should be aware of in relation to the enforcement of its in rights in Lithuania. 4. Other Issues of Note 4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft There are no other material issues and/or any mate - rial court judgments that are relevant to the purchase, sale, lease or debt finance of an aircraft registered domestically and/or involving a domestic party in Lithuania. 4.2 Current Legislative Proposals Lithuania has ratified the Cape Town Convention and additional legislative changes related to the imple - mentation of the provisions of the Cape Town Con - vention are expected shortly.
The court may order the claimant to pay a specific amount as security of future losses of the defendant in connection with the injunction or legal proceedings. 3.4.8 Judgments in Foreign Currencies A secured party may obtain a judgment in a foreign currency. 3.4.9 Taxes/Fees Payable An aircraft mortgage is enforced through non-court proceedings by a public notary making a respective executive entry. A secured party shall pay the notary fee, which should not exceed EUR500. If security is enforced through court proceedings, a secured party should expect the court fees and bailiff fees. The amount of court and bailiff fees depends on the nature and the amount of claim, but should gen - erally not exceed EUR30,000 in total. The amount of legal fees related to the enforcement is subject to an agreement between the lessor and the local law firm.
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