In a significant legal decision, the Lithuanian appellate court reviewed appeals made by the founders of the company 'Mportas', M. Petroševičius and M. Čaplinskas, regarding the ruling of the Vilnius Regional Court concerning the intentional bankruptcy of their company. The appellate court confirmed the findings of the lower court, stating that the bankruptcy was indeed intentional, with both individuals being responsible for orchestrating the situation to their advantage. The court's decision not only reinforces the legal accountability of business owners but also serves as a cautionary tale for entrepreneurs in Lithuania regarding ethical practices in business operations.

'Mportas', established in November 2018, was engaged in the import of goods from other countries. The founders, who each held 50% of the company's shares, led it under the guidance of M. Petroševičius as the CEO since January 2019. Despite the company's initial operations, a series of mismanagement and questionable practices led it toward bankruptcy, which the court now categorically ruled as intentional fraud. This ruling emphasizes that entrepreneurs cannot evade legal consequences for reckless or deceitful business strategies.

This ruling raises important questions about corporate governance and responsible entrepreneurship in Lithuania. It highlights the judicial system's role in upholding business integrity and ensuring that individuals cannot exploit legal loopholes for personal gain. By confirming the earlier ruling, the appellate court reinforces the necessity for transparency and honesty in business conduct, setting a precedent for future cases involving corporate bankruptcy and fraud in the country.