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Amendments to regulations on notification of concentration clearance in Lithuania. Concentration clearance permits will be required less frequently

Amendments to regulations on notification of concentration clearance in Lithuania. Concentration clearance permits will be required less frequently

As from 1 January 2018 the intended concentration must be notified to the Competition Council of the Republic of Lithuania and its permission must be obtained where the combined aggregate turnover of the undertakings concerned in the business year preceding the concentration is more than EUR 20 mln. and the ... Read More »

New case law trend: the director of the company shall be liable for the damage suffered by the employee in the event when the company went bankrupt

New case law trend: the director of the company shall be liable for the damage suffered by the employee in the event when the company went bankrupt

The Supreme Court of the Republic of Lithuania developed interpretation of provisions of the Tort law providing more guarantees to the employee injured at work in case when company (the employer) went bankrupt and extended regulations of company director liability. The Supreme Court found that in case of indirect liability ... Read More »

As from January 2015 – new amendments to the Civil Code of the Republic of Lithuania, which extend the requirements for notarial form of transactions.

As from January 2015 – new amendments to the Civil Code of the Republic of Lithuania, which extend the requirements for notarial form of transactions.

Lithuanian Parliament adopted amendments to the Civil Code (Project No. XIIP-248 (2), limiting the possibilities for initiating false fraud-related criminal offenses and aligning the provisions of the Civil Code with the introduction of the euro in Lithuania. Together with the aforementioned changes in the Civil Code, laws amending the Law ... Read More »

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