Právní novinky

Germany: Only half a year after implementation of a minimum wage law, documentation requirements for employers are already being relaxed. Until now the documentation requirement was limited to a monthly income of 2.958,00 EUR. As long as this threshold was not exceeded, employers were no longer subject to the strict

Lithuania: Simplified requirements will apply for a newly distinguished “micro-companies’” group. This will cover most Lithuanian companies. A company will be treated as a micro-company if at least two years in a row it does not exceed at least two of the following criteria: Property value in the balance

Estonia: Building Code gathers building regulation into one place. Estonia‘s new Building Code enters into force on July 1, 2015. The Code gathers building regulation, previously scattered across different laws, into one place. Codifying building law has been a long process: work started in 2008 and the

Lithuania: Evaluate the tax risks and tax optimization opportunities when terminating employment agreements. The State Tax Inspectorate (STI) has published an explanation regarding taxation of severance and non-competition payments. Companies paying severance and non-competition payments should note the following: Payments under non-competition agreements are more tax favourable compared to

Lithuania: 20 May 2015 the European Parliament adopted amendments to the European Regulation on Insolvency Proceedings No. 1346 (Regulation). The new amendments introduce: Easy access to national insolvency registers: a new database (European e-Justice Portal) will uniquely enable creditors, investors, business partners, lawyers, and others to check if e.g.