Aktuaalsed õigusteemad

Recast Insolvency Regulation affects cross-border insolvencies as of 28 June 2017. The Recast Insolvency Regulation (EU) 2015/848 applies to insolvency proceedings commenced on or after that date. It is directly applicable in all EU member states (except Denmark). Here is a short description of the key changes in the

The insolvency court may decide matters that fall within the competence of the creditors’ meeting if the creditors’ meeting deliberately avoids taking necessary decisions and thus delays the insolvency proceedings. On 12 May 2017 the Lithuanian Supreme Court developed a new legal rule in insolvency cases. The rule aims at

Legal changes set new requirements that affect and complicate purchase of real estate by foreigners. As of 1 July 2017, new regulations are in force affecting the purchase of agricultural land. Some old provisions were deleted, such as requirements for companies to earn a certain proportion of their revenues from

The new Labour Code comes into force from 1 July 2017. Two weeks ago the President of Lithuania confirmed the final amendments to the Code. This means that the content of the new Code is now fully clear. In turn, all employers must make appropriate changes to internal and external

Don't forget to enter your financial statements in the public roll of deeds, lest you commit an administrative offense under the Accounting Act Companies which are registered in the Commercial Register must lodge with the roll of deeds their financial statements or their assets and liabilities statement and annual report.