Aktuális jogi híreink

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.

How to treat overdue receivables in bookkeeping? A frequent occurrence in business dealings are receivables which remain unpaid long after they have fallen due. The possible reasons are varied: from the debtor's sheer inability to pay to willful non-payment, to disputes over the amount of the invoice. However, the consequence