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Doing Business Guide in the Baltics.
16.11.2017
The new Lithuanian Labor Code fixed wide range of employment agreements in Lithuania, which makes employment relations very convenient both for employer and employee. Below you can find the most significant information...
08.06.2017
Option is defined as a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a...
12.01.2017
The program ‘Newcomer’ introduced by the Central Bank of Lithuania The Central Bank of Lithuania has made a...
25.10.2016
Priority right to buy agricultural land in Lithuania Priority right who are able to buy private agricultural land for the asking price is set in the following sequence: Land plot co-owners; User of on sale...
23.09.2016
To obtain work permit in Lithuania for EU citizensthere are no restrictions. However for Non-Nationals in Lithuania to get the employment permit there are certain procedures. Foreigners in Lithuania should first find an employer...
19.09.2016
Lithuanian rules on Permanent Establishment stipulate requirements on a company acting through agent/representative, construction sites or using natural resources. Contradictions...
08.09.2016
Reinstatement of citizenship in Lithuania Recently Lithuanian government has enacted a new amendment to the Law on Citizenship of Lithuania. A new amendment eases path to reclaim citizenship in...
29.08.2016
Likelihood of confusion for trademarks in Lithuania is one of the main reasons for trademark disputes. This is due to the reason that new applications for registration are made without ensuring that no similar of identical...
15.07.2016
Nejběžnějsí formou společnosti vyskytující se v Lotyšsku je společnost sručením...
27.06.2016
Since the restoration of the independence in 1990 Lithuania has been firmly applying the principle of prohibition of double citizenship. There are, however, exeptions that allow eligible...
09.06.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012. MB is not required to have a minimum share capital, thus a micro company may be established with 1 EUR or any other tangible property...
04.03.2016
Following the Rules of Retail adopted by the Government of the Republic of Lithuania, the seller has the obligation to exchange the goods or return the money to the...
13.01.2016
Part 3 Register the transfer of title to the property in the Real Estate Register According to the Lithuanian law, the registration of...
11.01.2016
Part 2 Request for clarification and revision of cadastral and registration data For the execution of the sale-purchase agreement a notary...
08.01.2016
Part 1 This real estate guide gives an overview introduction to the key requirements when buying or selling real estate in Lithuania. This article is...
26.11.2015
The Code Administrative Offences will enter into force April 1, 2016. The Code establishes fines for CEOs...
30.10.2015
Exceptions to Constitutional prohibition Lithuanian citizenship law of 2010 provides that persons who have right to reestablish Lithuanian citizenship shall renounce their current citizenship. This is general...
10.06.2015
Protecting EU market from counterfeit products is a constant struggle. For this reason, new systems to protect intellectual property right holders are...
26.02.2015
According to the Law on Citizenship, persons whose ancestors were citizens of Lithuania have a right to reinstate their citizenship. But what seems as a simple administrative procedure, can...
10.02.2015
Procedures For Terminating the Agreement In all cases the termination of an employment contract must comply with the...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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