September 08 2003
The Ministry of Economy recently announced a proposal to amend the Law on Companies. The first article of the amended law states that its provisions are compatible with the relevant EU regulations. The draft contains the following new provisions:
In addition, the draft includes regulations on the establishment and liquidation of branches of foreign companies.
The proposed date of entry into force is January 1 2004.
For further information on this topic please contact Nerijus Jurkus at Jurevicius, Balciunas & Partners by telephone (+37 0 5 2742 256) or by fax (+370 5 2742 444) or by email (firstname.lastname@example.org).
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