March 19 2007
On December 27 2006 the new regulations on the use of the word 'Lithuania' in the names of legal entities or their branches or representative offices, which was adopted by the government in Decision 587/2004, entered into force.
The regulations introduce two main changes. First, the word 'Lithuania' may not be used in the names of legal entities in languages other than Lithuanian. Second, permission to use the word 'Lithuania' may be granted only to existing legal entities, except in the case of branches or representative offices of well-known foreign legal entities or legal entities using the names of well-known foreign legal entities.
The cases where permission of the minister of justice is not required have remained essentially unchanged. Permission is not required where (i) public entities are established, and (ii) a name which has already received permission is transferred to another legal entity or its branch or representative office.
Under the new regulations, legal entities must file (i) the documents explaining why it is necessary to use the word 'Lithuania' in their name, and (ii) their documents of incorporation or the regulations of their branch or representative office (where permission is requested to use the word 'Lithuania' in the name of a branch or representative office). The decision to start using the word 'Lithuania' in the name of a legal entity must be made by the body of the entity which is competent to make such decisions.
The assessment of applications to use the word 'Lithuania' in the names of legal entities has remained essentially unchanged.
For further information on this topic please contact Inga Lukauskiene at METIDA Law firm of Reda Zaboliene by telephone (+370 5 2490 830) or by fax (+370 5 2490 833) or by email (email@example.com).
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