Legal Services For Business

Formation of contract

Read more about the article Formation of contract
Formation of contract

The contract is between two or more persons to create, modify or terminate the civil legal relations, when one or more persons to commit to another person or persons to perform certain actions (or refrain from certain actions), and the latter acquires a right to claim. Parties are free to enter into contracts and discretion to determine the mutual rights and duties of the way that does not contradict the law. Another person can’t be compelled to conclude a contract,…

Instituting Bankruptcy Proceedings

Bankruptcy in Lithuania - the state of an insolvent enterprise where bankruptcy proceedings have been initiated in court or the creditors are performing extrajudicial bankruptcy procedures in the enterprise. Bankruptcy proceedings means a civil case opened in court over disputes arising from legal relations connected with bankruptcy. Bankruptcy proceedings shall be instituted if the court establishes the presence of at least one of the following conditions:   the enterprise is insolvent; the enterprise has made a public announcement or in…

Legal Services for Business

The vast majority of services are provided in the business sector where we provide all types of assistance from the creation of a business idea to its implementation: setting up a company; providing complete service; drafting business plans; accounting; legal services; banking; representing clients in organizations and institutions etc. We have accumulated invaluable experience in successfully solving various business issues, such as: deals in oil trade, strategic issues for Lithuania in the energy field, medical supply wholesale, representation of clients…

Real Estate separation in Lithuania

Read more about the article Real Estate separation in Lithuania
Real Estate separation in Lithuania

Property is classified as movable and immovable. Immovable objects is generally land and other items that relate to the land and can not be moved from one place to another without changing their purpose and considerable reduction of their value (buildings, equipment, plantations and other items in accordance with the purpose and nature is immovable). Land is a major immovable object. All immovable objects must be registered in the public register, only identified (statutory procedures) objects will be registered. Immovable…

Real estate purchase and sale transactions in Lithuania

Read more about the article Real estate purchase and sale transactions in Lithuania
Real estate purchase and sale transactions in Lithuania

Sales contract where one party (the seller) undertakes to transfer the item (product) to another party (the buyer) the property or trust, and the buyer undertakes to accept the item (product), and pay for it the sum of money (the price). Real estate shall be considered acording to law: land; buildings; flats in apartment buildings; the premises. Real estate purchase and sale contract must be in notary form. The real sale-purchase contract must include the price of the item for…

Real estate rent, pledging in Lithuania

According to the lease agreement of the parties (lessor) undertakes to give the tenant an object to temporarily manage, and use it for a fee, while the other party (the lessee) undertakes to pay the rent. Land lease agreement must include the following:   The ground lessor; land tenant; The ground lease object data recorded in the land register and the public register; The land lease term; The primary purpose of land use; rented out land-based facilities conditions of use…

Providing the address of registration

Company’s address of registration is required for all legal persons. It must be registered in the Register of Legal Persons. We can provide such address for your company. Legal person’s head office is considered a place registered in the Register of Legal Persons. If registered address of legal person in the Register of Legal Persons doesn’t match the permanent place of head office, a place where head office is should be considered legal person’s head office. We provide virtual registration…

Employment, dismissal, disciplinary sanctions

The right to work is one of the fundamental human rights that is enforced by the Constitution of the Republic of Lithuania. An employee is an individual with legal capacity. Legal capacity refers to a person's ability to have the rights and duties. It is a permanent and necessary to each individual state. Foreign citizens and persons without citizenship, permanent residents of the Republic of Lithuania, have the same legal capacity as all citizens of Lithuania. Employee acceptance Persons entitled…

Representation at bailiff’s office during recovery

Read more about the article Representation at bailiff’s office during recovery
Representation at bailiff’s office during recovery

The representation is civil legal relationship that arises between representative and the one who’s being represented. A bailiff shall be a person authorised by the State, empowered by it to perform the functions of enforcement of writs of execution, to make material ascertainments on the factual circumstances, to serve proceedings and carry out any other functions provided by law. A bailiff may provide the services set forth in this Law unless this interferes with the performance of the bailiff’s functions.A…

Representation in state and municipal institutions

Read more about the article Representation in state and municipal institutions
Representation in state and municipal institutions

Relationship of representation arises when, on behalf of interest of the person, legal actions are performed by other person, a representative. Representatives act on behalf of the representative and so the representative becoms a party of legal action, it is to him, and not representative that will have consequences. In Lithuania Civil Code Article 2.132 states that individuals have the right to transact through their representatives, but there are also a kind of transactions which can not be made through…