Private limited liability company in Lithuania Is a legal person with limited liability whose authorised capital is divided into shares. It may be formed for any business not prohibited by…
The public limited liability company Is a legal person with limited liability. The amount of the statutory capital of a public limited liability company may not be less than 43443…
Immovable Property 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…
Real Estate Purchases and Sales in Lithuania A purchase-sale agreement is a contract in which one party (the seller) undertakes to transfer an object (good) to the other party (the…
Real Estate Lease Agreement The Civil Code stipulates that real estate includes land and other items that are connected to the land and cannot be moved from one place to…
Address of registration of legal entities A company registration address is mandatory for legal entities. The legal entity’s registered office (address) must be indicated in the Register of Legal Entities.…
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.…
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…
Representation in government institutions Representation in state and municipal institutions arises when legal transactions or other legal actions on behalf of and in the interest of the parties to legal…
Representation of Employees and Employers in Employment Relationships: Rights, Duties, and Protection Mechanisms Employees and employers may acquire, modify, waive, or defend employment rights and obligations through representative entities. Both…
Labour legal relationships and their subjects Labour legal relationships are specific social relationships characterized by subordination. The subjects of these relationships are the employee and the employer, as well as…
Share purchase and sale Shares are securities confirming the right of their owner (shareholder) to share in the management of the company, unless otherwise provided by law, the right to…
