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Username Password Forgot ? | Register Today News Legal Updates Find a Lawyer Doing Business in Lithuania Forums Websites Search:  All Laws News Legal Updates Find a Lawyer Doing Business in Lithuania Forums   Legal Updates June, 2009 Newsletter, June 2009 The Law Firm Eversheds Saladžius Law on Financial Institutions has been amended Other news Recommendation of the European Commission on Remuneration in the Financial Services Sector has been adopted The amendments and supplements to the Law on Competition have been adopted The amendments to the laws regulating Finance Sector, have been adopted The Description of the Order of Exchange of the Documents submitted by Business Entities between Business Supervising Entities has been adopted The Law on Sickness and Maternity Social Insurance has been amended The London Protocol of the European Patent Convention has come into force The Recommendation of the European Commission on Regime for Remuneration of Directors of Listed Companies has been adopted May, 2009 Tax & Law Jurevičius, Balčiūnas & Partners Competition Energy Excise duties Financial sector Other Social insurance Tax return April, 2009 Newsletter The Law Firm Eversheds Saladžius Other News The Description of Order of Qualification Requirements for Guides has come into force The Guidelines regarding the Prevention of Money Laundering and (or) Terrorist Financing have been approved The new form submitted to the Register of Legal Entities has been approved The Regulation on Common Rules for Imports has been codified The Regulation on the Community Trade Mark has been codified The Rules on Information Disclosed to the Public by Financial Brokerage Firms and Management Companies have been amended The Rules on Licencing of the Wholesale of Tobacco and Alcohol Products have been amended The Rules on Requirements of the Adequacy of Capital have been amended and supplemented Tax & Law Newsletter Jurevičius, Balčiūnas & Partners Corporate income tax Income tax of individuals Licensing Securities Tax administration Tax return March, 2009 Tax & Law Newsletter Jurevičius, Balčiūnas & Partners Double taxation avoidance agreements Excise duties Heat supply Insurance Labour law Legal entities Other Pension contributions Stamp duties State social insurance Tax administration Tax return Value added tax Lithuania - Dominance 2009 "Raidla Lejins & Norcous" Abuse of government process Abuse of intellectual property rights Are there any rules applying to the unilateral conduct of non-dominant firms? Is your national law relating to the unilateral conduct of firms stricter than article 82? Availability of damages Does the concept of abuse cover both exploitative and exclusionary practices? Does the law cover conduct through which a non-dominant company becomes dominant? Does the legislation also apply to dominant purchasers? If so, are there any differences compared with the application of the law to dominant suppliers? Enforcement authorities Exclusive dealing, non-compete provisions and single branding Exploitative prices or terms of supply How frequently is the legislation used in practice? How is abuse defined? How is dominance defined? Impact on contracts Is collective dominance covered by the legislation? If so, how is it defined? Is dominance controlled according to sector? Is the object of the legislation and the underlying standard a strictly economic one or does it protect other interests? Is there a market-share threshold above which a company will be presumed to be dominant? Limiting production, markets or technical development Other types of abuse Predatory pricing Price and non-price discrimination Price squeezes Private enforcement Prohibition of abusive practices Rebate schemes Recent enforcement action Refusal to deal and access to essential facilities Sanctions and remedies Tying and leveraging To whom do the dominance provisions apply? To what extent do they apply to public entities? Update and trends What defences may be raised to allegations of abuse of dominance? What is the legislation applying specifically to the behaviour of dominant firms? What is the relationship between the sector-specific provisions and the general abuse of dominance legislation? What is the role of economics in the application of the dominance provisions? What is the test for market definition? What link must be shown between dominance and abuse? Latvia - Dominance 2009 "Raidla Lejins & Norcous" ‘Structural abuses’ – mergers and acquisitions as exclusionary practices Abuse of government process Abuse of intellectual property rights Availability of damages Collective dominance Defences Definition Definition of dominance Dominant purchasers Economics Enforcement authorities Enforcement record Exclusive dealing, non-compete provisions and single branding Exploitative and exclusionary practices Exploitative prices or terms of supply Impact on contracts Legislation Limiting production, markets or technical development Link between dominance and abuse Market definition Market-share threshold Non-dominant firms Non-dominant to dominant firm Object of legislation Other types of abuse Predatory pricing Price and non-price discrimination Price squeezes Private enforcement Prohibition of abusive practices Rebate schemes Recent enforcement action Refusal to deal and access to essential facilities Sanctions and remedies Scope of application of dominance provisions Sector-specific control Status of sector-specific provisions Tying and leveraging Company Law SORAINEN BELARUS. Commercial legal entities: most common forms BELARUS. General meeting of shareholders/stockholders BELARUS. Management Structure: Unitary Enterprise ESTONIA. Amendments to Commercial Code ESTONIA. Approval of financial institution procedure rules ESTONIA. Loss or profit and payments to shareholders ESTONIA.Registration with the Register of Economic Activities and renewal of registration LATVIA. Articles of association of public limited liability companies LATVIA. Dividends now tax-exempt LATVIA. Expiry of term of office of Management and Supervisory Board members LATVIA. Filing and approval of annual report LATVIA. Legal protection regime LATVIA. Necessity of an apostille LATVIA. New Company Register practice LATVIA. New incentive to retain earnings LATVIA. Sequence of the shareholders register LATVIA.Implementation of the cross-border mergers LITHUANIA. Changes in decision-making procedure of management boards LITHUANIA. Companies may benefit from facilitated procedure in change of company capital LITHUANIA. Exemptions from obligation to prepare consolidated financial statements to apply LITHUANIA. Moderation of obligation to prepare full annual financial statements LITHUANIA.Activities of companies to be facilitated LITHUANIA.Creditors to gain substantial protection in bankruptcy proceedings LITHUANIA.Cross-border merger – only for companies of the same legal form LITHUANIA.Lithuanian courts provide controversial interpretations on procedure for implementing shareholders’ pre-emptive rights in private limited liability companies News in Sorainen Sorainen legal blogging Sorainen recognised as The Best Baltic Law Firm of the Year in the PLC Which lawyer? Law Firm Awards 2009 The Financial Times and Mergemarket award to Sorainen as the Best Baltic Legal Advisor Sorainen legal update SORAINEN BELARUS. Abolition of preferential terms for share acquisitions BELARUS. Approval of list of corporations still under moratorium on transfer of shares BELARUS. Bank deposits by individuals 100% secured by the state BELARUS. Belarus National Bank forbids advance payments for imports BELARUS. Devaluation of Belarusian ruble BELARUS. New lease regulations BELARUS. Significant amendments to tax laws ESTONIA. Amendments to tax laws ESTONIA. New Employment Contract Law enters into force on 1 July 2009 ESTONIA. Registration and specific rules for commercial lotteries ESTONIA. Revolution in corporate insolvency proceedings ESTONIA. Substantial amendments to civil procedure ESTONIA. Unemployment insurance limits increased LATVIA. Case law: administrative court on construction matters LATVIA. Competition Council guidelines explain new Latvian Competition Law concept: “dominant position in the retail trade” LATVIA. Competition Council to control advertising less than previously LATVIA. Deposit guarantee amount increased LATVIA. How acceptable is price modification in procurement contracts? LATVIA. Lifeboat for companies in trouble LATVIA. New rules for commercial contracts and other amendments to Commercial Law LATVIA. Substantial amendments to tax laws LITHUANIA. Abolition of transfer of rest days occurring on public holidays to the nearest following working day LITHUANIA. Changes in management board decisionmaking procedure LITHUANIA. Compulsory health insurance LITHUANIA. Corporate income tax LITHUANIA. Personal income tax LITHUANIA. Speedier public procurement system introduced LITHUANIA. State social security LITHUANIA. The European Union Law, entitling not to apply the requirement to interpret the terms of a contract protecting the public interest of the consumer, entered into force LITHUANIA. Value added tax Tax & Law Newsletter Jurevičius, Balčiūnas & Partners Energy Information supplied to the Bank of Lithuania on compulsory grounds Other Securities Tax administration Tax returns News Press Roundup Business News

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