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Publication / Augustas Klezys, Laura Matukaitytė, Lina Ragainytė-Mezenė
A new concept of the “specialised bank” was introduced into Lithuanian law on 1 January 2017. Although initially designated for implementing reform in the credit union sector, in practice this regulation serves as a basis for developing a more favourable regulatory environment for local and foreign non-banking financial companies seeking to extend the scale of […]
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Recently, significant amendments to the Lithuanian Labour Code and the Law on the Legal Status of Foreigners were approved by the Parliament. These amendments will come into force once they are approved by the Lithuanian President. In this newsletter we offer an overview of the most important changes and take a look at what these […]
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Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of financial crime laws, the latest direct action taken by the country as it seeks to implement a suite of legislative reforms. The Financial and Capital Market Commission (FCMC) announced on Monday it was issuing a penalty to the Riga-based institution […]
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Transport conglomerate Mootor Grupp is taking the Estonian state to court on the issue of compensation for free transportation of children, and people with disabilities, which it says should come from the state and not from its own coffers, Baltic News Service reports. Mootor Grupp is the parent company of Lux Express and SEBE coach […]
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