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Deals & Cases / Augustas Klezys, Laura Matukaitytė, Inga Macijauskaitė
We advised Best Finance on establishing a company in Lithuania and obtaining a payment institution licence from the Bank of Lithuania. Best Finance plans to provide money remittance services in Lithuania and other EU Member States. Our team consisted of partner Augustas Klezys and senior associates Laura Matukaitytė, who advised the client on regulatory licensing matters, […]
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When public entities get involved in business, private companies may face an unequal contest. The rules of combat are affected by advantages enjoyed by public entities or companies that they establish ‒ advantages that private companies do not enjoy. Some indicators of how to recognise a public entity that distorts competition and the unfair behaviour […]
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Deadline approaching for filing annual reports with the State Revenue Service (SRS). The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies to file with the SRS an annual report ‒ approved by the shareholders’ meeting ‒ no later than one month after approval and no later than four months after the […]
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We assisted pharmaceutical company Oribalt in concluding a logistics terminal development and lease contract with Baltic Sea Properties. Norwegian real estate investment company Baltic Sea Properties will develop a property with a total area of 6,500 m2 designed for Oribalt needs. Long-term lease Baltic Sea Properties and Oribalt signed a long-term lease contract. Baltic Sea […]
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Publication / Raivo Raudzeps
Amendments to the Public Procurement Law came into force on 13 March. The main changes to be noted: Exceptions to application of the procurement procedure In Section 5, the amendments provide an exemption from the statutory procurement procedure for the following services, if the contract price under the procurement contract is less than 144,000 EUR: expert […]
