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Doing Business Guide in the Baltics.
11.12.2014
Successful business model or brand may be leased to another party for period of time; this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of the brand...
08.12.2014
Prohibited agreements
The Competition Law prohibits and proclaims null and void all agreements...
04.12.2014
Ministry of Justice in Estonia have proposed that starting from 2016 failure to submit annual reports on time would lead to fines. Also, Ministry...
03.12.2014
Following January 1, 2015 all the companies registered in Lithuania are imposed with obligation to change their share capital as the country...
26.11.2014
Mergers, divisions and changes in the form of Latvian companies fall under the reorganization rules. Information further covers the main legal and...
24.11.2014
Framework of commercial competition in Estonia is provided in the...
19.11.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great way to reduce and optimize costs and taxes. The most common question is: which country (or city) to...
10.11.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great way to reduce and optimize costs and taxes. The most common question is: which country (or city) to...
06.11.2014
Successful business model or brand may be leased to another party for limited amount of time, this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of...
28.10.2014
The Latvian government introduced in August a new regulation enabling Latvia’s lotteries and gambling regulator to...
27.10.2014
Mergers and acquisitions form a part of corporate reorganizations. Reorganization is the process that terminates the legal person without liquidation. It shall be noted that reorganizations should...
13.10.2014
Annual reports
The length of a financial year is estimated to twelve months (one calendar year, unless provided otherwise). There are several cases where the financial year may be shorter or longer than the previously mentioned term,...
07.10.2014
The main sources for false advertising claims are the Advertising Law and the Unfair Commercial Practice Prohibition Law. The Advertising Law prohibits misleading advertisements and contains general requirements for...
29.09.2014
Accounting records
According to laws, accounting records shall clearly display the transactions and financial results of a company, and it shall give a true and fair view of its financial...
24.09.2014
As businesses grow internationally and companies are trying to offer their products worldwide, contracts of distribution become a valuable tool. With these contracts producers or suppliers can ensure that...
17.09.2014
Following the European Union decision, Lithuania will become the 19thMember of Eurozone from 1stof January 2015. Official currency exchange rate set by the...
16.09.2014
Insolvency of an enterprise means the state of an enterprise when it fails to settle with the creditor/creditors and the overdue liabilities/debts are in excess of over a half of the value of the assets on the enterprise's...
15.09.2014
Electronic money institution in Lithuania shall receive a license according to the provisions of the Law on Electronic Money and Electronic...
03.09.2014
To provideelectronic money institution servicesLimited Liability Company or Joint Stock Company have to be registered in Latvia, with...
02.09.2014
Arbitration is not a novelty way to resolve disputes, however in recent years it has been gaining momentum in Lithuania. The main reason for this...