Blog

There are plenty reports in the press stating it is really easy to dismiss executives. This topic has become especially hot lately, as the turnover of executives of global corporations has increased and Lithuanian companies are following suit. Read more

There are two possible reasons why you are reading this article: first, you are generally interested in management of companies or second, you have been asked to join a company board. Many of you are most probably at the peak of your careers. You might have even been asked to join not one but multiple Read more

Cameras can be found on almost every street corner, near building entrances as well as indoors, and we are greatly accustomed to their presence. However, using cameras is regulated to a much wider extent and in greater detail than one would think at first glance. As for legal regulation, we must address the General Data Read more

Just as buying a home is a major investment for the average person, buying business property is a major investment for a company. Property transactions take a great deal of time and money to complete, and require the buyer to take the utmost care not to do the equivalent of stepping on a rake. This Read more

It is important for the founders of start-ups to devise a long-term development strategy for their new business, that should include the strategy for the implementation of protection of the intellectual property rights of the start-up as the necessary element, if not one of the first ones. Read more

Riigikogu has finished the first reading of new draft Money Laundering and Terrorist Financing Prevention Act (MoneyLPA) and draft State Fees Act Amendment Act (8 SE I), which should be considered by so-called cryptocurrency undertakings authorised to operate in the area of providing services of exchanging a virtual currency against a flat currency or providing Read more

A bit more than a year ago, on 25.05.2018, new rules for data protection, i.e. the General Data Protection Regulation of the European Union (GDPR) was applied. Below are described five main events which occurred within the past year regarding the application of the EU Regulation. Read more

Lithuania continues to strengthen the business development environment for start-ups and helps them become stronger and more successful in the Lithuanian market. Read more

In May 2019, amendments to the Law on Taxes and Duties will enter force prohibiting cash payments in real estate transactions. The amendments aim to reduce the grey economy and restrict cash circulation, undercut potentially fraudulent transactions and money laundering. These amendments complement the existing legislation, which limits cash transactions above EUR 7200 threshold. This Read more

At the end of March 2019 the draft law to amend the Law on the Prevention of Money Laundering and Terrorism Financing was prepared. The amendments provide series of changes, including granting Latvian Register of Enterprises additional rights to verify company’s true beneficiaries, as well as to register a warning if indicated information regarding such Read more