A guarantee is one of the most frequently used securities. In the case law and in legal acts of Lithuania, 2 types of guarantees are distinguished: the conditional guarantee, where the guarantor is on..
One of the highest returns on investments in real estate may be expected in the cases where an acquired neglected real estate item is regenerated. However, not only renovation of property requires sub..
Summary Following the latest case law of the Supreme Court of Lithuania (held on 12 Feb 2016) it is not enough to state that an employee cannot work for a competitor during their employment. It is nec..
With the Law on consumer insolvency in Lithuania (the “Law”) having come into force only in March 2013, following its adoption in May 2012, and in light of the now proposed amendments to the Law, we f..
Summary In a recent liability case the Supreme Court of Lithuania emphasized that the mere fact that a person works in a company governed by their spouse does not mean a breach of loyalty obligations..