SEIMAS APPROVES LONG AWAITED CHANGES

18 November, 2022 Author: GIEDRĖ DAILIDĖNAITĖ, CIPP/E

Time to celebrate – finally we have changes in Lithuanian Company Law, which are really worthy to pop champagne!

After more than a decade, long awaited liberalization was brought in, which would give much more flexibility for investors:

  • More flexibility on regulation of preferred shares
  • More flexibility in determining different issue prices of shares of the same emission;
  • Reduced minimum share capital for closed stock companies to 1000 EUR
  • More flexible payment terms for share capital;
  • And many more.

Seimas approved – signature of H.E. President is much awaited for coming into force.

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