Print page Send link

Legislative proposal in the field of Lithuanian corporate law

30 Aug 2012

On August 29, 2012 a legislative proposal on amending the Law on Companies was registered in the Parliament of the Republic of Lithuania. It is proposed that the decisions of the board shall be adopted only by a simple majority of votes given, whereas current legislation provides for a possibility to state in the Articles of the Association that a qualified majority of votes is required for a decision to be adopted. The legislative proposal is intended to simplify the decision-making procedures of the board and thus to ensure that important and urgent matters are resolved more quickly.

Draft law on amending the Law on Companies can be found by following this link.

Back to the news list

Highlights

Lithuania: Key Tax Changes Effective 1 January 2026

2 Jan 2026

As from 1 January 2026, Lithuania isimplementing a wide-ranging tax reform

Advising on Cross-Border Sale and Delivery of Legacy 650 Business Jet

2 Oct 2025

Šulija & Partners supported the successful cross-border sale and delivery of an Embraer business jet, acting as joint legal counsel from LOI to closing

Sulija & Partners Advises GetJet Airlines on high profile ACMI contract

1 Oct 2025

Šulija & Partners supports GetJet Airlines in strategic capacity deal with Etihad Airways

Client Alert: Fly PLAY hf. Ceases Operations and Cancels Flights

29 Sep 2025

PLAY Ceases Operations: What Passengers and Creditors Need to Know?

More news...

Šulija Partners Law Firm Vilnius, registered office Jogailos street 11, Vilnius, LT-01116, Lithuania, fax +370 52051926, e-mail: info@SulijaPartners.com

Contact details | Sitemap | Know your customer | Privacy policy | Feedback | Links | Terms and Conditions | Attorney advertising | Copyright Back to the top