Highlights

On the 1 May 2012 the amended draft of the Law on Competition came into force

On 24 January 2012 the European Court of Justice adopted a preliminary ruling in respect of interpretation of Article 7 of the Working Time Directive 2003/88 and the conflict between national and EU law.

For the first time, the Supreme Court of the Republic of Lithuania heard on the recognition and enforceability in Lithuania of judgments regarding insolvency proceedings of a natural person handed down by a court of the other EU Member State.

Sale of shares of an Italian company

Moving forward with mediation in administrative cases: proposal on administrative settlement agreements

On 20 February 2012 the Supreme Court of the Republic of Lithuania adopted a decision concerning termination of labour relations after the transfer of business or its part.

Case C‑360/10, SABAM v. Netlog NV - social networks cannot be forced to monitor and filter stored information

New rules on bonuses and dividends came into force.

Lease of four Bombardier CRJ-200LR to a Russian airline

For the first time in its practice the Competition Council of the Republic of Lithuania has imposed a fine on an entity for not rendering information, which was essential for the ongoing investigation.