In today’s fast-evolving world, countries are continuously revising their labor laws to achieve the right balance between the needs of the workforce and the demands of the corporate sector. The Republic of Lithuania stands out in this regard, as its Labor Code seeks to provide flexibility in labor relations, all the while ensuring the rights of its employees are not undermined. A close examination of the Labor Code, local documentation practices, and the progressive legal shifts toward Western norms paints a comprehensive picture of the nation’s approach to employment dynamics.

Kinstellar, working with Veil Jourde, has advised Jacquet Metals on its acquisition of several distribution companies from the Swiss Steel Group. Niederer Kraft Frey and Roedl & Partner reportedly advised the Swiss Steel Group.

From January 1, 2024, the general VAT rate will increase from 20 percent to 22 percent.

Sending marketing emails is an excellent way to increase sales. Those who don’t make sales don’t do business. However, a question arises as to whether this complies with strict data protection rules. It is known that the Data Protection Inspectorate is increasingly vigilant and imposes hefty fines for violations.

Most people clearly understand the need for insurance when renting or owning real estate. However, a common problem is knowing what to consider when insuring and what to look for or remember regarding insurance policy conditions when it has been signed and damage occurs. I’ll highlight five essential nuances often overlooked by companies and individuals when insuring their rented or personal real estate, drawing from my more than 25 years of experience in insurance law.

More than two years ago, in April 2021, the European Commission presented its long-awaited proposal to regulate the use of artificial intelligence (AI) in Europe. AI is a rapidly developing group of technologies. Today, there is little doubt that these technologies have the potential to bring (and are already bringing) enormous economic and societal benefits across a wide range of industries and social activities. However, in the absence of legal regulation, these technologies can also be abused, with particularly severe consequences for both individuals and society.

Lithuania's Ilaw Lextal has announced the promotion of four of its Attorneys to Associate Partner positions – Inga Neniske, Egle Visinskiene, Ramune Saikuviene, and Neringa Gylyte – effective September 2023.

Cobalt has advised the BaltCap Private Equity Fund III and investment company Draugiem Capital on their acquisition of a majority stake in Latvia-based multi-sector production company Pepi Rer. RER Lextal reportedly advised Pepi Rer.

The due performance of obligations in Lithuania may be secured by various security instruments. Pledge, mortgage, and financial collaterals all create a right in rem for the creditor, i.e., such a security, upon due perfection, becomes enforceable against third parties and withstands bankruptcy, reorganization, and similar procedures of the security provider. Other types of collateral, such as default interest, surety, guarantee, deposits, and other instruments agreed by the parties terminate immediately upon bankruptcy, reorganization, or similar procedures of the security provider.

Lextal has advised digital asset platform Blocktrade on the launch of its new BTEX token which raised over EUR 5 million to date.

Contributed by ILaw Lextal.

On March 9, 2022, four leading Estonian lawyers sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the current state of the startup environment in Estonia and analyze its main drivers, the local startup ecosystem, and the regulatory environment shaping it.

Contributed by RER Lextal.

Contributed by ILAW Lextal.

Contributed by ILAW Lextal.