To send content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about sending content to .
To send content items to your Kindle, first ensure firstname.lastname@example.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about sending to your Kindle.
Note you can select to send to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
The Second Company Law Directive was implemented in the Lithuanian legal system by transposing its rules into the Law on Companies of the Republic of Lithuania (the “Law on Companies”).
The scope of the Second Company Law Directive is set to cover public limited liability companies (Akcinė bendrovė, abbreviated as “AB”), with possibility for the Member States to extend the scope of this Directive also to include private limited liability companies (Uždaroji akcinė bendrovė, abbreviated as “UAB”). When we discuss the implications of the Second Company Law Directive in the national legal system, we will identify where certain regulation applies only to AB and where to both types of limited liability companies. Where we refer to company, both – AB and UAB – should be held in mind.
Article 1(2) of the Second Company Law Directive provides that Member States may choose not to apply the rules of the Directive to investment companies with variable capital and to certain types of cooperatives. The Law on Collective Investment Undertakings of the Republic of Lithuania (the “Law on Collective Investment Undertakings”) provides that management companies, investment companies with variable capital and closed-ended investment companies are subject to the requirements of the Law on Companies to the extent that the Law on Collective Investment Undertakings does not regulate otherwise (Art. 1(5) Law on Collective Investment Undertakings). The Law on Companies provides further exceptions to the applicability of that law to investment companies with variable capital. Parts 3 and 4 of Article 22 and Articles 26, 26, 30, 30 of the Law on Companies are set not to apply to collective investment undertakings except for closed-ended investment undertakings.
In Lithuania, lawyers (attorneys) (advokatai) who are admitted to the Lithuanian Bar Association (Lietuvos advokatūra) are subject to the duty of professional secrecy. The right to appear in a court is entitled only to attorneys who are admitted to the Lithuanian Bar Association (with a few exceptions for assistant attorneys, lawyers representing their relatives etc.). Such attorneys may practise law either individually or on the basis of a partnership without establishing a legal person or by establishing a legal person (a professional partnership of attorneys). All attorneys must comply with the Law on the Bar of the Republic of Lithuania (18 March 2004, no IX-2006) and with the Code of Attorney's Ethics. All attorneys are members of the Lithuanian Bar Association, which is a public legal person domiciled in Vilnius. Lawyers may also additionally join the Lithuanian Young Bar Association on a voluntary basis, which unites attorneys and their assistants (advokatų padėjėjai) under the age of forty-five years. The Lithuanian Young Bar Association is also a member of the European Young Bar Association.
According to the Law on the Bar, an assistant attorney has all the rights and duties of attorney provided by this law, except for membership in the Lithuanian Bar Association and a few restrictions established in procedural laws. An assistant attorney is entitled to represent his/her client's interests in court only subject to the written permission of the attorney (who is the supervisor of his/her apprenticeship) for representation in a particular case. The assistant attorney may be a representative only in courts of first instance and not earlier than one year after the commencement of his/her apprenticeship as an assistant attorney. The assistant attorney is not entitled to represent in criminal cases where serious or particularly serious crimes are concerned.
Email your librarian or administrator to recommend adding this to your organisation's collection.