Statute of Limitations in Lithuania: Legal Overview
Legal Framework Limitation periods in Lithuania are governed by Articles 1.124–1.139 of the Civil Code of the Republic of Lithuania.
27 February 2026
Legal Framework Limitation periods in Lithuania are governed by Articles 1.124–1.139 of the Civil Code of the Republic of Lithuania.
Legal Framework Security rights in Lithuania are primarily governed by the: Civil Code of the Republic of Lithuania; Law on
When can you dismiss staff as part of a reorganization? Employee dismissal is allowed for economic reasons, such as: Deteriorating
What types of companies can be formed in Lithuania? The most common types of business entities in Lithuania are: UAB
What are the different types of (court) procedure in case of a commercial dispute? In Lithuania, commercial disputes can be
Identify the economic reason for dismissal Dismissal on economic grounds must be based on real and objective business needs. According
Legal Due Diligence Before Purchase Inspect the property physically: The buyer should inspect the property for visible defects. Under Lithuanian
1. Understanding the Legal Framework: Before initiating the termination process, it is crucial to understand the legal framework that governs
1. What types of employment contracts are recognised in Lithuania? Types of employment contracts are recognized in Lithuania: 1) employment
1. How can we divorce in Lithuania and where? In Lithuania, a marriage can be dissolved in the following ways:
1. What does a debt collection process in Lithuania look like? In summary, the debt recovery process consists of the
1. When are you declared bankrupt? Two different Laws regulate the legal aspects of bankruptcy procedures: bankruptcy procedures of a
Public liability company (in Lithuanian: “akcinė bendrovė” or abbreviation “AB”) minimum share capital must be not less than EUR 40,000.00; hares
At present, the European countries each apply their own national rules regarding inheritance law. That will change from 17 August
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