In 2008-11-11 new amendments of the Law on Companies of Republic of Lithuania have been approved. The main changes are discussed here.

Firstly, the general provision that the terms of reorganization of the limited liability companies being reorganized must be evaluated by firms of auditors has now new exception – if all shareholders who are entitled to vote agree that the terms of reorganization should not be evaluated by firms of auditors.

An employment contract is one of the main ways to implement a human right to work. Therefore it is extremely important to establish legal safeguards, which help to maintain the stability of the employment relations. Often common offenses are noticed during the reorganisation of an enterprise.