Law No X-1580 of 5 June 2008 Amending Articles 1, 57 and 72 of the Law on Companies of the Republic of Lithuania (Official Gazette (Valstybės Žinios), No 712706).
The Law amended the Law on Companies of the Republic of Lithuania in respect of the shareholders obtaining convertible bonds on a pre-emptive basis and to the finishing of the company reorganization and private company takeover bidding.
The Law came into force on 21 June 2008.
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Law No X-1540 of 15 May 2008 Amending Articles 13, 15, 24, 34, 39, 44, 49, 51, 52, 53, 54, 56, 60 and Annex of the Law on Companies of the Republic of Lithuania and Supplementing it with Article 451 (Official Gazette (Valstybės Žinios), No 632378).
The Law amended and supplemented the previous Law on Companies, related to economic rights of shareholders, capital composition, equity interest, transfer of shares, the increase in statutory capital from the companys resources or by additional contributions, statutory capital reduction, the purchase of bonds on a pre-emptive basis and regulating the allocation of profit (loss).
The Law was supplemented with the new Article, which settled the basis for payment for the shares by non-cash contributions, but by the companys increase of statutory capital.
The Law came into force on 1 July 2008.