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    Legal Updates

    <<Go back |  Index
    Tax & Law Newsletter-December
    Baltic Legal Solutions Lithuania
    January, 2009
    All articles
    <...>
    Energy

          Law No X-1767 of 6 November 2008 Amending Articles 2, 4, 6, 16, 17, 21, 27, 28 and an Annex of the Republic of Lithuania Law on Energy and Supplementing it with Article 7(1) (Official Gazette (Valstybės Žinios), No 135-5228).

          

          Most of the amendments to the Law were related to National Control Commission for Prices and Energy: Commission’s accountability to the Seimas of the Republic of Lithuania was established, the procedure of Commission decision making was amended, additional functions of the Commission were established relating to imposing of pecuniary fines and to the control of effective separation of financial reporting, defined in EU legal acts, types of fines imposed by the Commission were settled and the procedure of imposing them, etc.

          

          The Law was supplemented with a specific provision, which states that the procedure of issuance, amendment, suspension and nullification of energy activity licences shall be provided by laws on energy or other laws.

          

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