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Memorandums
03.08.2010

Memorandum on Reporting Obligations for Independent Supplier of Electricity
15.01.2010

Memorandum on Trade Barriers Regulation
 Enforcement of rights and obligations under international multilateral and bilateral agreements between the European Union and its trading partners traditionally is reserved for the European Commission. However, for more than a decade now, the Trade Barriers Regulation provides a possibility for EU businesses to bring complaints directly with the Commission in order to have illegal foreign trade practices removed.

27.10.2009

Memorandum Regarding Recognition and Enforcement of the United States Arbitral Awards and Court Judgements in Lithuania
 In Lithuania the US arbitral awards and court judgments may be enforced only after they are recognised and authorised for enforcement by the Court of Appeals of Lithuania. If there is no need to enforce an arbitral award or court judgement, a party may only request the court to recognize the award or judgement. Under no circumstances the US court judgments or arbitral awards are reviewed on the merits of the case; they are only verified for the presence of certain conditions that may constitute the grounds for non-recognition of a particular court judgment or arbitral award.

04.08.2009

Memorandum Regarding Recognition and Enforcement of Belarusian Arbitral Awards and Court Judgements in Lithuania
 In Lithuania Belarusian arbitral awards and court judgments may be enforced only after they are recognised and authorised for enforcement by the Court of Appeals of Lithuania. Under no circumstances Belarusian court judgments or arbitral awards are reviewed on the merits of the case: they are only verified for the presence of certain conditions that may constitute the grounds for non-recognition of a particular Belarusian court judgment or arbitral award.

20.04.2009

Memorandum on Autonomous Tariff Suspensions and Quotas
 As a general rule, any product entering for free circulation to the European customs territory, which also includes the territory of Lithuania, is subject to payment of applicable customs duties under the Common Customs Tariff. The Treaty Establishing the European Community (the “EC Treaty”) and, in particular, its Article 26 however provides for the possibility to alter or suspend normal customs duties applicable to certain imported goods.

20.04.2009

Memorandum on Licensing and Authorisation of Electricity Supply, Import and Export Activities in Lithuania
 The Lithuanian electricity energy sector is based on the system of licences and authorizations, the grant procedures of which are mainly laid down in the Rules on Licensing in the Electricity Energy Sector (the “Rules on Licensing”) as well as the Rules on the Grant of Authorizations in the Electricity Energy Sector (the “Rules on Authorisations”).

16.04.2008

New Perspectives for Development of Shipping Business in Lithuania
 Recently, Lithuania has ratified the International Convention on Maritime Liens and Mortgages 1993 (the “Convention”).which will come into force from 1 May 2008. The late ratification of this Convention was one of the obstacles in further development of shipping business in Lithuania.

06.09.2006

Memorandum on Registration of Seagoing Ships in Lithuania
 The main legal acts regulating the registration of seagoing ships in Lithuania are the Law on Merchant Shipping, the Rules for Registration of Seagoing Ships in Lithuania approved on 4 July 2005 by order No. 3-301 of the Minister of Transport and Communications, and the Decision of the Government of Lithuania “On the Register of Seagoing Ships of the Republic of Lithuania”.

25.08.2006

Memorandum on Mortgage of Seagoing Ships in Lithuania
 The ship mortgage is the security interest in a ship securing the performance of existing or future debt obligation where the mortgaged ship is not transferred to the creditor. In order to have the ship mortgaged in Lithuania, she must be registered at the Register of Seagoing Ships of the Republic of Lithuania.

27.04.2006

Memorandum regarding application of interim measures in judicial proceedings and arbitration
 A person addressing the court or arbitration is entitled to apply to the court for interim measures in order to effectively protect his rights and create a real opportunity for enforcement of a future court judgment or arbitral award.

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