| Abstract [eng] |
In Lithuania, as in other European Union countries, groups of companies are an integral part of the modern economy. It is the companies belonging to the groups of companies that are leading ones in Lithuania in terms of various economic indicators: revenue, number of employees, amount of taxes and other contributions paid. In Lithuania, although some aspects of group regulation have been examined, this has been done for quite a long time and the main focus has been on protection of the interests of the subsidiary's creditors and the analysis of group insolvency issues. The task of the research is to assess whether the existing Lithuanian company law, including the case law interpreting it, is reasonable, in the sense that it does not recognise the interest of the group, and whether it is sufficient to ensure protection of the rights of the minority shareholders of the subsidiary private limited liability company (the right to information, the right to apply to the court to initiate an investigation into the subsidiary's activities, the right to dividends, the right to withdraw from the subsidiary). |
