Distribution of interim dividends in Lithuania

  • 2012-05-02
  • By Donata Pundinaitė, Associate Lawyer
ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora(continued from previous  issue)A company must be able to fulfil its financial obligations after the distribution of an interim dividend;The intermediate financial statement of the company has to be approved by the shareholders;The decision to contribute an interim dividend is approved if 2/3 of votes from the shareholders that are taking part in the general meeting accept the draft decision on the interim dividend. Different procedures might be provided in the articles of a particular company;T...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section