Distribution of interim dividends in Lithuania

  • 2012-05-02
  • By Donata PundinaitÄ—, 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...
 
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