December
28

REORGANISATION CONTINUES

The terms and conditions of the reorganisation of the Public Institution Versli Lietuva (Enterprise Lithuania) were prepared pursuant to Resolution No 1092 of the Government of the Republic of Lithuania of 15 December 2021. This was on the consent to reorganise the Public Institution Enterprise Lithuania and Order No 4-1414 of the Minister of Economy and Innovation of the Republic of Lithuania of 23 December 2021.

The reorganisation will be carried out according to the terms and conditions prepared by merging the Public Institution Lietuvos verslo paramos agentūra (Lithuanian Business Support Agency) with PI Enterprise Lithuania, which will cease to operate as a legal entity after the reorganisation. The Public Institution Lithuanian Business Support Agency will continue its activities under a new name – Public Institution Inovacijų agentūra (Innovation Agency).

The other data and requisites of the Lithuanian Business Support Agency (except the name and address) will remain unchanged after the reorganisation.

All rights and obligations of Enterprise Lithuania shall be transferred to the Lithuanian Business Support Agency as of the date of signing of the deed of acceptance-transfer by the Public Institution Enterprise Lithuania and the Public Institution Lithuanian Business Support Agency.

The Ministry of Economy and Innovation will exercise the rights and obligations of the State as the owner of the Public Institution Lithuanian Business Support Agency, which will continue its activities under a new name after the reorganisation.

More information about the terms and conditions of the reorganisation can be found here https://lvpa.lt/lt/lvpa-reorganizavimas-283.
 
 

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