The reorganisation will be carried out 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 PI Enterprise Lithuania shall be transferred to the Lithuanian Business Support Agency as of the date of signing of the deed of acceptance and 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.
The terms and conditions of the reorganisation, the documents and information of the public body Lithuanian Business Support Agency, and other documents and information provided for in the terms and conditions of the reorganisation and in the legal acts that will be in force after the reorganisation, shall be published on the websites www.verslilietuva.lt and www.lvpa.lt, as well as in the publication Public Announcements of Legal Entities of the State Enterprise Centre of Registers.
For more information on the reorganisation terms and conditions, please click here.