In Lithuania

Wed, 18 Aug 2010, Forced Sale of Shares…

The member of a legal person who has filed a claim for forced sale must apply to other members of a legal person to become co-claimants.

Only the following members of a private legal person have the right to file an application for forced sale of shares:
1) one or some shareholders of a private company whose face value of shares accounts for no less than 1/3 of the authorized capital;
2) one or some members of a partnership whose interest…

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LITHUANIA is a state in Northern Europe which has borders with Latvia, Russia, Poland and Belarus. Across the Baltic Sea lies Sweden and Denmark. Lithuania covers around 65 thousands square kilometers. The only official language in Lithuania is Lithuanian. Lithuania as a state is a parliamentary republic with internal division of 60 municipalities. The capital of Lithuania is Vilnius. Lithuania is a member of NATO, and the European Union and the Council of Europe. In 2009, Vilnius was the European Capital of Culture and Lithuania celebrated the millennium of its name.

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