A new security legal regime will came into effect from July 1 2012 which
is expected to harmonise the Lithuanian markets along EU lines and
create more security for potential investors. Beyond the potential boost
to the economy as a whole this is expected to significantly increase
regulatory work for firms across the board....
CONTEXT AND TRENDS
The takeover of Lithuania's fifth largest bank in November 2011 was the first major crisis to hit the country since the deep recession of 2009. The government assumed control of Snoras bank after finding a risk of insolvency, irregularities and possible criminality....