Financial sector supervisory bodies are organized in different forms in different countries of the European Union. These “models” range from independent stand-alone supervisory authorities to consolidated (centralized) ...

This paper focuses on the principle of subsidiarity, which is one of the key principles in the European Union law and which along with other principles essential for democratic political systems, such as the principles of ...

Over the financial crisis, the ability of authorities to manage crises both domestically and in cross-border situations has been severely tested. The financial crisis exposed many problems within the global financial system ...

The Insurance Mediation Directive was adopted in 2002. Its aim was twofold: to protect consumers through the establishment of professional requirements for insurance intermediaries, and enhance cross-border activity through ...

The crisis and its impacts have underscored yet again how important to fulfill consumer protection requirement in this specific field. Therefore, in this article we analyze the insurance sector related consumer protection. ...

Although the function of implementation of EU law primarily falls within the competence of the legislator, a significant role in this process is attributed to national courts, capable to “cure the mistakes” made by the ...

‘Squeeze-out” is considered as a situation, where a controlling shareholder exercises his legal right to oblige the minority shareholders of a targeted listed company to sell their shares of the target to him, which brings ...

This article analyses long-term energy contracts in relation with third-party access right to energy transmission and distribution system. Long-term energy supply contracts remain quite controversial: while enhancing the ...

The author of the article analyses the restoration and development of Soviet courts in Lithuania from the beginning of the reoccupation in 1944, till 1956, when the cult of Stalin’s person was officially condemned by the ...

The principle of full compensation (compensation lucri et damni) is one of the fundamental principles of delictual liability under the Civil Law of Lithuania and other European countries. The principle should be treated ...