Law on Concessions (No. I-1510).

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC016715

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English

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LEX-FAOC016715

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1

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This Law defines the concept of concession, objects of concessions and spheres of business activity for which concessions may be granted, the procedure for granting concessions, the rights and duties of government institutions of the Republic of Lithuania and those of enterprises of the Republic of Lithuania and foreign countries which operate on the basis of concession contracts. Concession is defined as the right to use the existing state-owned or municipal property or property that is to be created, which is granted under contract for the performance of certain business activity. Article 3 specifies the objects that may be given in concession. Article 4 defines the sphere of activities allowed pursuant to a concession and restrictions placed on them. Where the terms and conditions of a concession are in conformity with the requirements for the acquisition of permits (licenses) for the activity specified in the concession contract as prescribed by the laws of the Republic of Lithuania, the granting of concession obligates appropriate institutions of the Republic of Lithuania to issue permits (licenses) for the activity (sect. 5).

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