EUR; Kapitalo pakankamumas – 14,13 % (LB nustatytas normatyvas bankui – ne Medicinos banko akcininkų susirinkime nuspręsta banko kapitalo bazę Keywords: ownership capital; capital adequacy; normative capital; economic capital; risk capital; buffer capital; nuosavas kapitalas; kapitalo pakankamumas;. Kapitalo pakankamumas. 7. Council Directive 93/6/EEC of 15 March on the capital adequacy of investments firms and credit institutions. 8.

Author: Yozuru Zolozragore
Country: Sweden
Language: English (Spanish)
Genre: Travel
Published (Last): 9 December 2005
Pages: 195
PDF File Size: 19.84 Mb
ePub File Size: 4.51 Mb
ISBN: 576-3-12411-262-4
Downloads: 71750
Price: Free* [*Free Regsitration Required]
Uploader: Taushicage

AB SEB nuosavo kapitalo analizė by Toma Kauliūtė on Prezi

The basic idea is that through limited liability shareholders confine their losses only to the amount invested; however, may gain unlimited profits. As far as voluntary creditors are concerned, minimum capital requirements are not necessary. Minimum initial amount contributed should enable a company to have a chance to survive in a competitive market or even facilitate borrowing soon after incorporation. Theory, Structure and Operation.

The national laws of the Member States have to define considerable loss of the capital within the meaning of the Second Directive; however, its limits may not exceed half of the authorized capital. Tasks for attaining the objective: However, there are few cases38 33 34 35 36 37 38 Machado, F.

Oh no, there’s been an error

Although the minimum capital requirement has been recognized by the law as the price for the advantage of limited liability to shareholders, taking into consideration the net worth of the company, it may not be easy to maintain a constant equilibrium between the nominal capital of the company and the net value.

At the statutory level the Legal Capital Rules were stated in the so-called Second Directive, which dates from Copyright of Management of Organizations: Finally, the author evaluates the legislation on the initial capital of private companies in Lithuania and proposes some potential future trends in this field.

In that way, the minimum capital rule benefits creditors by maintaining an orderly market. Finally, the author evaluates the legislation on the initial capital of private companies in Lithuania and proposes some potential future trends in this field.

However, remote access to EBSCO’s databases from non-subscribing institutions is not allowed if the purpose of the use is for commercial gain through cost reduction or avoidance for a non-subscribing institution. Although the Second Directive imposes this requirement on public companies only, private companies are also unnecessarily burdened in Lithuania as well.


It should be noted that in December the amendment to the Draft Law on Companies45 was submitted to the Parliament of the Republic of Lithuania. Other explanation is that the purpose of kapktalo paid-in capital is that a company should have sufficient funds to meet its initial needs after incorporation so that the risk of the early insolvency is minimized.

effective protection of creditors’ interests in private companies

Users should refer to the original published version of the material for the full abstract. In Lithuania, the majority of the legal capital provisions of the Second Directive have been integrated into the Law on Companies of the Republic of Lithuania the Law on Companieswhich is also entirely applied to private limited companies Lith.

Arguments against a Minimum Capital Requirement The proponents of the abolition of the minimum initial capital rule see the prevalence of creditor self help through contractual covenants, personal securities of shareholders, and other ex post creditor protection mechanisms. Generally speaking, the minimum capital requirement is a rule that requires incorporators to contribute assets of at least the specified minimum value to Ewang, F.

Further, the substantial weakness of the minimum capital requirement becomes apparent in relation to various types of creditors. Nonetheless, in practice the fact that a company may not have enough assets is usually enhanced by the pressure of security for voluntary and sophisticated creditors.

Copyright of Socialiniu Mokslu Studijos is the property of Mykolas Romeris University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder’s express written permission. The regulation of such companies is entirely within the national legislation of each Member State.

Creditors versus capital formation: However, users may print, download, or email articles for individual use. Remote access to EBSCO’s databases is permitted to patrons of subscribing institutions accessing from remote locations for personal, non-commercial use.

This abstract may be abridged.

In kapitao doctrine was codified. Oxford Kapitalp Press, Indeed, voluntary creditors usually have stronger negotiating skills and more experience, and they can easily rely on the agreement concluded with the company.


This is the reason pakan,amumas in terms of private companies in the future Lithuanian Law on Companies it is necessary to weaken those costly and non-effective requirements imposed on the authorized capital and strengthen the alternative methods focused on the protection of creditors. For instance, according to the official data from the Company Register of the Republic of Lithuania, the amounts of incorporations of private companies in the fourth quarter of 27 28 29 Ewang, F.

In addition, the rule screens out opportunists who try to use empty companies to perpetrate frauds or engage 10 11 Gordon, Y.

It is should be pkaankamumas that, although not to the same extent as in the U. Thus, the basic reasoning for the necessity of Legal Capital Rules is creditor protection.

effective protection of creditors’ interests in private companies

In fact, the main reason revealing the lack of the protection of creditors by the minimum capital rule is that the initial minimum capital is the same for all private companies in particular, within a Member Statenotwithstanding the commercial activity the private company is commencing. That is why the author agrees with the opponents of the minimum capital requirement: Therefore, kapitaalo legal acts should include some other ex post mechanisms that protect all types of creditors and do not impose significant costs on the incorporators as the paankamumas capital requirement does.

Systematic Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder’s express written permission. This abstract kapitzlo be abridged. No warranty is given about the accuracy of the copy. Whiteboard – Federal Reserve Bank of St. Piercing the Corporate Veil This ex post mechanism is lifting the corporate veil.