Investment treaty arbitration—Lithuania—Q&A guide
Investment treaty arbitration—Lithuania—Q&A guide

The following Arbitration practice note provides comprehensive and up to date legal information covering:

  • Investment treaty arbitration—Lithuania—Q&A guide
  • 1. What is the prevailing attitude towards foreign investment?
  • 2. What are the main sectors for foreign investment in the state?
  • 3. Is there a net inflow or outflow of foreign direct investment?
  • 4. Describe domestic legislation governing investment agreements with the state or state-owned entities.
  • 5. Identify and give brief details of the bilateral or multilateral investment treaties to which the state is a party, also indicating whether they are in force.
  • 6. If applicable, indicate whether the bilateral or multilateral investment treaties to which the state is a party extend to overseas territories.
  • 7. Has the state amended or entered into additional protocols affecting bilateral or multilateral investment treaties to which it is a party?
  • 8. Has the state unilaterally terminated any bilateral or multilateral investment treaty to which it is a party?
  • 9. Has the state entered into multiple bilateral or multilateral investment treaties with overlapping membership?
  • More...

arbitration'>Investment treaty arbitration—Lithuania—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to investment treaty arbitration in Lithuania published as part of the Lexology Getting the Deal Through series by Law Business Research (published: February 2021).

Authors: Walless—Gediminas Dominas

1. What is the prevailing attitude towards foreign investment?

Generally, the prevailing attitude towards foreign investment is very positive. It is perceived to be economically beneficial for the country and is very welcome. On the other hand, in the light of the historical experience and the geopolitical situation, Lithuania has developed a concept of criteria of European and transatlantic integration. Only entities originating from countries meeting such criteria are permitted to own land in Lithuania.

2. What are the main sectors for foreign investment in the state?

According to the latest data from the Bank of Lithuania, the largest shares of foreign direct investment (FDI) went to the following sectors:

  1. financial – 25.7 per cent;

  2. manufacturing – 15.9 per cent; and

  3. real estate – 13.9 per cent.

Due to special Bank of Lithuania policies, Lithuania has become a world hub for the fintech industry, hence the financial sector has become the leading FDI industry. In manufacturing, the largest investments were made in food manufacturing, beverages and tobacco (20.3 per cent of total manufacturing investment) and oil, chemical products and pharmaceuticals (16.7 per cent).

3. Is there a net inflow or outflow of foreign

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