Languages: ltfien

After webinar „Doing business in Lithuania during and after COVID-19“: “businesses as usual” is getting new meaning

On the 4th of June Fondia and Finish Lithuanian Trade Association SULI hosted webinar for Finnish companies having business or interested in doing business in Lithuania with the goal to have a closer look at the challenges and opportunities today’s situation is offering.

Audrius Masiulionis, Attaché for Commercial Affairs in Finland, provided overview on how Finland and Lithuania have been dealing with the challenges of COVID-19 and what opportunities may be found for cooperation. IT, cleantech and greentech, shipyards industry, construction of summer houses, farming and forest industries, food sector, packaging and subcontracting in the light of the need to review supply chains – are the top priorities for cooperation.

Tomas Paulauskas, Fondia Senior Legal Counsel, looked at possible solutions the Lithuanian law provides when performance of the legal contracts and company’s usual life are disrupted by pandemic or other challenges and what can be done to tackle such situations better in the future. As options were discussed amendments of contracts noting expressly pandemic/virus, usage of digital signature, insurance, financial instruments.

According to Jurgita Vaičiulionienė, Managing Director of Fondia Lithuania, “new normal” in employment law is flexibility. Although this area is rather strictly regulated, flexibility may be achieved in mutually for employees and employers beneficial ways if long-term perspective is considered and the parties communicate openly and respectfully. State aid to retain jobs is available until the end of 2020.

When providing employment market outlook MPS Baltic partners Ina Skiauterienė and Regina Laimikienė noted that crisis puts things in place. People seem to be reluctant to go for changes as well as companies attempt to maintain stability, right talents in right place are needed even more and domestic companies started playing new role in the market.

The record of the webinar may be found here A. Masiulionis – from the start, T. Paulauskas  – from 33 min, J. Vaičiulionienė – from 49 min., I. Skiauterienė and R. Laimikienė – from 1 h 1 min.

For futher information, please, contact

Jurgita Vaičiulionienė
Managing Director

Fondia Lithuania | Lithuania Finland Sweden Estonia
Contact: +370 698 41113, jurgita.vaiciulioniene@fondia.com
Office: Didžioji 18, 01103 Vilnius, Lithuania