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.

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Therefore, what regards private companies in the future, the costly and non-effective requirements on the authorized capital should be reduced and the application of alternative methods for creditor protection should be encouraged. 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 author substantiates establishment of bank ownership capital management system.

That is why the author agrees with the opponents of the minimum capital requirement: Hence, because shareholders were able to limit their liability to the capital actually invested even in small firms, minimum capital rules started to be viewed as a way to protect creditors. No warranty is given about the accuracy of the copy.

Problem of Ownership Capital Adequacy in Bank Financial Management and its Solutions.

As pointed out by the European Court of Justice20, such creditors are able to negotiate on the terms of their contracts. Limited liability supposes that creditors of a private company are deprived of the possibility to seek satisfaction for their claims against the shareholders. Further, it was demonstrated that kalitalo are able to protect themselves through contractual and other ex post mechanisms e.

Remote access to EBSCO’s databases is permitted to patrons of subscribing institutions accessing from remote locations for personal, non-commercial use. Conclusions of the Committee on Economics of the Parliament of the Republic of Lithuania [interactive].

Secondly, agreements may generally restrict the freedom of a company, e. Actually, limited liability has been said to be one of the most—if not the most—important achievements in commercial law, for it permitted all kinds of enterprises to be undertaken. 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. That means that a great part of business risks is shifted to creditors.


Other explanation is that the purpose of the 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.

Creditors versus capital formation: However, it should be noted that no analyses on the efficiency of initial capital or studies have been made yet. However, capital rules applied to private companies are nowadays argued a lot. It is typically agreed that legal capital rules substantially advantage protect involuntary creditors and creditors who are technically voluntary but do not have the bargaining power to protect themselves through covenants, securities and similar instruments.

CEEOL – Article Detail

Piercing the Corporate Veil This ex post kpaitalo is lifting the corporate veil. However, remote access to Pakanksmumas 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.

However, if the company is in default, creditors will only be able to satisfy their claims over an asset worth LTL 9, Arguments for a Minimum Capital Requirement Before probing into the reasons for the reform of the minimum capital requirement, it is necessary to analyze what the minimum capital rule has originally aimed to achieve.

It is common for scholars to argue that the minimum capital creates barriers in jurisdictions where it is set at a high value.

Prevention of Frivolous Incorporation By acting as a barrier to formation, the minimum capital requirement may also serve as a pakankajumas to prevent the abuse of the privilege of limited liability.

In the doctrine was codified. Therefore, the 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 minimum capital requirement does. Minimum Capital Creates an Unnecessary Barrier to Incorporations The imposition of the minimum capital requirement usually creates undesirable barriers to the incorporation of small private companies. Finally, the author evaluates the legislation on the initial capital of private paksnkamumas in Lithuania and proposes some potential future trends in this field.


Even if only one sophisticated creditor has imposed such covenants on a corporate debtor, all the creditors of that company will gain protection from wrongdoing.

It is should be noted that, although not to the same extent as in the U. What is more, some authors23 argue that involuntary creditors can even benefit from the covenants binding upon the company and concluded with sophisticated creditors. Among other amendments pakanksmumas and supplements to the Law kappitalo Companies, it was proposed to decrease the initial capital for private companies to LTL 1, approximately EUR Generally speaking, the minimum capital requirement is a rule pakankamuams requires incorporators to contribute assets of at least the specified minimum value to Ewang, F.

Due to the business liberalization in the nineteenth century, entrepreneurs were kaoitalo able to form their own companies and limit their liability. Users should refer to the original published version of the material for the full abstract. It co-ordinates national provisions on the i formation of public limited liability companies and minimum share capital requirements, ii distributions to shareholders and iii increases and deductions in capital to insure that the capital is maintained in the interests of creditors.

At the European Community level, for the first time, the rules for maintaining capital in public limited liability companies were entrenched in the Second Council Directive of 13 December the Second Directive.

Furthermore, the present paper reviews possible alternative mechanisms for creditors’ protection that could achieve the same effects as the minimum capital rule, although more efficiently and at lower costs.