Suchergebnisse

This article discusses a relevant topic in Lithuania's contract law – the conception of public contract and its development. Due to the analysis of various laws, doctrine and precedents, the article provides with coherent understanding about agreements for public purchase and utility services as well as their evolution in the Lithuanian law system. It is needful to stress that the debates on State involvement in the modern market and its participation in the economy and society are still up to date, due to it this article examines what is the proper degree of state intervention in commercial relationship and what type of legislation would be beneficial for both – supplier and consumer. The most important principle in contract law – freedom of contract, which is a cornerstone of wealth maximization, is also discussed in this article. Futhermore, with a purpose to reveal the state's attitude to the intersection of this principle and public interest, the examination of relationship between public interest and freedom of contract is presented. The article also examines the EU competition law policy and legislation in controlling the business with a dominant market power, as well as assuring the social welfare of other party and consumers. What is more, the clear comparison of Lithuania's and other countries' governmental regulation on public or administrative contracts is also provided here. Finally, the author puts forward some conclusions on key questions of public contracts and it usefulness for Lithuania's law system.

This article discusses a relevant topic in Lithuania's contract law – the conception of public contract and its development. Due to the analysis of various laws, doctrine and precedents, the article provides with coherent understanding about agreements for public purchase and utility services as well as their evolution in the Lithuanian law system. It is needful to stress that the debates on State involvement in the modern market and its participation in the economy and society are still up to date, due to it this article examines what is the proper degree of state intervention in commercial relationship and what type of legislation would be beneficial for both – supplier and consumer. The most important principle in contract law – freedom of contract, which is a cornerstone of wealth maximization, is also discussed in this article. Futhermore, with a purpose to reveal the state's attitude to the intersection of this principle and public interest, the examination of relationship between public interest and freedom of contract is presented. The article also examines the EU competition law policy and legislation in controlling the business with a dominant market power, as well as assuring the social welfare of other party and consumers. What is more, the clear comparison of Lithuania's and other countries' governmental regulation on public or administrative contracts is also provided here. Finally, the author puts forward some conclusions on key questions of public contracts and it usefulness for Lithuania's law system.

This article discusses a relevant topic in Lithuania's contract law – the conception of public contract and its development. Due to the analysis of various laws, doctrine and precedents, the article provides with coherent understanding about agreements for public purchase and utility services as well as their evolution in the Lithuanian law system. It is needful to stress that the debates on State involvement in the modern market and its participation in the economy and society are still up to date, due to it this article examines what is the proper degree of state intervention in commercial relationship and what type of legislation would be beneficial for both – supplier and consumer. The most important principle in contract law – freedom of contract, which is a cornerstone of wealth maximization, is also discussed in this article. Futhermore, with a purpose to reveal the state's attitude to the intersection of this principle and public interest, the examination of relationship between public interest and freedom of contract is presented. The article also examines the EU competition law policy and legislation in controlling the business with a dominant market power, as well as assuring the social welfare of other party and consumers. What is more, the clear comparison of Lithuania's and other countries' governmental regulation on public or administrative contracts is also provided here. Finally, the author puts forward some conclusions on key questions of public contracts and it usefulness for Lithuania's law system.

This article discusses a relevant topic in Lithuania's contract law – the conception of public contract and its development. Due to the analysis of various laws, doctrine and precedents, the article provides with coherent understanding about agreements for public purchase and utility services as well as their evolution in the Lithuanian law system. It is needful to stress that the debates on State involvement in the modern market and its participation in the economy and society are still up to date, due to it this article examines what is the proper degree of state intervention in commercial relationship and what type of legislation would be beneficial for both – supplier and consumer. The most important principle in contract law – freedom of contract, which is a cornerstone of wealth maximization, is also discussed in this article. Futhermore, with a purpose to reveal the state's attitude to the intersection of this principle and public interest, the examination of relationship between public interest and freedom of contract is presented. The article also examines the EU competition law policy and legislation in controlling the business with a dominant market power, as well as assuring the social welfare of other party and consumers. What is more, the clear comparison of Lithuania's and other countries' governmental regulation on public or administrative contracts is also provided here. Finally, the author puts forward some conclusions on key questions of public contracts and it usefulness for Lithuania's law system.