prospectus – report for the year 2006 - NASDAQ OMX Baltic
prospectus – report for the year 2006 - NASDAQ OMX Baltic
prospectus – report for the year 2006 - NASDAQ OMX Baltic
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AB Lietuvos Dujos Prospectus <strong>–</strong> <strong>report</strong> <strong>for</strong> <strong>the</strong> <strong>year</strong> <strong>2006</strong><br />
IV. INFORMATION ABOUT THE ISSUER’S ACTIVITIES<br />
23. Legal basis <strong>for</strong> <strong>the</strong> Issuer’s activities<br />
In its activities AB Lietuvos Dujos follows <strong>the</strong> Company Law of <strong>the</strong> Republic of Lithuania, <strong>the</strong> Law on<br />
Securities Market of <strong>the</strong> Republic of Lithuania (starting from 8 February 2007 - <strong>the</strong> Law on Securities of <strong>the</strong><br />
Republic of Lithuania), <strong>the</strong> Bylaws of AB Lietuvos Dujos as well as o<strong>the</strong>r legal acts of <strong>the</strong> Republic of<br />
Lithuania.<br />
24. Membership in associated structures<br />
AB Lietuvos Dujos is a member of <strong>the</strong> Gas Sector Association (starting from February of 2005 it was<br />
renamed into <strong>the</strong> Lithuanian Gas Association), which on 16 November 1997, on <strong>the</strong> initiative of <strong>the</strong><br />
Lithuanian gas sector companies, was registered with <strong>the</strong> Register of Enterprises of <strong>the</strong> Town of Vilnius.<br />
The Lithuanian Gas Association. Website: http://www.dua.lt.<br />
The Association unites natural gas supply, transmission and distribution companies as well as associated<br />
members related to natural gas business: <strong>the</strong> Lithuanian Gas Pipeline Construction Association uniting 16<br />
major companies per<strong>for</strong>ming gas pipeline construction works in Lithuania and abroad as well as training and<br />
research institutions of energy profile. The aim of <strong>the</strong> Association is to promote economic and technological<br />
progress of <strong>the</strong> Lithuanian gas sector and to defend <strong>the</strong> rightful vested interests of its members seeking such<br />
progress.<br />
Membership in o<strong>the</strong>r organizations:<br />
• The association of companies of European countries operating transmission pipelines “Gas<br />
Infrastructure Europe (GIE)”. Website: www.gie.waxinteractive3.com.<br />
Membership since 10 September 2003. This non-profit organization unites 50 companies from 27<br />
countries. The general objective of <strong>the</strong> GIE is to promote <strong>the</strong> development of a stable, reliable and<br />
consistent legal framework fostering a healthy investment climate and supply security.<br />
• The association of transmission pipeline companies of <strong>the</strong> <strong>Baltic</strong> Sea Region “<strong>Baltic</strong> Gas”.<br />
Website: www.balticgas.org.<br />
Membership since 16 June 1999. The organization promotes development of an integrated natural<br />
gas consumer market within <strong>the</strong> <strong>Baltic</strong> Region and reduction of obstacles of <strong>the</strong> non-commercial<br />
type in <strong>the</strong> way of natural gas business, e.g. any obstacles related to tax policy, environmental<br />
protection, etc.<br />
• The Chamber of Commerce of Germany and <strong>the</strong> <strong>Baltic</strong> countries (“AHK”) in Estonia, Latvia<br />
and Lithuania. Website: www.ahk-balt.org.<br />
Membership since 19 November 2003. At present <strong>the</strong> Chamber of Commerce unites over 200<br />
member companies from Germany, Lithuania, Latvia and Estonia, it also represents <strong>the</strong> interests of<br />
its member companies and promotes development of business relations.<br />
• The association of <strong>the</strong> largest and most active investors in <strong>the</strong> economy of Lithuania<br />
“Investors’ Forum”. Web site: www.investors<strong>for</strong>um.lt.<br />
Membership since 29 November 2004. At present, <strong>the</strong> Association unites over 30 members. The<br />
organization seeks to improve business conditions of all companies operating in Lithuania through<br />
dialogue with <strong>the</strong> Government, ministries and o<strong>the</strong>r official government institutions.<br />
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