"Everything will depend on what emergency response plan is approved," it quoted Vaidotas Puklevicius, a partner with the law firm Walless, as saying.
On one hand, restrictions on organizing mass events may be imposed, but on the other hand, affected businesses would be able to invoke force majeure to reduce their contractual obligations, he said.
The State Emergency Operations Center is holding its first meeting on Thursday to discuss anti-coronavirus measures.
The Cabinet set up the center, headed by Health Minister Aurelijus Veryga, after declaring a state-level emergency on Wednesday.
According to the government, the state emergency status will make it easier for the authorities to coordinate preparations for the spread of the coronavirus and tap into the state's reserves, and will facilitate other procedures.
The COVID-19 virus, which first emerged in China in January, has already spread to more than 30 countries, killing over 2,700 and infecting more than 80,000 people.