Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment

July 23, 2008

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Format: Chicago

Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured transactions is rather easy and affordable. The privatization of the bailiffs system has contributed to accelerating the recovery process and increasing the enforcement efficiency. In the area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally consistent with international standards.

Subject: Financial institutions, Financial sector policy and analysis, Legal support in revenue administration, Mortgages, Revenue administration, Solvency

Keywords: A number of judge, Bailiff profession, CR, Creditor, Enterprise, EU country, EU regulation, Global, Insolvency, Insolvency administrator, Insolvency law, Insolvency proceeding, Insolvency profession standard, ISCR, Judge, Legal support in revenue administration, Mortgages, Solvency

Publication Details

Pages:

12
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/245
Stock No:

1LTUEA2008004
ISBN:

9781451824193
ISSN:

1934-7685

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