Effective estate administration and realization is important for protecting the interests of the corporation and its creditors. It also allows the termination of bankruptcy proceedings if a corporation’s solvency is ...

The article analyses the practical problems of the application of contra spoliatorem in civil procedure. The court can render a correct and founded judgment only if participants in a procedure present all relevant evidence ...

This article analyses the role of courts in corporate insolvency proceedings. In the last few decades the case law has established that courts play an active role in such cases in Lithuania. The Law on Corporate Insolvency ...

This article focuses on extrajudicial (out-of-court) bankruptcy proceedings. It discusses how the new Law on Insolvency of Enterprises has changed the legal regulation of this process. The article examines the procedure ...

This article analyzes public order as a ground for the non-recognition of foreign court judgments in the case-law of Lithuanian courts. Violation of public order is often used by the parties to challenge the recognition ...

The prevailing insolvency dispute resolution mechanism is adjudication, which has significant shortcomings: the irresolvable common pool problem, disruption of business, and high litigation costs. The question is therefore ...

This article examines some practical problems of the application of the Law on the Insolvency of Enterprises of the Republic of Lithuania related to the effectiveness of insolvency proceedings. Though the new insolvency ...

A creditor’s right to information in corporate bankruptcy proceedings is coupled with an effective use of other rights and participation in the decision-making process. A concrete model of information provision (directly ...

This article examines the problems of the application of the Law on Insolvency of Enterprises of the Republic of Lithuania as related to the commencement of insolvency proceedings. The new insolvency law introduces a new ...

This article examines the meaning of fraudulent bankruptcy and the problems inherent in applications of fraudulent bankruptcy. It proposes how the regulation of fraudulent bankruptcy can be improved, and considers the ...