Finansinio užtikrinimo susitarimų įstatymo taikymo srities nustatymo problemos.
The adoption of the Collateral Directive 2002/47/EC rep-s resents an important progress towards the implementation of a truly harmonised single financial market. In Lithuania the Directive 2002/47/EC was implemented in time by a Financial Collateral arrangements act which entered into force on 1 April 2004. It provides for a special regulation for financial securides given in transactions between "professional market participants", between market participants and other companies, including small and medium-sized enterprises. The new law j applies to certain financial transactions and aims at stabilizing the financial markets. Essentially, the Directive on financial collateral and the national law implementing it ensures the s protection of the enforceability of bilateral close- out netting and collateral top-up arrangements and provides for rapid and non-formalistic enforcement procedures in the insolvency cases. In addition, the Directive focuses on the rules of conflict of laws, eases administrative burdens for the use of financial collateral and provides for the recognition of transfer of fullownership in respect of financial collateral. The realisation of collaterals will be easier and cheaper. [...]
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