Assurance of the Effectiveness of Corporate Insolvency Proceedings
Articles
Egidija Tamošiūnienė
Vilnius University, Lithuania
Vigintas Višinskis
Mykolas Romeris University, Lithuania
Mykolas Kirkutis
Mykolas Romeris University, Lithuania
Remigijus Jokubauskas
Mykolas Romeris University, Lithuania
Published 2020-10-06
https://doi.org/10.15388/Teise.2020.116.2
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Keywords

insolvency
insolvency proceedings
effectiveness of insolvency proceedings

How to Cite

Tamošiūnienė, E. (2020) “Assurance of the Effectiveness of Corporate Insolvency Proceedings”, Teisė, 116, pp. 24–35. doi:10.15388/Teise.2020.116.2.

Abstract

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 law seeks to ensure effective insolvency process, the analysis of certain provisions reveals certain problems of this act, which could significantly impact the effectiveness of this process.

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