Problems of Ensuring the Effective Commencement of Insolvency Proceedings
Egidija Tamošiūnienė
Vilnius University, Lithuania
Vigintas Višinskis
Mykolas Romeris University, Lithuania
Mykolas Kirkutis
Mykolas Romeris University, Lithuania
Remigijus Jokubauskas
Mykolas Romeris University, Lithuania
Published 2020-12-28


commencement of insolvency proceedings
effectiveness of insolvency proceedings

How to Cite

Tamošiūnienė E., Višinskis V., Kirkutis M. and Jokubauskas R. (2020) “Problems of Ensuring the Effective Commencement of Insolvency Proceedings”, Teisė, 1170, pp. 47-63. doi: 10.15388/Teise.2020.117.3.


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 procedure for the commencement of insolvency proceedings that applies to restructuring and bankruptcy proceedings. In the authors’ opinion, the application of this procedure can raise both theoretical and practical problems that have not been analysed yet.

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