COVID-19 related amendments to insolvency regulations in Lithuania

Suspension of managers’ duty to file for insolvency proceedings

Filed under:
Lithuania, Insolvency & Restructuring, SORAINEN, Coronavirus
Authors:
Kazimieras Karpickis , Žygimantas Pacevičius
Location:
Lithuania
Firm:
SORAINEN
Lithuania: When things get tough. How to deal with debt and liquidity issues?

Many companies will likely be forced to deal with debts and liquidity issues – one must act smart and early to keep the problems from snowballing.

Advice to creditors: stop the snowballing effect

Filed under:
Lithuania, Insolvency & Restructuring, SORAINEN
Authors:
Žygimantas Pacevičius , Kazimieras Karpickis
Location:
Lithuania
Firm:
SORAINEN