Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    LAT: verslo perkėlimas kreditoriui nesuteikia teisės į nuostolių atlyginimą?
    2017-05-16

    Lietuvos Aukščiausiasis Teismas toliau formuoja praktiką dėl kreditorių teisėtų interesų apsaugos. 2017 m. gegužės 4 d. išnagrinėtoje byloje Nr. 3K-3-211-469/2017 buvo sprendžiama dėl bendrovės vadovo ir jos akcininko civilinės atsakomybės, kreditoriui jiems pareiškus tiesioginį ieškinį.

    Filed under:
    Lithuania, Insolvency & Restructuring, Litigation, Glimstedt
    Authors:
    Dr. Solveig Paleviciene
    Location:
    Lithuania
    Firm:
    Glimstedt
    It will be more difficult for creditors of an insolvent company to abuse their rights
    2017-06-06

    On 12 May 2017, the Supreme Court of Lithuania issued a ruling, which further contributes to the case-law concerning setting of the procedure and price of the realisation of assets with regard to a bankrupt company. The ruling recognises that, in certain exceptional cases, a decision on the price and procedure for the realisation of assets may be made by a court independently and in disregard of the principle of autonomy of the creditors’ meeting of a bankrupt company.

    Filed under:
    Lithuania, Insolvency & Restructuring, Litigation, Glimstedt
    Authors:
    Renata Jankute
    Location:
    Lithuania
    Firm:
    Glimstedt
    Bankrutuojančios įmonės kreditoriams piktnaudžiauti savo teisėmis bus sunkiau
    2017-06-06

    Lietuvos Aukščiausiasis Teismas 2017 m. gegužės 12 d. priėmė nutartį, kuria toliau formuoja praktiką, susijusią su bankrutavusios įmonės turto realizavimo tvarkos ir kainos nustatymu. Nutartyje pripažinta, kad tam tikrais išskirtiniais atvejais sprendimą dėl turto realizavimo kainos ir tvarkos nustatymo teismas gali priimti savarankiškai, nepaisydamas bankrutavusios įmonės kreditorių susirinkimo autonomijos principo.

    Filed under:
    Lithuania, Insolvency & Restructuring, Glimstedt
    Authors:
    Renata Jankute
    Location:
    Lithuania
    Firm:
    Glimstedt
    Court judgments in relation to civil liability of CEOs: case law overview
    2017-06-09

    In practice there a numerous uncertainties in relation to civil liability of management bodies of companies, scope of such liability, and related matters. On 4 April 2017, considering the current situation, the Supreme Court of the Republic of Lithuania (the Supreme Court or SC) published the first overview of case law in relation to application of the norms of civil law regulating civil liability of management bodies of companies in the case law of the Supreme Court.

    Filed under:
    Lithuania, Company & Commercial, Insolvency & Restructuring, Litigation, Glimstedt, Board of directors, Chief executive officer, Court of Cassation (France)
    Authors:
    Aušra Maliauskaite-Embrekte , Laura Tunkeviciutes
    Location:
    Lithuania
    Firm:
    Glimstedt
    Wrongful trading - Lithuania
    2020-04-15

    Generally speaking, wrongful trading is the special form of liability where a director of a company is liable for damages towards the creditors for the mismanagement of an insolvent company.

    A special feature of the institution of wrongful trading is, that it may give rise not only to the liability of the director of the company but also to the liability of the director, management, employee of the parent company or even of the grandparent company (so called shadow director).

    Filed under:
    Lithuania, Insolvency & Restructuring, Litigation, SORAINEN, Board of directors
    Authors:
    Kazimieras Karpickis , Greta Kubiliūnaitė
    Location:
    Lithuania
    Firm:
    SORAINEN
    Trumposios teisės žinios 2016 sausis-kovas
    2016-04-07

    Bankroto įstatymo pakeitimai

    Filed under:
    Lithuania, Arbitration & ADR, Insolvency & Restructuring, Public, Eversheds Sutherland (International) LLP
    Location:
    Lithuania
    Firm:
    Eversheds Sutherland (International) LLP
    Legal Speed Brief 2016 Jaunuary-March
    2016-04-07

    Amendments to the Enterprise bankruptcy law

    Filed under:
    Lithuania, Arbitration & ADR, Insolvency & Restructuring, Public, Eversheds Sutherland (International) LLP
    Location:
    Lithuania
    Firm:
    Eversheds Sutherland (International) LLP
    Už nemokios įmonės skolas atsako bendrovės vadovas
    2016-11-02

    Pagal šiuo metu galiojančią LR įmonių bankroto įstatymo redakciją, bendrovės vadovas arba akcininkas privalo kreiptis į teismą dėl bankroto bylos bendrovei iškėlimo, jei bendrovė negali ir (arba) negalės atsiskaityti su kreditoriais, arba jei bendrovė viešai yra paskelbusi arba pranešusi kreditoriams, kad neketina vykdyti savo įsipareigojimų. Tokiu būdu geriausiai su įmonės finansine situacija susipažinę subjektai skatinami imtis skubių priemonių, kad žalą patirtų kuo mažiau kreditorių bei kad pradelstų įsipareigojimų dydis būtų kiek įmanoma mažesnis.

    Filed under:
    Lithuania, Insolvency & Restructuring, Litigation, Glimstedt
    Authors:
    Audrius Zvybas
    Location:
    Lithuania
    Firm:
    Glimstedt
    Which debts of insolvent company are the CEO’s responsibility
    2016-11-02

    According to the current wording of the Republic of Lithuania Enterprise Bankruptcy Law, a head of an enterprise or a shareholder must file a petition with a court for the initiation of the enterprise bankruptcy proceedings in the event where the company is not able and/or shall not be able to settle with its creditors or where the company has made a public announcement or has informed the creditors that it has no intention to discharge its obligations.

    Filed under:
    Lithuania, Company & Commercial, Insolvency & Restructuring, Litigation, Glimstedt, Bankruptcy
    Authors:
    Audrius Zvybas
    Location:
    Lithuania
    Firm:
    Glimstedt
    V. Birmontas. „Snoro“ prospektas: paskutinė viltis apginti „Snoro“ obligacijų savininkų interesus
    2016-11-14

    Nuo banko „Snoras“ bankroto paskelbimo praėjo beveik penkeri metai. 2011 m. lapkričio 16 dieną Lietuvos bankas paskelbė „Snoro“ veiklos apribojimą, o lapkričio 24 dieną kreipėsi į teismą dėl banko bankroto.

    Dauguma asmenų, turėjusių bankrutavusiame banke indėlius ir indėlių sertifikatus, jau gavo 100 000 Eur neviršijančias draudimo išmokas. Tačiau banko obligacijų turėtojai liko nuošalyje – jų įsigytų obligacijų atžvilgiu banko „Snoras“ nemokumo rizika nebuvo draudžiama, todėl ir draudimo išmoka mokama nebuvo.

    Filed under:
    Lithuania, Banking, Capital Markets, Insolvency & Restructuring, Glimstedt
    Authors:
    Vytautas Birmontas
    Location:
    Lithuania
    Firm:
    Glimstedt

    Pagination

    • First page « First
    • Previous page ‹‹
    • Page 1
    • Current page 2
    • Page 3
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days