Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment
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Summary:
This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured transactions is rather easy and affordable. The privatization of the bailiffs system has contributed to accelerating the recovery process and increasing the enforcement efficiency. In the area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally consistent with international standards.
Series:
Country Report No. 2008/245
Subject:
Financial institutions Financial sector policy and analysis Legal support in revenue administration Mortgages Revenue administration Solvency
English
Publication Date:
July 23, 2008
ISBN/ISSN:
9781451824193/1934-7685
Stock No:
1LTUEA2008004
Pages:
12
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