Republic of Lithuania : Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment

Author/Editor:

International Monetary Fund

Publication Date:

July 23, 2008

Electronic Access:

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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. 08/245

Subject:

English

Publication Date:

July 23, 2008

ISBN/ISSN:

9781451824193/1934-7685

Stock No:

1LTUEA2008004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

12

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