Franklin

Republic of Lithuania [electronic resource] : Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2008.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 08/245.
IMF Staff Country Reports; Country Report No. 08/245
Format/Description:
Government document
Book
1 online resource (12 p.)
Local subjects:
Corporate insolvency.
Corporate insolvency framework.
Credit policy.
Creditor rights.
Cross-border insolvency.
Efficiency of insolvency.
Financial Sector Assessment Program.
Foreclosure.
Framework for insolvency.
Insolvency.
Insolvency administration.
Insolvency administrator.
Insolvency administrators.
Insolvency and creditor rights.
Insolvency cases.
Insolvency field.
Insolvency framework.
Insolvency laws.
Insolvency legal framework.
Insolvency proceedings.
Insolvency regime.
Insolvency system.
Institutional framework for insolvency.
Law on cross-border insolvency.
Model law on cross-border insolvency.
Mortgage.
Mortgages.
Movable assets.
Registration of mortgages.
Reorganization proceedings.
Reports on the Observance of Standards and Codes.
Secured claims.
Bankruptcy.
Lithuania.
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.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
145182419X:
9781451824193
ISSN:
1934-7685
Publisher Number:
10.5089/9781451824193.002
Access Restriction:
Restricted for use by site license.
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