Open AccessProblems of Ensuring the Effective Commencement of Insolvency Proceedings
Author(s) -
Egidija Tamošiūnienė,
Vigintas Višinskis,
Mykolas Kirkutis,
Remigijus Jokubauskas
Publication year - 2020
Publication title -
teisė
Language(s) - English
Resource type - Journals
eISSN - 2424-6050
pISSN - 1392-1274
DOI - 10.15388/teise.2020.117.3
Subject(s) - insolvency , bankruptcy , restructuring , business , law , accounting , law and economics , actuarial science , political science , economics
This article examines the problems of the application of the Law on Insolvency of Enterprises of the Republic of Lithuania as related to the commencement of insolvency proceedings. The new insolvency law introduces a new procedure for the commencement of insolvency proceedings that applies to restructuring and bankruptcy proceedings. In the authors’ opinion, the application of this procedure can raise both theoretical and practical problems that have not been analysed yet.