State Reports - Lithuania

The new insolvency portal in Lithuania: A pivotal moment in digitalization
Author: Indrė VERENIŪTĖ (Chief Specialist, Ministry of Finance, Republic of Lithuania)
Source: Eurofenix, 2023 Spring edition 

Does the business entity model still matter in Lithuania?
Author: Ieva STRUNKIENĖ (Head of the Insolvency Group, CEE Attorneys; PhD candidate)  
Source: Eurofenix, 2022 Autumn edition 

Lithuania: Transposing the Restructuring Directive 
Authors: Frank HEEMANN (Patner, bnt attorneys in CEE) & Dr. Andrius JUŠKYS (Senior Associate, Senior Associate bnt attorneys in CEE)
Source: Eurofenix, 2021 Spring Edition

Legal framework modified in response to the crisis
Author: Ieva STRUNKIENE (CEE Attorneys, Vilnius office, Lithuania)
Source: Eurofenix, 2020 Summer Edition

New definition of insolvency
Authors: Frank HEEMANN (bnt attorneys in CEE, Vilnius, Lithuania) & Ausra ZABULIONYTÈ (bnt attorneys in CEE, Vilnius, Lithuania)
Source: Eurofenix, 2020 Spring Edition

Change in organization of the profession of insolvency practitioners: Chambers of Insolvency Administrators established
Authors: Frank HEEMANN (bnt attorneys in CEE, Vilnius, Lithuania) & Ausra ZABULIONYTÈ (bnt attorneys in CEE, Vilnius, Lithuania)
Source: Eurofenix, 2019/20 Winter Edition

2020/2021 bnt CEE Insolvency Survey
We are grateful to Frank Heemann (Rechtsanwalt, Partner at bnt attorneys in CEE, Lithuania) for sharing this survey with the members of INSOL Europe.

The new Corporate Insolvency Law
Authors: Frank HEEMANN (bnt attorneys in CEE, Vilnius, Lithuania) & Ausra ZABULIONYTÈ (bnt attorneys in CEE, Vilnius, Lithuania)
Source: Eurofenix, 2019 Autumn Edition

COVID-19 and the retail sector: The perspective of Estonia, Latvia and Lithuania
Authors: ​Karolina GASPARKE, Peeter VIIRSALU, Lkalvis KRUMINS and Žydrūne STUGLYTE (TGS Baltic Lithuania)
Source: Eurofenix, 2019 Autumn Edition

Bank insolvencies in Central and Eastern European legislation
Author: Dr. Richárd BODIS (bnt attorneys-at-law, Hungary)
Source: Eurofenix, 2019 Spring Edition

Lithuania: Draft Law on the Insolvency of Legal Entities
Author: Ieva STRUNKIENE (PRIMUS, Lithuania)
Source: Eurofenix, 2016 Winter Edition

IP appointment lottery: Experiences in Lithuania, Slovakia and Hungary with random IP selection systems
Authors: Frank Heemann, Dr. Arnas STONYS (bnt attorneys in CEE, Lithuania), Mgr. Herman PIKALY (bnt attorneys in CEE, Slovakia) & Dr. Richárd BODIS (bnt attorneys in CEE, Hungary)
Source: Eurofenix, 2018 Spring Edition

2018 bnt CEE Insolvency Survey
We are grateful to Frank Heemann (Rechtsanwalt, Partner at bnt attorneys in CEE, Lithuania) for sharing this survey with the members of INSOL Europe.

Lithuania: Avoidance actions and good faith – what to observe when doing business with Lithuanian companies
Authors: Frank Heemann & Karolina GASPARKE (bnt attorneys in CEE, Lithuania)
Source: Eurofenix, 2017 Summer Edition

Personal guarantees: for all the wrong reasons
Author: Ieva STRUNKIENE (Triniti, Lithuania)
Source: Eurofenix, 2016 Winter Edition

Lithuania: New rules for fixing administration expenses: one step closer to a more effective and transparent insolvency procedure
Authors: Frank Heemann & Karolina GASPARKE (bnt attorneys in CEE, Lithuania)
Source: Eurofenix, 2016 Autumn Edition

Secondary insolvency proceedings in Lithuania
Authors: Frank Heemann & Karolina GASPARKE (bnt attorneys in CEE, Lithuania)
Source: Eurofenix, 2015 Winter Edition

Personal insolvency in Lithuania: a status quo update
Author: Sebastian OKINCZYC (Glimstedt, Lithuania)
Source: Eurofenix, 2015 Winter Edition

The Baltics: Corporate insolvency and restructuring proceedings compared
Authors: Edvins DRABA (SORAINEN, Latvia), Ignas DARGUZAS (SORAINEN, Lithuania) & Albert LINNTAM (SORAINEN, Estonia)
Source: Eurofenix, 2015 Autumn Edition

Lottery and liability: Recent developments in Lithuanian bankruptcy law
Authors: Frank HEEMANN & Karolina GRITYTE (bnt attorneys in CEE, Lithuania)
Updated: Eurofenix, 2015 Spring Edition

Lithuania: A new law aiming to reduce the social exclusion of insolvent individuals
Author: Ieva STRUNKIENE (Triniti, Lithuania)
Source: Eurofenix, 2014 Autumn Edition

Lithuania - The Bankruptcy of Natural Persons
Authors: Frank HEEMANN & Rüta MOTIEJUNAITE (bnt attorneys in CEE, Lithuania)
Source: Eurofenix, 2012 Autumn Edition