Our team has contributed to the latest edition of The Restructuring Review, published by Law Business Research. The editor Christopher Mallon remarks in his preface that under the current economic situation the demand for the restructuring work is likely to increase. Moreover, the importance of this kind of work is constantly increasing due to the international nature of corporate restructurings.
Our firm’s representatives, in addition to an overview of the overall restructuring situation, stress the emergence of the Natural Person bankruptcy in Lithuania. However, due to the tortuous nature of the process of a natural person going bankrupt it is argued that at present the possibility of this happening is more theoretical than a liable option in reality.