Prepared review for Restructuring & Insolvency 2015

Partner Giedrius Kolesnikovas has contributed to the Lithuanian overview in the jurisdictional guide Restructuring & Insolvency 2015 from the Getting the Deal Through Series.

Restructuring & Insolvency looks at the existing frameworks and particular issues within each of the 46 jurisdictions across the globe. Giedrius Kolesnikovas provided his insights into the Lithuanian market and the relevant trends. The author notes that 2015 will mark a substantial change in bankruptcy procedure, as the bankruptcy administrator will be selected by computer from a prepared list, thus essentially reducing the lengthy process of the administrator’s setting and the bankruptcy procedure itself.