Provided the insights for Restructuring & Insolvency 2013

The 2013 edition of Restructuring & Insolvency addresses the statutory framework in which the market operates as well as the legal position within each of the 52 jurisdictions across the globe on the specific issues.

Our team provided the insights into the Lithuanian market and evaluated future trends, the most important of which is a Natural Person bankruptcy law which comes in force in March of 2013. The law aims to help individuals who are struggling financially to help restore their solvency. However, the law has already received critique due to its complexness and the provision of an unrealistically high price for going bankrupt.