Republic of Lithuania Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment

This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured transac...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 12 pages 
651 4 |a Lithuania, Republic of 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a Micro Finance Institutions 
653 |a Debt 
653 |a Mortgages 
653 |a Legal support in revenue administration 
653 |a Solvency 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Liquidation 
653 |a Public Finance 
653 |a Finance: General 
653 |a Revenue 
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520 |a This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured transactions is rather easy and affordable. The privatization of the bailiffs system has contributed to accelerating the recovery process and increasing the enforcement efficiency. In the area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally consistent with international standards