Bankruptcy processes by economic activity

05.06.2020 Bankruptcy processes by economic activity

By Junior Associate Agata Zimariovaitė 

The analysis of bankruptcy processes by economic activity of legal entities initiated in QI 2020 shows that the majority of bankruptcy processes were initiated for the companies engaged in the following activities: 

  • Wholesale and retail trade (23.7%)
  • Construction (19.3%)
  • Manufacturing (10.2%)
  • Accommodation and catering services (7.5%)
  • Professional, scientific, and technical activities (7.1%)
  • Transport and storage (6.1%)

The comparison of the above data with the data for the respective period in 2019 shows that the number of bankruptcies in many activities has decreased or remained unchanged (e.g. education activities). A slight increase in the number of bankruptcy processes is observed in agriculture, forestry and fishing, water supply, waste water treatment, waste management and recovery activities, and accommodation and catering services.

Prepared according to: Overview of bankruptcy and restructuring processes of legal entities and bankruptcy processes of natural persons in January–March 2020

Contact person:

Karolina Gasparke BW580

Karolina Gasparkė
Senior Associate 
karolina.gasparke@tgsbaltic.com

 

Insolvency Solutions team:

Zydrune Stuglyte bw 2 v2

  Žydrūnė Stuglytė          Associate Partner

Marius Brasiunas bw 2 v2

 Marius Brasiūnas           Associate Partner

Vytis Grybauskas bw 2 v2

 Vytis Grybauskas                   Associate

Agata Zimariovaite BW580

 Agata Zimariovaitė             Junior Associate

Beatrice Stiopinaite BW580

 Beatričė Stiopinaitė            Junior Associate 

Lukas Radzevicius BW580

 Lukas Radzevičius                 Legal Assistant