Business Reorganisation Assessment: Lithuania

02.02.2022 Business Reorganisation Assessment: Lithuania

By Associate Partner Marius Brasiūnas and Associate Lukas Radzevičius

The European Bank for Reconstruction and Development (EBRD) has completed an assessment of business reorganization tool in 38 emerging economies where the EBRD is active. TGS Baltic Associate Partner Marius Brasiūnas and Associate Lukas Radzevičius contributed in the EBRD Business Reorganisation Report by giving detailed information about restructuring process and its environment in Lithuania: Business Reorganisation Assessment: Lithuania.

The main goal of EBRD was to help governments and legislators to identify where longer-term legal reforms are needed to encourage the use of insolvency tools for business continuity and turnaround. We are confident that the insights of TGS Baltic will change the approach to restructuring and create conditions for real business preservation.

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