Debt Collection in Lithuania

Due to the last years’ economic context, with so many entrepreneurs affected by the economic crisis, is natural that some of them are facing the impossibility of paying their debts. Because of this fact many creditors chose to ask for prepayments on the delivered goods and services. This may lead…
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Company Liquidation in Lithuania

Company Liquidation in Lithuania

Lithuanian companies can be liquidated voluntary, by the free will of their shareholders, or compulsory - by a Court’s decision. Usually, the reasons why a company is liquidated are various, such as: the expiration of the period posted in the articles of association, the achieving of the purposes stated in those…
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