The social and economic role of banks in restructuring processes in Lithuania

Abstract

This is the part of the book which aims to present the results of research conducted at various European research centres focused on insolvency law. Researchers from Norway, Poland, Ukraine, Lithuania, Germany, the United Kingdom, and Slovenia provided their insights on court and out-of-court restructuring which is of great social importance. From a cognitive standpoint, it is important to analyse the circumstances influencing the choice of this restructuring method and the effects of such a decision on the socio-economic environment. The emphasis in this book is not only on describing what the law looks like (law-in-books) but, more importantly, on how the law operates in practice (law-in-action). For this reason, the work presents the practical aspects of restructuring and insolvency proceedings in different countries, taking into account the legal culture of each jurisdiction.