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Taking Counsel: New, more effective bankruptcy procedure in effect
The amendments of the Enterprise Bankruptcy Law came into force on July 1, 2008. Several essential changes were introduced with respect to the bankruptcy procedure in order to ensure the implementation of the EU law. One of the fundamental differences refers to the basic understanding of the insolvency state of the enterprise. If a company has not carried out its obligations (e.g., has not settled debts or has failed to perform works paid for in advance) and the due payments of the company (e ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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