INTEREST CALCULATION ON RETRIEVING DEBT PAYMENTS FROM LEGAL ENTITIES IN LITHUANIA

Oct 14, 2009
By Marius Matiukas, Associate Lawyer

Many companies and other economic entities recently face problems with late payments and, as a consequence, problems in retrieving debt payments. Because of the economic crisis some companies and other economic entities are not able to fulfill their obligations on commercial transactions and make remuneration for the goods or services received. There are some aspects that should be taken into account while retrieving the debt payments. First of all, it should be noted that interest on obliga ...

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