A&O Shearman’s Restructuring across borders 2026 guide: chapter on Lithuania

International law firm A&O Shearman has published its Restructuring across borders 2026 guide, providing an overview of restructuring and insolvency frameworks across more than 50 jurisdictions worldwide. The Lithuania chapter was prepared by Ellex Lithuania Associate Partner Simona Danylė and Partner, Head of Dispute Resolution Miroslav Nosevič.

The Lithuania chapter outlines the restructuring and insolvency solutions available to companies under the Law on Insolvency of Legal Entities, together with the Civil Code and the Law on Companies. The insolvency and restructuring solutions available for the companies in Lithuania mainly cover:

• judicial bankruptcy proceedings;
• out-of-court bankruptcy proceedings;
• simplified bankruptcy proceedings;
• restructuring proceedings;
• informal restructuring;
• composition with creditors.

A&O Shearman is an international legal practice with nearly 4,000 lawyers, including around 750 partners, working across 28 countries worldwide. The firm’s Restructuring Across Borders guide is one of the most comprehensive and trusted resources on restructuring and insolvency law, covering jurisdictions across Europe, Asia, the Middle East and the United States.

Read the Lithuania chapter here.

Access the full guide here.