Changes in the legal regulation of insolvency in Lithuania during the implementation of the Directive on restructuring and insolvency

Straipsnyje analizuojami 2021 m. liepos 15 d. įsigalioję esminiai juridinių asmenų nemokumo teisinio reguliavimo pakeitimai, priimti įgyvendinant Restruktūrizavimo ir nemokumo direktyvos 2019/1023 nuostatas. Išsamiai pristatomi esminiai pokyčiai, susiję su pareiga verslui pasinaudoti prevencinio restruktūrizavimo mechanizmais ir restruktūrizavimo prieinamumo bei patrauklumo didinimu. Daroma išvada, kad aptarti teisinio reglamentavimo pakeitimai sudaro svarias prielaidas pagerinti restruktūrizavimo sąlygas ir paskatinti verslą plačiau ir intensyviau naudotis šiuo teisiniu instrumentu, tačiau šiame nemokumo valdymo reformų įgyvendinimo etape svarbi tikslinga ir efektyvi komunikacija apie restruktūrizavimo teisines galimybes informuojant verslą.This article analyses the essential changes in the legal regulation of the insolvency process of legal entities that entered into force on 15 July 2021, which were transferred to the Lithuanian national legal regulation as a result of transposition of the provisions of the Directive 2019/1023 of restructuring and insolvency. The article analyses in detail the essential changes, related to the obligation for businesses to use preventive restructuring mechanisms and increasing the accessibility and attractiveness of restructuring for businesses. It is concluded that the discussed regulatory changes are important for improving the conditions for restructuring and encouraging businesses to make wider and more intensive use of this legal instrument, but targeted and effective communication on restructuring legal options is important at this stage of insolvency management reforms