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Lithuania

Restruktūrizavimo administratorius (Lithuania)

  • Generic name of profession

    Title:
    Insolvency practitioner
  • Identification

    Name of regulated profession:
    Restruktūrizavimo administratorius
    Translation(s):
    Restructuring administrator (EN)
    Country:
    Lithuania
    Region:
    All regions
  • Legal information

    Legal basis for regulation

     
    EU Law :
    None
    National legislation:

    Law on Enterprise Restructuring of 2 July 2010, No. XI-978

    Useful link:
    http://www3.lrs.lt/pls/inter3/dokpaieska.showdoc_l?p_id=377908&p_query=&p_tr2=

    Regulation

     
    Type of regulation :
    Reserves of activities

    Recognition

     
    Recognition under:
    DIRECTIVE 2005/36/EC
    Additional information :

    Law on the Recognition of Regulated professional qualifications of 3 April 2008, No. X-1478

    Recognition under Directive 2005/36/EC:
    General system of recognition - primary application
    Qualification level:
    PS4 - Diploma of post-secondary level (exactly 4 years) , Art. 11 e
    Prior check of qualifications under article 7(4):
    No
    Prior check of qualifications only for individual professionals not benefiting from automatic recognition:
    No
  • Activities

    Description of activities:

    Įmonės restruktūrizavimo administratorius (toliau – restruktūrizavimo administratorius) tai teismo paskirtas atlikti įmonės restruktūrizavimo procedūras fizinis ar juridinis asmuo, turintis teisę teikti įmonių restruktūrizavimo administravimo paslaugas ir šią teisę įgijęs įstatymo ir su jo įgyvendinimu susijusių teisės aktų nustatyta tvarka.

    • Imasi priemonių, kad teismo nustatytais terminais būtų parengtas, pateiktas tvirtinti ir įgyvendintas restruktūrizavimo planas;

    • Rengia rašytinę išvadą dėl restruktūrizavimo plano projekto įgyvendinimo galimybių ir ją pateikia įmonės valdymo organui;

    • Prižiūri restruktūrizuojamos įmonės valdymo organų veiklą, susijusią su restruktūrizavimo plano vykdymu.

    • Restruktūrizavimo administratorius atlieka savo pareigas pagal su įmone sudarytą atlygintinų paslaugų teikimo sutartį, kurią įmonės vardu pasirašo įmonės valdymo organas.

    Translation(s):

    Administrator of enterprise restructuring (hereinafter referred to as the restructuring administrator) a natural or legal person appointed by the court and having the right to provide enterprise restructuring administration services who has acquired such a right pursuant to law and other legal acts relating to the implementation thereof.

    • Takes measures to draft, submit for approval and implement a restructuring plan within the time limits set by the court.

    • Prepares a written conclusion on the feasibility of the draft restructuring plan and submits it to the management body of the enterprise.

    • Supervises the activities of the management bodies of the enterprise under restructuring relating to the implementation of the restructuring plan.

    • A restructuring administrator performs his duties under a contract for services provided against payment concluded with an enterprise, signed on behalf of the enterprise by the management body of the enterprise.

    (EN)
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