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Due to the consequences of COVID-19, the insolvency of legal entities has been suspended

On 21 April, the Seimas of the Republic of Lithuania adopted the new law on the impact of the consequences of the new Coronavirus. The law aims to help companies facing financial difficulties and/or insolvency as a result of quarantine in the country during a coronavirus pandemic by providing additional time to manage the situation and restore solvency. Read more in Lithuanian…