Insolvency & Restructuring

Our Insolvency & Restructuring practice has been evolving rapidly recently. We have represented clients in insolvency proceedings with great sensitivity, working with creditors and bankruptcy administrators. Our clients appreciate how wide and at the same time in-depth our experience is. If you are looking for value-added legal solutions, no matter whether they are achieved in or out of court, you can rely on us to guide you through all aspects of restructuring and insolvency matters, on both local and cross-border level.

Game-changing impact

Our work on big financial institutions’ bankruptcy proceedings has played a role in changing the legal landscape in Lithuania.

Well-versed in bankruptcy administration

Our relations with the bankruptcy and restructuring market are strong, as we have represented a significant number of bankruptcy administrators when the state has questioned whether they have met their obligations, and has looked to terminate their certificates or activities.

Sharing knowledge gladly

Our team members give presentations on various aspects of insolvency services to local bankruptcy administrator associations, and these can be arranged throughout the region as well – you only need to ask. We like to keep all our markets updated.

We can help you with

  • Debt restructuring and collection
  • Investigating, pursuing and defending claims for and against companies and managing bodies in bankruptcy and restructuring proceedings
  • Acting as insolvency practitioners
  • Representing debtors-in-possession in restructuring proceedings
  • Out-of-court creditor compositions
  • Pre-insolvency reorganization and refinancing
  • Protection of creditors’ rights
  • Representing and advising trustees
  • Planning and carrying out restructuring plans, confirmation actions (including cramdowns)
  • Acquiring assets from restructuring and bankruptcy estates
  • Bailouts, distressed buyouts and exit financing
  • Advice on cross-border insolvency issues, including the EU Insolvency Regulation

Contact us


  • Legal Adviser

    Rietumu Banka

    Full scope assistance and strategic advice on collection from insolvent debtors, including protecting сlient’s interests in bankruptcy proceedings through participating in creditors’ committees

  • Legal Adviser


    Representing in recovery of 4 Embraer E170 aircraft from Estonian Air, the failed national carrier, in liquidation

  • Legal Adviser

    Froslev Trae

    Representing the client in a complex matter related to the bankruptcy proceedings of GKF, one of the largest sawmill companies in Lithuania

    Approx EUR 18 million
  • Legal Adviser

    GIEK Kredittforsikring

    Assisting a credit insurance company, owned by Norway, throughout legal protection (reorganisation) proceedings of companies in Latvia and Estonia

  • Legal Adviser

    Representing creditors in the liquidation of Trasta Komercbanka

    Representing foreign creditors from different jurisdictions (EU and non-EU) in the liquidation and insolvency of Trasta Komercbanka, a credit institution (bank) registered in Latvia

  • Legal Adviser

    Prima Pet Premium (Finland) and Vafo Praha (Czech)

    Representing pet food producers in bankruptcy proceedings of Estonian retailers. We are also advising the bankruptcy trustees in relation to claims against the management board

  • Legal Adviser

    Bankrupt credit unions

    Representing the bankruptcy administrator in bankruptcy and related proceedings of insolvent credit unions, Vilniaus kreditas and Taupkasė

  • Legal Adviser

    Belarusian Railways

    Advising the Belarusian major railway service provider on bankruptcy proceedings of its Estonian counteragent and succeeded in helping the client obtain the proofs of bankruptcy for the purposes of regulatory compliance in Belarus