Lithuania runs a formal teismo įsakymas payment order process with a ten-year limitation period, giving foreign creditors more time than most EU jurisdictions to act.
Where several EU states cap commercial limitation at three to five years, Lithuania's ten-year window under its Civil Code gives creditors real breathing room, though earlier filing still recovers at higher rates.
This payment order procedure lets a creditor obtain an enforceable title without a full trial when the debt is undisputed, mirroring the EU Order for Payment mechanism most Baltic states rely on.
Creditors with exposure across both Baltic states should note that Latvia's procedure, while similar in spirit, has its own limitation rules and court structure, so the two cannot be treated as interchangeable.
Everything covered in this video, in full written form, in the complete article.
Read the full guideA creditor's guide to debt collection in Lithuania: statutes, payment orders, limitation, and bailiff enforcement, with a parallel look at Latvia.