Counterparty Verification in Lithuania and Other Foreign Jurisdictions

Counterparty verification is essential for reliable business operations and for the safety and success of your company.

It helps identify hidden pitfalls, the risk of overdue debt, and the risk of a partner’s bankruptcy.

When verification is needed

When counterparty verification is needed

New business relationships

When establishing and building relationships with new clients

Before signing contracts

Cooperation, sale, supply agreements, etc.

Connections between companies

When it is necessary to check possible links between companies and the ultimate beneficial owner

Debt claims

If there are claims for the recovery of receivables

Approaching a bank

When approaching banking or financial institutions

Before filing a lawsuit

Before filing a claim in court to recover overdue debt

What the check shows

Risk assessment and solvency verification will allow you to determine

A historical overview of the company

Registration date, changes of address, owners, activities, contact details

Current registration details and contacts

The company's business activities (NACE codes)

Production capacity

Whether the company has its own facilities to produce goods or provide services

Owners and beneficiaries

Information about the owners and possible related persons/groups of persons

Licenses

Whether licenses for certain activities are held

Tax arrears

Outstanding tax debts, fees and mandatory insurance contributions

Real estate and assets

Real estate owned, number of vehicles owned/used

Employees

Number of employees and their average salary

Financial reporting

The latest filed annual financial statements

Court cases

Court cases involving the company as a defendant, asset seizures

Solvency

A solvency opinion and possible bankruptcy or liquidation status

Our advantages

Experience since 2018

We have worked in Lithuania on business legal support and counterparty verification since 2018

Long-term cooperation

We have long-standing cooperation as contractors on Lithuanian matters with major law firms from other countries

Experienced team

A team of accountants and lawyers with many years of experience, including in banking and factoring

Verification in any jurisdiction

We verify counterparties in Lithuania and foreign jurisdictions where access to information is limited

Comprehensive analysis

We comprehensively analyse the counterparty based on available information and formulate a conclusion

Debt collection support

In case of debt, we can carry out claim work with subsequent preparation of lawsuits by Lithuanian attorneys

Contact form

Need to check a counterparty?

Our team will help check Lithuanian counterparties in the shortest possible time.

Contact Us

Have a Question?

You can fill the form, call us, write an email or text a message.

info@legalmechanic.com

Counterparty Verification in Lithuania and Other Foreign Jurisdictions