data/processed/reports/cr-2011-320.json

{
  "schema_version": "1.1.0",
  "report_id": "cr-2011-320",
  "source_sha256": "a026170b09d92adbd7558eaaa9477e692abdeb0287ab331bb91b4da086a8b666",
  "title": "Republic of Lithuania: Technical Assistance Report on Proposals for Reforming the Insolvency Regime",
  "language": [
    "English"
  ],
  "authors": [
    {
      "name": "International Monetary Fund",
      "role": "indexed_institutional_author",
      "evidence": [
        {
          "source": "imf_index_metadata"
        }
      ],
      "confidence": 1.0
    },
    {
      "name": "a staff team of the",
      "role": "prepared_by",
      "verbatim_statement": "a staff team of the",
      "evidence": [
        {
          "evidence_id": "ev-b666d837045e1fe5",
          "page": 1,
          "quote": "Prepared By\na staff team of the",
          "source": "document"
        }
      ],
      "confidence": 0.82
    }
  ],
  "countries": [
    {
      "name": "Republic of Lithuania",
      "formal_name": "Lithuania, Republic of",
      "iso3": "LTU",
      "evidence": [
        {
          "source": "imf_index_metadata"
        }
      ],
      "confidence": 1.0
    }
  ],
  "dates": [
    {
      "type": "publication",
      "start": "2016-12-31",
      "end": "2016-12-31",
      "precision": "day",
      "verbatim": "2016-12-31",
      "evidence": [
        {
          "source": "imf_publication_url"
        }
      ],
      "confidence": 0.98
    },
    {
      "type": "imf_index_date",
      "start": "2011-11-09",
      "end": "2011-11-09",
      "precision": "day",
      "verbatim": "2011-11-09T05:00:00Z",
      "evidence": [
        {
          "source": "imf_index_metadata"
        }
      ],
      "confidence": 1.0
    },
    {
      "type": "date_mention",
      "start": "2001-01-29",
      "end": "2001-01-29",
      "precision": "day",
      "verbatim": "January 29, 2001",
      "evidence": [
        {
          "evidence_id": "ev-87d9b205be1fb933",
          "page": 1,
          "quote": "January 29, 2001",
          "source": "document"
        }
      ],
      "confidence": 0.65
    },
    {
      "type": "mission_or_report_range",
      "start": "2010-05-03",
      "end": "2010-05-07",
      "precision": "day",
      "verbatim": "May 3-7, 2010",
      "evidence": [
        {
          "evidence_id": "ev-8dc150dd817d38cd",
          "page": 5,
          "quote": "May 3-7, 2010",
          "source": "document"
        }
      ],
      "confidence": 0.8
    }
  ],
  "metadata": {
    "series": [
      "IMF Staff Country Reports"
    ],
    "series_volume_no": "Country Report No.  2011/320",
    "doi": [],
    "isbn": [],
    "subjects": [
      "Financial sector policy and analysis",
      "Asset and liability management",
      "Revenue administration"
    ],
    "topics": [
      "Financial and monetary sector|Financial sector policy and analysis ",
      " Financial and monetary sector ",
      " Financial and monetary sector|Asset and liability management ",
      " Financial and monetary sector ",
      " Fiscal policy and management|Revenue administration ",
      " Fiscal policy and management ",
      " Fund operations|IMF lending|Lending mechanisms|Concessional lending mechanisms|Repayment ",
      " Fund operations|IMF lending|Lending mechanisms|Concessional lending mechanisms ",
      " Fund operations|IMF lending|Lending mechanisms ",
      " Fund operations|IMF lending ",
      " Fund operations ",
      " Fund operations|Capacity development|Capacity development delivery ",
      " Fund operations|Capacity development ",
      " Fund operations ",
      " Fund operations|IMF lending|Charges ",
      " Fund operations|IMF lending ",
      " Fund operations"
    ],
    "keywords": [
      "ISCR,CR,government,insolvency regime,company,debtor,creditor,proceeding,State consumer rights protection authority,bankruptcy administrator,state prosecutor,bankruptcy regime,Solvency,Debt restructuring,Institutional arrangements for revenue administration,Legal support in revenue administration,Debt settlement,Europe"
    ],
    "description_indexed": "In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.",
    "authoring_departments": [
      {
        "name": "Legal Department",
        "evidence": [
          {
            "evidence_id": "ev-22baa18441adde46",
            "page": 2,
            "quote": "Legal Department",
            "source": "document"
          }
        ],
        "confidence": 0.9
      },
      {
        "name": "Finance Department",
        "evidence": [
          {
            "evidence_id": "ev-6f54351510ede603",
            "page": 5,
            "quote": "Finance Department",
            "source": "document"
          }
        ],
        "confidence": 0.9
      }
    ],
    "source_page_url": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-lithuania-technical-assistance-report-on-proposals-for-reforming-the-insolvency-25340",
    "source_pdf_url": "https://www.imf.org/external/pubs/ft/scr/2011/cr11320.pdf",
    "page_count": 38,
    "interim_extraction_method": "pymupdf4llm+pymupdf-layout",
    "needs_ocr_pages": []
  },
  "observations": [
    {
      "text": "The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Republic of Lithuania or the Executive Board of the IMF.",
      "verbatim": "The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Republic of Lithuania or the Executive Board of the IMF.",
      "topic": null,
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-a38c49e121da91dc",
          "page": 1,
          "quote": "The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Republic of Lithuania or the Executive Board of the IMF.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0001"
    },
    {
      "text": "Artūras Černiauskas, President of Lithuanian Trade Union Confederation; Vytautas Gapšys, Member of Committee on Legal Affairs of the Seimas; Kęstutis Daukšys, Member of Committee on Economics of the Seimas; Dr.",
      "verbatim": "Artūras Černiauskas, President of Lithuanian Trade Union Confederation; Vytautas Gapšys, Member of Committee on Legal Affairs of the Seimas; Kęstutis Daukšys, Member of Committee on Economics of the Seimas; Dr.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-36b6b2325b0762c5",
          "page": 5,
          "quote": "Artūras Černiauskas, President of Lithuanian Trade Union Confederation; Vytautas Gapšys, Member of Committee on Legal Affairs of the Seimas; Kęstutis Daukšys, Member of Committee on Economics of the Seimas; Dr.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0002"
    },
    {
      "text": "This report summarizes key findings and recommendations prepared on the basis of the mission’s review of Lithuania’s legal and institutional insolvency framework, and on the information provided by the authorities and other stakeholders met during the mission.",
      "verbatim": "This report summarizes key findings and recommendations prepared on the basis of the mission’s review of Lithuania’s legal and institutional insolvency framework, and on the information provided by the authorities and other stakeholders met during the mission.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-094abe53287b49ac",
          "page": 5,
          "quote": "This report summarizes key findings and recommendations prepared on the basis of the mission’s review of Lithuania’s legal and institutional insolvency framework, and on the information provided by the authorities and other stakeholders met during the mission.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0003"
    },
    {
      "text": "report identifies key shortcomings of the current legal and institutional framework with respect to the corporate insolvency regime and presents options for reform based on their legal, institutional and technical feasibility and in light of international best practices (where applicable).",
      "verbatim": "report identifies key shortcomings of the current legal and institutional framework with respect to the corporate insolvency regime and presents options for reform based on their legal, institutional and technical feasibility and in light of international best practices (where applicable).",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-7e7594089c6ad4fb",
          "page": 6,
          "quote": "report identifies key shortcomings of the current legal and institutional framework with respect to the corporate insolvency regime and presents options for reform based on their legal, institutional and technical feasibility and in light of international best practices (where applicable).",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0004"
    },
    {
      "text": "A LEG’s fact finding mission visited Vilnius during May 3-7 and met with the representatives of the government, the Judiciary, Parliament, other public agencies and stakeholders in the private sector.",
      "verbatim": "A LEG’s fact finding mission visited Vilnius during May 3-7 and met with the representatives of the government, the Judiciary, Parliament, other public agencies and stakeholders in the private sector.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-da658b9227334cac",
          "page": 7,
          "quote": "A LEG’s fact finding mission visited Vilnius during May 3-7 and met with the representatives of the government, the Judiciary, Parliament, other public agencies and stakeholders in the private sector.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0005"
    },
    {
      "text": "However, acknowledging the existence of some shortcomings in the current regime, the Ministry of Economy (MoE) is working towards addressing some areas in need for immediate reforms.",
      "verbatim": "However, acknowledging the existence of some shortcomings in the current regime, the Ministry of Economy (MoE) is working towards addressing some areas in need for immediate reforms.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-b806f87390841aa1",
          "page": 7,
          "quote": "However, acknowledging the existence of some shortcomings in the current regime, the Ministry of Economy (MoE) is working towards addressing some areas in need for immediate reforms.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0006"
    },
    {
      "text": "This gap in the legal framework has become more apparent since the emergence of the global financial crisis that had a toll on Lithuania’s private sector, not only affecting corporate but also the household sector.",
      "verbatim": "This gap in the legal framework has become more apparent since the emergence of the global financial crisis that had a toll on Lithuania’s private sector, not only affecting corporate but also the household sector.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-e1a253eb7b14d703",
          "page": 7,
          "quote": "This gap in the legal framework has become more apparent since the emergence of the global financial crisis that had a toll on Lithuania’s private sector, not only affecting corporate but also the household sector.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0007"
    },
    {
      "text": "This report summarizes the main findings and recommendations of the fact finding mission.",
      "verbatim": "This report summarizes the main findings and recommendations of the fact finding mission.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-5c6bc44d401a091b",
          "page": 7,
          "quote": "This report summarizes the main findings and recommendations of the fact finding mission.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0008"
    },
    {
      "text": "However, the discharge of a debtor following a state of insolvency is not the ultimate goal, but rather to achieve the overall debtor’s rehabilitation.",
      "verbatim": "However, the discharge of a debtor following a state of insolvency is not the ultimate goal, but rather to achieve the overall debtor’s rehabilitation.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-7e84693bd1ac90f0",
          "page": 9,
          "quote": "However, the discharge of a debtor following a state of insolvency is not the ultimate goal, but rather to achieve the overall debtor’s rehabilitation.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0009"
    },
    {
      "text": "In continental Europe, however, the traditional approach has been to require the completion of a “payment plan” before any discharge could be achieved, which is known as the “consumer debt adjustment” model.",
      "verbatim": "In continental Europe, however, the traditional approach has been to require the completion of a “payment plan” before any discharge could be achieved, which is known as the “consumer debt adjustment” model.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-c5ae2243f832e4a0",
          "page": 9,
          "quote": "In continental Europe, however, the traditional approach has been to require the completion of a “payment plan” before any discharge could be achieved, which is known as the “consumer debt adjustment” model.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0010"
    },
    {
      "text": "In sum, the main goal of the insolvency proceedings for individuals is to rehabilitate the debtor by discharging his remaining debts after having repaid the debt for a specified period of time and fulfilled certain requirements, thus enabling him to return to an economic life as any other member of society.",
      "verbatim": "In sum, the main goal of the insolvency proceedings for individuals is to rehabilitate the debtor by discharging his remaining debts after having repaid the debt for a specified period of time and fulfilled certain requirements, thus enabling him to return to an economic life as any other member of society.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-12ce75075f29b4ce",
          "page": 9,
          "quote": "In sum, the main goal of the insolvency proceedings for individuals is to rehabilitate the debtor by discharging his remaining debts after having repaid the debt for a specified period of time and fulfilled certain requirements, thus enabling him to return to an economic life as any other member of society.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0011"
    },
    {
      "text": "management skills (i.e., financial education), which may have not been possessed by the debtor prior to his/her entering in debt distress or default.",
      "verbatim": "management skills (i.e., financial education), which may have not been possessed by the debtor prior to his/her entering in debt distress or default.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-9915d0de5901ea56",
          "page": 10,
          "quote": "management skills (i.e., financial education), which may have not been possessed by the debtor prior to his/her entering in debt distress or default.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0012"
    },
    {
      "text": "In doing this assessment however, a key and challenging issue is the basis upon which such income is determined.",
      "verbatim": "In doing this assessment however, a key and challenging issue is the basis upon which such income is determined.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-a6f6db180e291902",
          "page": 11,
          "quote": "In doing this assessment however, a key and challenging issue is the basis upon which such income is determined.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0013"
    },
    {
      "text": "b) Exit due to lack of capacity to implement a plan .",
      "verbatim": "b) Exit due to lack of capacity to implement a plan .",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-a7d846fad455e10d",
          "page": 12,
          "quote": "b) Exit due to lack of capacity to implement a plan .",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0014"
    },
    {
      "text": "A framework that aims at providing debt advisory and counseling and financial education services to individuals is essential to support an effective personal bankruptcy regime.",
      "verbatim": "A framework that aims at providing debt advisory and counseling and financial education services to individuals is essential to support an effective personal bankruptcy regime.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-6de94fb3dd650168",
          "page": 13,
          "quote": "A framework that aims at providing debt advisory and counseling and financial education services to individuals is essential to support an effective personal bankruptcy regime.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0015"
    },
    {
      "text": "Furthermore, an effective personal bankruptcy regime requires a strong institutional framework to implement the law in a consistent, predictable and transparent manner.",
      "verbatim": "Furthermore, an effective personal bankruptcy regime requires a strong institutional framework to implement the law in a consistent, predictable and transparent manner.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-e459dcf5e7b48317",
          "page": 13,
          "quote": "Furthermore, an effective personal bankruptcy regime requires a strong institutional framework to implement the law in a consistent, predictable and transparent manner.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0016"
    },
    {
      "text": "In sum, the introduction of a personal bankruptcy act that is adequately designed does not give rise to a further loss for the creditors than that they would have suffered anyway due to the debtor’s lack of capacity to repay.",
      "verbatim": "In sum, the introduction of a personal bankruptcy act that is adequately designed does not give rise to a further loss for the creditors than that they would have suffered anyway due to the debtor’s lack of capacity to repay.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-d07eb749d970eea2",
          "page": 15,
          "quote": "In sum, the introduction of a personal bankruptcy act that is adequately designed does not give rise to a further loss for the creditors than that they would have suffered anyway due to the debtor’s lack of capacity to repay.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0017"
    },
    {
      "text": "Article 20 of the Enterprises Bankruptcy Act [4] there is only a brief description of procedural elements to be pursued by the bankruptcy administrator, but no clear definition of what are the acts or behaviors that would give rise to a finding of fraudulent bankruptcy.",
      "verbatim": "Article 20 of the Enterprises Bankruptcy Act [4] there is only a brief description of procedural elements to be pursued by the bankruptcy administrator, but no clear definition of what are the acts or behaviors that would give rise to a finding of fraudulent bankruptcy.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-5ee65fa20c011c25",
          "page": 16,
          "quote": "Article 20 of the Enterprises Bankruptcy Act [4] there is only a brief description of procedural elements to be pursued by the bankruptcy administrator, but no clear definition of what are the acts or behaviors that would give rise to a finding of fraudulent bankruptcy.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0018"
    },
    {
      "text": "As providing advice on criminal law matters would fall outside our areas of expertise, our assessment and recommendations in this subsection are focused on the shortcomings identified in the Bankruptcy Act from the civil/commercial dimension.",
      "verbatim": "As providing advice on criminal law matters would fall outside our areas of expertise, our assessment and recommendations in this subsection are focused on the shortcomings identified in the Bankruptcy Act from the civil/commercial dimension.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-efca966390113787",
          "page": 16,
          "quote": "As providing advice on criminal law matters would fall outside our areas of expertise, our assessment and recommendations in this subsection are focused on the shortcomings identified in the Bankruptcy Act from the civil/commercial dimension.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0019"
    },
    {
      "text": "Based on the mission’s findings and analysis of the facts, the main reasons for the low rate of prosecution of fraudulent bankruptcies in Lithuania could be attributed to the following shortcomings in legal and institutional frameworks:",
      "verbatim": "Based on the mission’s findings and analysis of the facts, the main reasons for the low rate of prosecution of fraudulent bankruptcies in Lithuania could be attributed to the following shortcomings in legal and institutional frameworks:",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-032382d2bac47600",
          "page": 16,
          "quote": "Based on the mission’s findings and analysis of the facts, the main reasons for the low rate of prosecution of fraudulent bankruptcies in Lithuania could be attributed to the following shortcomings in legal and institutional frameworks:",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0020"
    },
    {
      "text": "In particular, the use of the term “deliberate mismanagement” in the definition is very ambiguous and thus, it impedes making a finding of fraudulent bankruptcies by the courts.",
      "verbatim": "In particular, the use of the term “deliberate mismanagement” in the definition is very ambiguous and thus, it impedes making a finding of fraudulent bankruptcies by the courts.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-d95e994244ac3427",
          "page": 16,
          "quote": "In particular, the use of the term “deliberate mismanagement” in the definition is very ambiguous and thus, it impedes making a finding of fraudulent bankruptcies by the courts.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0021"
    },
    {
      "text": "In this case the administrator shall be deemed to have learnt of the contracts from the order to institute bankruptcy proceedings became effective.”",
      "verbatim": "In this case the administrator shall be deemed to have learnt of the contracts from the order to institute bankruptcy proceedings became effective.”",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-9bf7bd140e5d973a",
          "page": 16,
          "quote": "In this case the administrator shall be deemed to have learnt of the contracts from the order to institute bankruptcy proceedings became effective.”",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0022"
    },
    {
      "text": "[3] However, available data show that only few bankruptcy cases are found “fraudulent” by the courts despite such widespread perception.",
      "verbatim": "[3] However, available data show that only few bankruptcy cases are found “fraudulent” by the courts despite such widespread perception.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-1482ab51c7a3cf46",
          "page": 16,
          "quote": "[3] However, available data show that only few bankruptcy cases are found “fraudulent” by the courts despite such widespread perception.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0023"
    },
    {
      "text": "Bankruptcy administrators and judges in Lithuania appear to lack the capacity",
      "verbatim": "Bankruptcy administrators and judges in Lithuania appear to lack the capacity",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-ceb8ba9082efdfd1",
          "page": 17,
          "quote": "Bankruptcy administrators and judges in Lithuania appear to lack the capacity",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0024"
    },
    {
      "text": "In the case of bankruptcy administrators the issue appears to be not the lack of capacity to conduct such investigations and assessments, but rather a lack of ‘incentives” to pursue them.",
      "verbatim": "In the case of bankruptcy administrators the issue appears to be not the lack of capacity to conduct such investigations and assessments, but rather a lack of ‘incentives” to pursue them.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-c7f0a0c4dea9c389",
          "page": 17,
          "quote": "In the case of bankruptcy administrators the issue appears to be not the lack of capacity to conduct such investigations and assessments, but rather a lack of ‘incentives” to pursue them.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0025"
    },
    {
      "text": "Lithuanian judges the mission interviewed confirmed that they lack the adequate capacity to conduct these types of investigations and analysis.",
      "verbatim": "Lithuanian judges the mission interviewed confirmed that they lack the adequate capacity to conduct these types of investigations and analysis.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-98751c74050624bb",
          "page": 17,
          "quote": "Lithuanian judges the mission interviewed confirmed that they lack the adequate capacity to conduct these types of investigations and analysis.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0026"
    },
    {
      "text": "The current institutional arrangements do not allow for an effective and efficient",
      "verbatim": "The current institutional arrangements do not allow for an effective and efficient",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-e2f723bd012ff02b",
          "page": 17,
          "quote": "The current institutional arrangements do not allow for an effective and efficient",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0027"
    },
    {
      "text": "The mission is of the view that although it is indeed problematic that no criminal actions are pursued in the above-mentioned cases, there appears to be a more fundamental question related to the bankruptcy proceedings themselves, namely, why bankruptcy administrators do not make use of the existing provisions under the current insolvency regime that would allow them to invalidate transactions during the suspect period?",
      "verbatim": "The mission is of the view that although it is indeed problematic that no criminal actions are pursued in the above-mentioned cases, there appears to be a more fundamental question related to the bankruptcy proceedings themselves, namely, why bankruptcy administrators do not make use of the existing provisions under the current insolvency regime that would allow them to invalidate transactions during the suspect period?",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-3766ee0799becbbe",
          "page": 17,
          "quote": "The mission is of the view that although it is indeed problematic that no criminal actions are pursued in the above-mentioned cases, there appears to be a more fundamental question related to the bankruptcy proceedings themselves, namely, why bankruptcy administrators do not make use of the existing provisions under the current insolvency regime that would allow them to invalidate transactions during the suspect period?",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0028"
    },
    {
      "text": "To comprehensively address the above-mentioned shortcomings, the authorities would have to work on different fronts.",
      "verbatim": "To comprehensively address the above-mentioned shortcomings, the authorities would have to work on different fronts.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-292a745b9b6c7832",
          "page": 17,
          "quote": "To comprehensively address the above-mentioned shortcomings, the authorities would have to work on different fronts.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0029"
    },
    {
      "text": "In designing an effective legal framework for addressing fraudulent bankruptcies it is very important to set up a clear standard that determines the principles and terms of the investigation or inquiry to be carried out by the bankruptcy administrator to determine whether signs of deliberate or fictitious bankruptcy cases are in place.",
      "verbatim": "In designing an effective legal framework for addressing fraudulent bankruptcies it is very important to set up a clear standard that determines the principles and terms of the investigation or inquiry to be carried out by the bankruptcy administrator to determine whether signs of deliberate or fictitious bankruptcy cases are in place.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-a23b62abcccf8e78",
          "page": 18,
          "quote": "In designing an effective legal framework for addressing fraudulent bankruptcies it is very important to set up a clear standard that determines the principles and terms of the investigation or inquiry to be carried out by the bankruptcy administrator to determine whether signs of deliberate or fictitious bankruptcy cases are in place.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0030"
    },
    {
      "text": "In the specific case of Lithuania, addressing the shortcomings in the area of fraudulent bankruptcy involves passing legislation that would provide for the following:",
      "verbatim": "In the specific case of Lithuania, addressing the shortcomings in the area of fraudulent bankruptcy involves passing legislation that would provide for the following:",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-0948ee10fab2460a",
          "page": 18,
          "quote": "In the specific case of Lithuania, addressing the shortcomings in the area of fraudulent bankruptcy involves passing legislation that would provide for the following:",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0031"
    },
    {
      "text": "For instance, the EBA does not provide for a mechanism that would prevent the effective discontinuation of the company’s business.",
      "verbatim": "For instance, the EBA does not provide for a mechanism that would prevent the effective discontinuation of the company’s business.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-600f4ae523976e2f",
          "page": 20,
          "quote": "For instance, the EBA does not provide for a mechanism that would prevent the effective discontinuation of the company’s business.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0032"
    },
    {
      "text": "It is worth noting, however, that in the mission’s views, the shortcomings that would be more difficult to address are those involving the insolvency regime’s institutional framework.",
      "verbatim": "It is worth noting, however, that in the mission’s views, the shortcomings that would be more difficult to address are those involving the insolvency regime’s institutional framework.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-cf5422f8ee41a83a",
          "page": 20,
          "quote": "It is worth noting, however, that in the mission’s views, the shortcomings that would be more difficult to address are those involving the insolvency regime’s institutional framework.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0033"
    },
    {
      "text": "The EBA also does not confer on the administrator the power to use or dispose of third party-owned assets.",
      "verbatim": "The EBA also does not confer on the administrator the power to use or dispose of third party-owned assets.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-73171c18c6551e10",
          "page": 20,
          "quote": "The EBA also does not confer on the administrator the power to use or dispose of third party-owned assets.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0034"
    },
    {
      "text": "The extrajudicial bankruptcy process set forth in the EBA does not appear to have added value.",
      "verbatim": "The extrajudicial bankruptcy process set forth in the EBA does not appear to have added value.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-4bc670db392869cb",
          "page": 20,
          "quote": "The extrajudicial bankruptcy process set forth in the EBA does not appear to have added value.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0035"
    },
    {
      "text": "The following paragraphs describe the key shortcomings in both areas, namely, the restructuring and liquidation of enterprises, and make some specific recommendations to address them.",
      "verbatim": "The following paragraphs describe the key shortcomings in both areas, namely, the restructuring and liquidation of enterprises, and make some specific recommendations to address them.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-5eb60e18bb8580c9",
          "page": 20,
          "quote": "The following paragraphs describe the key shortcomings in both areas, namely, the restructuring and liquidation of enterprises, and make some specific recommendations to address them.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0036"
    },
    {
      "text": "The mission also found that there are only few cases using this mechanism in practice.",
      "verbatim": "The mission also found that there are only few cases using this mechanism in practice.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-a5ad7610a9be3d7a",
          "page": 20,
          "quote": "The mission also found that there are only few cases using this mechanism in practice.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0037"
    },
    {
      "text": "While the EBA allows for the continuation of the company’s business during bankruptcy proceeding or a transfer of the business as a going concern, it does not provide for necessary tools to facilitate such continuation.",
      "verbatim": "While the EBA allows for the continuation of the company’s business during bankruptcy proceeding or a transfer of the business as a going concern, it does not provide for necessary tools to facilitate such continuation.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-241e5131bb7022c6",
          "page": 20,
          "quote": "While the EBA allows for the continuation of the company’s business during bankruptcy proceeding or a transfer of the business as a going concern, it does not provide for necessary tools to facilitate such continuation.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0038"
    },
    {
      "text": "Requiring two-thirds or three-quarter majorities may be an obstacle to a successful restructuring and does not reflect international best practice (i.e., a simple majority is normally the trend).",
      "verbatim": "Requiring two-thirds or three-quarter majorities may be an obstacle to a successful restructuring and does not reflect international best practice (i.e., a simple majority is normally the trend).",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-9e5dac08874e4f1c",
          "page": 21,
          "quote": "Requiring two-thirds or three-quarter majorities may be an obstacle to a successful restructuring and does not reflect international best practice (i.e., a simple majority is normally the trend).",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0039"
    },
    {
      "text": "This would also be very helpful in addressing the shortcomings identified in the regime concerning corporate fraudulent bankruptcies.",
      "verbatim": "This would also be very helpful in addressing the shortcomings identified in the regime concerning corporate fraudulent bankruptcies.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-afe2e2195277f314",
          "page": 21,
          "quote": "This would also be very helpful in addressing the shortcomings identified in the regime concerning corporate fraudulent bankruptcies.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0040"
    },
    {
      "text": "While the ERA provides for conversion of restructuring proceedings into bankruptcy proceedings, the EBA does not provide for conversion of bankruptcy proceedings to restructuring proceedings.",
      "verbatim": "While the ERA provides for conversion of restructuring proceedings into bankruptcy proceedings, the EBA does not provide for conversion of bankruptcy proceedings to restructuring proceedings.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-7b9e37b19479734c",
          "page": 21,
          "quote": "While the ERA provides for conversion of restructuring proceedings into bankruptcy proceedings, the EBA does not provide for conversion of bankruptcy proceedings to restructuring proceedings.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0041"
    },
    {
      "text": "As noted above, this is one of the shortcomings that have raised issues related also with the limited findings of fraudulent bankruptcies.",
      "verbatim": "As noted above, this is one of the shortcomings that have raised issues related also with the limited findings of fraudulent bankruptcies.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-0ad21a63fb257605",
          "page": 22,
          "quote": "As noted above, this is one of the shortcomings that have raised issues related also with the limited findings of fraudulent bankruptcies.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0042"
    },
    {
      "text": "Given the lack of specificity in the ERA about such “remuneration”, a practice has been developed in Lithuania where the administrator receives a “monthly remuneration” from the enterprise, which in turn creates the incentive for the administrator to unduly delay the procedure to secure such monthly remuneration.",
      "verbatim": "Given the lack of specificity in the ERA about such “remuneration”, a practice has been developed in Lithuania where the administrator receives a “monthly remuneration” from the enterprise, which in turn creates the incentive for the administrator to unduly delay the procedure to secure such monthly remuneration.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-1f2839b905b34a9d",
          "page": 22,
          "quote": "Given the lack of specificity in the ERA about such “remuneration”, a practice has been developed in Lithuania where the administrator receives a “monthly remuneration” from the enterprise, which in turn creates the incentive for the administrator to unduly delay the procedure to secure such monthly remuneration.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0043"
    },
    {
      "text": "In addition, the mission also identified the following main shortcomings in the overall legal framework that affect both the corporate restructuring and bankruptcy procedures:",
      "verbatim": "In addition, the mission also identified the following main shortcomings in the overall legal framework that affect both the corporate restructuring and bankruptcy procedures:",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-e1233b9d63711340",
          "page": 22,
          "quote": "In addition, the mission also identified the following main shortcomings in the overall legal framework that affect both the corporate restructuring and bankruptcy procedures:",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0044"
    },
    {
      "text": "Thus, we recommend that the law be modified to accord high priority to “new financing” extended to an enterprise so as to facilitate effective rehabilitation of the company.",
      "verbatim": "Thus, we recommend that the law be modified to accord high priority to “new financing” extended to an enterprise so as to facilitate effective rehabilitation of the company.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-e05b3f515d631866",
          "page": 22,
          "quote": "Thus, we recommend that the law be modified to accord high priority to “new financing” extended to an enterprise so as to facilitate effective rehabilitation of the company.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0045"
    },
    {
      "text": "The mission also identified the following shortcomings in the institutional insolvency framework:",
      "verbatim": "The mission also identified the following shortcomings in the institutional insolvency framework:",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-98655a806953d685",
          "page": 23,
          "quote": "The mission also identified the following shortcomings in the institutional insolvency framework:",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0046"
    },
    {
      "text": "corporate bankruptcy proceedings;  Lack of adequate incentives aimed to rehabilitate enterprises under voluntary",
      "verbatim": "corporate bankruptcy proceedings;  Lack of adequate incentives aimed to rehabilitate enterprises under voluntary",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-8c8868d671dcfbd3",
          "page": 23,
          "quote": "corporate bankruptcy proceedings;  Lack of adequate incentives aimed to rehabilitate enterprises under voluntary",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0047"
    },
    {
      "text": " Lack of capacity and skills of judges and bankruptcy administrators to handle",
      "verbatim": " Lack of capacity and skills of judges and bankruptcy administrators to handle",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-b90f67c2cbbf261d",
          "page": 23,
          "quote": " Lack of capacity and skills of judges and bankruptcy administrators to handle",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0048"
    },
    {
      "text": "However, it worth noting that under Chapter 13 mortgage for the primary residence cannot be restructured without creditors’ consent.",
      "verbatim": "However, it worth noting that under Chapter 13 mortgage for the primary residence cannot be restructured without creditors’ consent.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-cf1d30c32ca2b515",
          "page": 25,
          "quote": "However, it worth noting that under Chapter 13 mortgage for the primary residence cannot be restructured without creditors’ consent.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0049"
    },
    {
      "text": "If the debtor or his/her creditors object to the KFM’s decision, they can challenge it in court.",
      "verbatim": "If the debtor or his/her creditors object to the KFM’s decision, they can challenge it in court.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-311bb5dd5b48ec16",
          "page": 25,
          "quote": "If the debtor or his/her creditors object to the KFM’s decision, they can challenge it in court.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0050"
    },
    {
      "text": "The challenge in court is limited to specific legal basis to avoid abuse and discourage needless court proceedings.",
      "verbatim": "The challenge in court is limited to specific legal basis to avoid abuse and discourage needless court proceedings.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-937f8573f2431d16",
          "page": 25,
          "quote": "The challenge in court is limited to specific legal basis to avoid abuse and discourage needless court proceedings.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0051"
    },
    {
      "text": "The ordinary measures usually contain proposals for rescheduling of debt, reduction of interest and discharge of the remaining amount of the obligation after the sale of a mortgage asset.",
      "verbatim": "The ordinary measures usually contain proposals for rescheduling of debt, reduction of interest and discharge of the remaining amount of the obligation after the sale of a mortgage asset.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-b4539b8a17fd3c8d",
          "page": 26,
          "quote": "The ordinary measures usually contain proposals for rescheduling of debt, reduction of interest and discharge of the remaining amount of the obligation after the sale of a mortgage asset.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0052"
    },
    {
      "text": "There is another procedure for debtors who are “irremediably compromised” (to whom ordinary or extraordinary measures for debt relief do not apply), where the Commission transfers the debtor to the court for a fast-track discharge of his/her debts in return for the liquidation of the distribution of the debtor’s non-exempt assets on the benefit of his/her creditors.",
      "verbatim": "There is another procedure for debtors who are “irremediably compromised” (to whom ordinary or extraordinary measures for debt relief do not apply), where the Commission transfers the debtor to the court for a fast-track discharge of his/her debts in return for the liquidation of the distribution of the debtor’s non-exempt assets on the benefit of his/her creditors.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-36e759c8af59e299",
          "page": 26,
          "quote": "There is another procedure for debtors who are “irremediably compromised” (to whom ordinary or extraordinary measures for debt relief do not apply), where the Commission transfers the debtor to the court for a fast-track discharge of his/her debts in return for the liquidation of the distribution of the debtor’s non-exempt assets on the benefit of his/her creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0053"
    },
    {
      "text": "also applies if a creditor, for an improper purpose, does not as far as possible",
      "verbatim": "also applies if a creditor, for an improper purpose, does not as far as possible",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-9bb419b05330f654",
          "page": 27,
          "quote": "also applies if a creditor, for an improper purpose, does not as far as possible",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0054"
    },
    {
      "text": "particular creditor by paying a debt which has not fallen due, making payment by",
      "verbatim": "particular creditor by paying a debt which has not fallen due, making payment by",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-aaf1c34f00951790",
          "page": 28,
          "quote": "particular creditor by paying a debt which has not fallen due, making payment by",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0055"
    },
    {
      "text": "obtained on credit and has not been paid for (unless the pawning, pledging or",
      "verbatim": "obtained on credit and has not been paid for (unless the pawning, pledging or",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-5d80455143d85080",
          "page": 30,
          "quote": "obtained on credit and has not been paid for (unless the pawning, pledging or",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0056"
    },
    {
      "text": "(a) does not to the best of his knowledge and belief fully and truly discover to the",
      "verbatim": "(a) does not to the best of his knowledge and belief fully and truly discover to the",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-32cc6522f2427bae",
          "page": 31,
          "quote": "(a) does not to the best of his knowledge and belief fully and truly discover to the",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0057"
    },
    {
      "text": "(b) does not deliver up to the liquidator (or as he directs) all such part of the",
      "verbatim": "(b) does not deliver up to the liquidator (or as he directs) all such part of the",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-a265ff4eb8abcec2",
          "page": 31,
          "quote": "(b) does not deliver up to the liquidator (or as he directs) all such part of the",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0058"
    },
    {
      "text": "(c) does not deliver up to the liquidator (or as he directs) all books and papers in his",
      "verbatim": "(c) does not deliver up to the liquidator (or as he directs) all books and papers in his",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-9b9e15513f721823",
          "page": 32,
          "quote": "(c) does not deliver up to the liquidator (or as he directs) all books and papers in his",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0059"
    },
    {
      "text": "application to institute proceedings has been rejected due to lack of available assets.",
      "verbatim": "application to institute proceedings has been rejected due to lack of available assets.",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-540dd004aff5f119",
          "page": 34,
          "quote": "application to institute proceedings has been rejected due to lack of available assets.",
          "source": "document"
        },
        {
          "evidence_id": "ev-a53192a407b7c7b6",
          "page": 36,
          "quote": "application to institute proceedings has been rejected due to lack of available assets.",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0060"
    },
    {
      "text": "4.1.5 Article L654-5 Natural persons found guilty of those offences provided for in Articles L654-3 and",
      "verbatim": "4.1.5 Article L654-5 Natural persons found guilty of those offences provided for in Articles L654-3 and",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-8b1dd2f0f13b5404",
          "page": 37,
          "quote": "4.1.5 Article L654-5 Natural persons found guilty of those offences provided for in Articles L654-3 and",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0061"
    },
    {
      "text": "bankrupt, even if they are not traders, farmers or craftsmen and do not manage a",
      "verbatim": "bankrupt, even if they are not traders, farmers or craftsmen and do not manage a",
      "topic": "International Monetary Fund Washington, D.C.",
      "severity": null,
      "evidence": [
        {
          "evidence_id": "ev-4ce49d3145bf58c9",
          "page": 37,
          "quote": "bankrupt, even if they are not traders, farmers or craftsmen and do not manage a",
          "source": "document"
        }
      ],
      "confidence": 0.62,
      "extraction_method": "diagnostic_signal_sentence",
      "review_status": "unreviewed",
      "observation_id": "cr-2011-320-obs-0062"
    }
  ],
  "recommendations": [
    {
      "text": "While the Concept approved by Government constitutes a good first step towards the development of such an act, certain aspects of the proposal need to be refined when the draft bill is prepared, in particular:",
      "verbatim": "While the Concept approved by Government constitutes a good first step towards the development of such an act, certain aspects of the proposal need to be refined when the draft bill is prepared, in particular:",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-74405a7125d507b3",
          "page": 7,
          "quote": "While the Concept approved by Government constitutes a good first step towards the development of such an act, certain aspects of the proposal need to be refined when the draft bill is prepared, in particular:",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0001"
    },
    {
      "text": "Accordingly, repayment period between 3 to 6 years is recommended for Lithuania.",
      "verbatim": "Accordingly, repayment period between 3 to 6 years is recommended for Lithuania.",
      "actor": null,
      "priority": null,
      "timeframe": "6 years",
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-4b48941920632c2b",
          "page": 8,
          "quote": "Accordingly, repayment period between 3 to 6 years is recommended for Lithuania.",
          "source": "document"
        }
      ],
      "confidence": 0.92,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "explicit_attributed_statement",
      "explicitness": "explicit",
      "confidence_tier": "high",
      "in_conservative_set": true,
      "recommendation_id": "cr-2011-320-rec-0002"
    },
    {
      "text": "In this context, to present proposals for the design of such new framework, the mission needs to rely on those good practices that we have identified in a cross-country analysis of jurisdictions where personal insolvency regimes have been in place for a while.",
      "verbatim": "In this context, to present proposals for the design of such new framework, the mission needs to rely on those good practices that we have identified in a cross-country analysis of jurisdictions where personal insolvency regimes have been in place for a while.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-04983c2e0e18f7df",
          "page": 8,
          "quote": "In this context, to present proposals for the design of such new framework, the mission needs to rely on those good practices that we have identified in a cross-country analysis of jurisdictions where personal insolvency regimes have been in place for a while.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0003"
    },
    {
      "text": "Moreover, it should be borne in mind that debtors and creditors are always free to reach out-of-court voluntary agreements for debt restructurings under civil/contractual law.",
      "verbatim": "Moreover, it should be borne in mind that debtors and creditors are always free to reach out-of-court voluntary agreements for debt restructurings under civil/contractual law.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-8baae5296e01dfa1",
          "page": 8,
          "quote": "Moreover, it should be borne in mind that debtors and creditors are always free to reach out-of-court voluntary agreements for debt restructurings under civil/contractual law.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0004"
    },
    {
      "text": "While this is a valid option, consideration should be given to the practical experience that Lithuania has had with respect to using extra-judicial procedures in a bankruptcy context.",
      "verbatim": "While this is a valid option, consideration should be given to the practical experience that Lithuania has had with respect to using extra-judicial procedures in a bankruptcy context.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-6c663415b9c713e6",
          "page": 8,
          "quote": "While this is a valid option, consideration should be given to the practical experience that Lithuania has had with respect to using extra-judicial procedures in a bankruptcy context.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0005"
    },
    {
      "text": "In the US, for instance, the approach, which is known as the “open credit economy” model, is characterized by the rapid discharge of the individual’s debts upon filing for bankruptcy and liquidation of all non-exempt assets, without the need to complete a strict “payment plan”.",
      "verbatim": "In the US, for instance, the approach, which is known as the “open credit economy” model, is characterized by the rapid discharge of the individual’s debts upon filing for bankruptcy and liquidation of all non-exempt assets, without the need to complete a strict “payment plan”.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-461d5543438f7a56",
          "page": 9,
          "quote": "In the US, for instance, the approach, which is known as the “open credit economy” model, is characterized by the rapid discharge of the individual’s debts upon filing for bankruptcy and liquidation of all non-exempt assets, without the need to complete a strict “payment plan”.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0006"
    },
    {
      "text": "To achieve the purposes described above, the legal framework should set forth an effective and efficient mechanism for the settlement of the individual’s debts and disposition and distribution of all the individual’s non-exempt assets to satisfy, totally or partially, his/her creditor’s claims, while the debtor receives in return some legal protection from further collection actions by creditors.",
      "verbatim": "To achieve the purposes described above, the legal framework should set forth an effective and efficient mechanism for the settlement of the individual’s debts and disposition and distribution of all the individual’s non-exempt assets to satisfy, totally or partially, his/her creditor’s claims, while the debtor receives in return some legal protection from further collection actions by creditors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-f4c82f5f21dd7c9b",
          "page": 9,
          "quote": "To achieve the purposes described above, the legal framework should set forth an effective and efficient mechanism for the settlement of the individual’s debts and disposition and distribution of all the individual’s non-exempt assets to satisfy, totally or partially, his/her creditor’s claims, while the debtor receives in return some legal protection from further collection actions by creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0007"
    },
    {
      "text": "To this end, in addition to the elements required for obtaining the discharge, a personal insolvency regime also needs to have in place other elements as a pre-condition to a debtor’s rehabilitation, namely:",
      "verbatim": "To this end, in addition to the elements required for obtaining the discharge, a personal insolvency regime also needs to have in place other elements as a pre-condition to a debtor’s rehabilitation, namely:",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-582cb1f9b5de36a3",
          "page": 9,
          "quote": "To this end, in addition to the elements required for obtaining the discharge, a personal insolvency regime also needs to have in place other elements as a pre-condition to a debtor’s rehabilitation, namely:",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0008"
    },
    {
      "text": "A decision should be made as to whether an automatic stay for a short period of time would be triggered by court approval of the insolvency petition and creditors would have the right to request a relief from the automatic stay under certain conditions.",
      "verbatim": "A decision should be made as to whether an automatic stay for a short period of time would be triggered by court approval of the insolvency petition and creditors would have the right to request a relief from the automatic stay under certain conditions.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-bda0425033844bdf",
          "page": 10,
          "quote": "A decision should be made as to whether an automatic stay for a short period of time would be triggered by court approval of the insolvency petition and creditors would have the right to request a relief from the automatic stay under certain conditions.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0009"
    },
    {
      "text": "An appropriate balance needs to be",
      "verbatim": "An appropriate balance needs to be",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-40f50c18d46c04fe",
          "page": 10,
          "quote": "An appropriate balance needs to be",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0010"
    },
    {
      "text": "In this context, special consideration should be given to this element when designing a credit registry for individuals as part of the insolvency regime.",
      "verbatim": "In this context, special consideration should be given to this element when designing a credit registry for individuals as part of the insolvency regime.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-945744a0609bfd7d",
          "page": 10,
          "quote": "In this context, special consideration should be given to this element when designing a credit registry for individuals as part of the insolvency regime.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0011"
    },
    {
      "text": "The authorities need to determine whether a fee or other charges will have to be paid to access the mechanism and by whom (e.g., the applicant).",
      "verbatim": "The authorities need to determine whether a fee or other charges will have to be paid to access the mechanism and by whom (e.g., the applicant).",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-28d15e24a4e11853",
          "page": 10,
          "quote": "The authorities need to determine whether a fee or other charges will have to be paid to access the mechanism and by whom (e.g., the applicant).",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0012"
    },
    {
      "text": "The authorities should specify the requirements, rules and procedures for filing a petition.",
      "verbatim": "The authorities should specify the requirements, rules and procedures for filing a petition.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-63fcddac3ca777e2",
          "page": 10,
          "quote": "The authorities should specify the requirements, rules and procedures for filing a petition.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0013"
    },
    {
      "text": "record of the debtor’s insolvency history should exist, this should not overly restrict debtors’ full rehabilitation once all requirements are fulfilled for this purpose.",
      "verbatim": "record of the debtor’s insolvency history should exist, this should not overly restrict debtors’ full rehabilitation once all requirements are fulfilled for this purpose.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-7883209cce5d4280",
          "page": 10,
          "quote": "record of the debtor’s insolvency history should exist, this should not overly restrict debtors’ full rehabilitation once all requirements are fulfilled for this purpose.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0014"
    },
    {
      "text": "For this purpose, it is very important to have in the law a clear definition of disposable income, which in turn should at a minimum exclude the basic and necessary expenses of the individual.",
      "verbatim": "For this purpose, it is very important to have in the law a clear definition of disposable income, which in turn should at a minimum exclude the basic and necessary expenses of the individual.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-f5f04f2f6f647a98",
          "page": 11,
          "quote": "For this purpose, it is very important to have in the law a clear definition of disposable income, which in turn should at a minimum exclude the basic and necessary expenses of the individual.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0015"
    },
    {
      "text": "In addition, the analysis of disposable income should take into account the assessment of the estimated future income of the debtor.",
      "verbatim": "In addition, the analysis of disposable income should take into account the assessment of the estimated future income of the debtor.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-b570abc3e4e862ff",
          "page": 11,
          "quote": "In addition, the analysis of disposable income should take into account the assessment of the estimated future income of the debtor.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0016"
    },
    {
      "text": "The authorities should also determine whether a bankruptcy proceeding would be made available to the same debtor only once in a lifetime or more than once provided certain criteria are met.",
      "verbatim": "The authorities should also determine whether a bankruptcy proceeding would be made available to the same debtor only once in a lifetime or more than once provided certain criteria are met.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-7a224d915f98c62c",
          "page": 11,
          "quote": "The authorities should also determine whether a bankruptcy proceeding would be made available to the same debtor only once in a lifetime or more than once provided certain criteria are met.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0017"
    },
    {
      "text": "struck between the need to allow for the possibility of debt restructuring negotiations and maintenance of integrity of the debtor’s estate and the need for adequate protection of creditors’ interests.",
      "verbatim": "struck between the need to allow for the possibility of debt restructuring negotiations and maintenance of integrity of the debtor’s estate and the need for adequate protection of creditors’ interests.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-838d5b151211c1e1",
          "page": 11,
          "quote": "struck between the need to allow for the possibility of debt restructuring negotiations and maintenance of integrity of the debtor’s estate and the need for adequate protection of creditors’ interests.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0018"
    },
    {
      "text": "Accordingly, and as mentioned before in this report, consideration should be given to setting forth a maximum repayment period of 3 to 6 years in line with the current trend in Europe.",
      "verbatim": "Accordingly, and as mentioned before in this report, consideration should be given to setting forth a maximum repayment period of 3 to 6 years in line with the current trend in Europe.",
      "actor": null,
      "priority": null,
      "timeframe": "6 years",
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-70dd75dd77f96196",
          "page": 12,
          "quote": "Accordingly, and as mentioned before in this report, consideration should be given to setting forth a maximum repayment period of 3 to 6 years in line with the current trend in Europe.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0019"
    },
    {
      "text": "As mentioned before, a policy choice has to be made as to whether the personal bankruptcy framework should cover also debtors with no capacity to implement a payment plan and if so, what type of special regime they would be subject to.",
      "verbatim": "As mentioned before, a policy choice has to be made as to whether the personal bankruptcy framework should cover also debtors with no capacity to implement a payment plan and if so, what type of special regime they would be subject to.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-48ca7e3d662c546c",
          "page": 12,
          "quote": "As mentioned before, a policy choice has to be made as to whether the personal bankruptcy framework should cover also debtors with no capacity to implement a payment plan and if so, what type of special regime they would be subject to.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0020"
    },
    {
      "text": "As mentioned before, the authorities should make a policy choice as to whether an exceptional scheme for debtors who have no available income/assets at all should be included in the personal bankruptcy regime.",
      "verbatim": "As mentioned before, the authorities should make a policy choice as to whether an exceptional scheme for debtors who have no available income/assets at all should be included in the personal bankruptcy regime.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-2a6cf10493ab437a",
          "page": 12,
          "quote": "As mentioned before, the authorities should make a policy choice as to whether an exceptional scheme for debtors who have no available income/assets at all should be included in the personal bankruptcy regime.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0021"
    },
    {
      "text": "In particular, the act should specify what the role of creditors would be in this framework.",
      "verbatim": "In particular, the act should specify what the role of creditors would be in this framework.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-57c3a5213ef06dcd",
          "page": 12,
          "quote": "In particular, the act should specify what the role of creditors would be in this framework.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0022"
    },
    {
      "text": "Repayment period The act should specify the maximum repayment period in order for the debtor to achieve a discharge.",
      "verbatim": "Repayment period The act should specify the maximum repayment period in order for the debtor to achieve a discharge.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-c0b166b5bde597b2",
          "page": 12,
          "quote": "Repayment period The act should specify the maximum repayment period in order for the debtor to achieve a discharge.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0023"
    },
    {
      "text": "The authorities would have to decide whether a special mechanism would need to be established to make the payments plan binding on all creditors.",
      "verbatim": "The authorities would have to decide whether a special mechanism would need to be established to make the payments plan binding on all creditors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-4f0f0d178ba0439c",
          "page": 12,
          "quote": "The authorities would have to decide whether a special mechanism would need to be established to make the payments plan binding on all creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0024"
    },
    {
      "text": "The bankruptcy act should provide for a non-discriminatory (stigmatized) treatment of discharged debtors.",
      "verbatim": "The bankruptcy act should provide for a non-discriminatory (stigmatized) treatment of discharged debtors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-92a71fa443dc3dac",
          "page": 12,
          "quote": "The bankruptcy act should provide for a non-discriminatory (stigmatized) treatment of discharged debtors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0025"
    },
    {
      "text": "Any shortcomings in this framework should be addressed in a comprehensive manner as the personal bankruptcy act will not suffice to achieve such a goal.",
      "verbatim": "Any shortcomings in this framework should be addressed in a comprehensive manner as the personal bankruptcy act will not suffice to achieve such a goal.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-5fffc7dc1641ba8a",
          "page": 13,
          "quote": "Any shortcomings in this framework should be addressed in a comprehensive manner as the personal bankruptcy act will not suffice to achieve such a goal.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0026"
    },
    {
      "text": "For this purpose, consideration should be given to setting up an agency charged with the task of providing advice and education in this area .",
      "verbatim": "For this purpose, consideration should be given to setting up an agency charged with the task of providing advice and education in this area .",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-9e5d6fd6c0f4a874",
          "page": 13,
          "quote": "For this purpose, consideration should be given to setting up an agency charged with the task of providing advice and education in this area .",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0027"
    },
    {
      "text": "In this context, special provisions would need to be issued to regulate the licensing regime for accredited debt counselors.",
      "verbatim": "In this context, special provisions would need to be issued to regulate the licensing regime for accredited debt counselors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-b7c871da7f5c1cc3",
          "page": 13,
          "quote": "In this context, special provisions would need to be issued to regulate the licensing regime for accredited debt counselors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0028"
    },
    {
      "text": "The act should provide specific rules for when a debtor who has successfully implemented the repayment plan is considered to be “discharged”.",
      "verbatim": "The act should provide specific rules for when a debtor who has successfully implemented the repayment plan is considered to be “discharged”.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-ba79db60d5c97706",
          "page": 13,
          "quote": "The act should provide specific rules for when a debtor who has successfully implemented the repayment plan is considered to be “discharged”.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0029"
    },
    {
      "text": "The act should specify the formal procedures to be followed by the debtor once discharged in order to also be considered rehabilitated.",
      "verbatim": "The act should specify the formal procedures to be followed by the debtor once discharged in order to also be considered rehabilitated.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-ad04a751baef47ae",
          "page": 13,
          "quote": "The act should specify the formal procedures to be followed by the debtor once discharged in order to also be considered rehabilitated.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0030"
    },
    {
      "text": "As regards the licensing requirements a policy choice would have to be made as to whether bankruptcy administrators licensed to handle enterprises’ bankruptcies should also be allowed to handle personal bankruptcies and vice versa.",
      "verbatim": "As regards the licensing requirements a policy choice would have to be made as to whether bankruptcy administrators licensed to handle enterprises’ bankruptcies should also be allowed to handle personal bankruptcies and vice versa.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-560ee02b95318042",
          "page": 14,
          "quote": "As regards the licensing requirements a policy choice would have to be made as to whether bankruptcy administrators licensed to handle enterprises’ bankruptcies should also be allowed to handle personal bankruptcies and vice versa.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0031"
    },
    {
      "text": "Consistency of other laws Other pieces of legislation should not inhibit the operation of the personal insolvency regime.",
      "verbatim": "Consistency of other laws Other pieces of legislation should not inhibit the operation of the personal insolvency regime.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-8c36098c16f56c24",
          "page": 14,
          "quote": "Consistency of other laws Other pieces of legislation should not inhibit the operation of the personal insolvency regime.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0032"
    },
    {
      "text": "If the authorities were to consider the implementation of this two-tiered approach with the anchor in a framework for debt settlement as the first stage, the following elements should be taken into account when designing such scheme:",
      "verbatim": "If the authorities were to consider the implementation of this two-tiered approach with the anchor in a framework for debt settlement as the first stage, the following elements should be taken into account when designing such scheme:",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-9fb117e2def203b8",
          "page": 14,
          "quote": "If the authorities were to consider the implementation of this two-tiered approach with the anchor in a framework for debt settlement as the first stage, the following elements should be taken into account when designing such scheme:",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0033"
    },
    {
      "text": "In particular, the legal framework should be thoroughly assessed to determine whether there are pieces of legislation that would act as deterrent or impediment to debt restructuring (e.g., tax laws).",
      "verbatim": "In particular, the legal framework should be thoroughly assessed to determine whether there are pieces of legislation that would act as deterrent or impediment to debt restructuring (e.g., tax laws).",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-498ead3d6f2966dc",
          "page": 14,
          "quote": "In particular, the legal framework should be thoroughly assessed to determine whether there are pieces of legislation that would act as deterrent or impediment to debt restructuring (e.g., tax laws).",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0034"
    },
    {
      "text": "The bankruptcy act should specify the roles and responsibilities of the bankruptcy administrator.",
      "verbatim": "The bankruptcy act should specify the roles and responsibilities of the bankruptcy administrator.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-7afab395d0e8a23d",
          "page": 14,
          "quote": "The bankruptcy act should specify the roles and responsibilities of the bankruptcy administrator.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0035"
    },
    {
      "text": "The bankruptcy act should specify the rules governing the licensing and appointment/nomination of bankruptcy administrators.",
      "verbatim": "The bankruptcy act should specify the rules governing the licensing and appointment/nomination of bankruptcy administrators.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-10d7a9c071214b79",
          "page": 14,
          "quote": "The bankruptcy act should specify the rules governing the licensing and appointment/nomination of bankruptcy administrators.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0036"
    },
    {
      "text": "These agreements can always be reached outside courts through voluntary debt restructuring agreements, and thus there is technically no need to introduce a ‘statutory extra-judicial pre-bankruptcy procedure”.",
      "verbatim": "These agreements can always be reached outside courts through voluntary debt restructuring agreements, and thus there is technically no need to introduce a ‘statutory extra-judicial pre-bankruptcy procedure”.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-7f4d3fd31b94fb2f",
          "page": 14,
          "quote": "These agreements can always be reached outside courts through voluntary debt restructuring agreements, and thus there is technically no need to introduce a ‘statutory extra-judicial pre-bankruptcy procedure”.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0037"
    },
    {
      "text": "Based on the Concept Note, and taking in to account the key elements described above, the mission is of the view that Lithuania should develop a modern, comprehensive and effective mechanism to help individual address situations of over-indebtedness and insolvency.",
      "verbatim": "Based on the Concept Note, and taking in to account the key elements described above, the mission is of the view that Lithuania should develop a modern, comprehensive and effective mechanism to help individual address situations of over-indebtedness and insolvency.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-a67adc055ac1fe37",
          "page": 15,
          "quote": "Based on the Concept Note, and taking in to account the key elements described above, the mission is of the view that Lithuania should develop a modern, comprehensive and effective mechanism to help individual address situations of over-indebtedness and insolvency.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0038"
    },
    {
      "text": "Concerns about a possible hike in interest rates due to the introduction of a personal insolvency law (personal bankruptcy act) should be dispelled as based on past cross country experiences, such as that of Sweden in 1994 when the new debt restructuring law was approved (which applies also to persons/individuals) there has been no evidence to support that such a new bankruptcy regime would trigger a hike in interest rates set by commercial banks.",
      "verbatim": "Concerns about a possible hike in interest rates due to the introduction of a personal insolvency law (personal bankruptcy act) should be dispelled as based on past cross country experiences, such as that of Sweden in 1994 when the new debt restructuring law was approved (which applies also to persons/individuals) there has been no evidence to support that such a new bankruptcy regime would trigger a hike in interest rates set by commercial banks.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-922c4a333fb2c39e",
          "page": 15,
          "quote": "Concerns about a possible hike in interest rates due to the introduction of a personal insolvency law (personal bankruptcy act) should be dispelled as based on past cross country experiences, such as that of Sweden in 1994 when the new debt restructuring law was approved (which applies also to persons/individuals) there has been no evidence to support that such a new bankruptcy regime would trigger a hike in interest rates set by commercial banks.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0039"
    },
    {
      "text": "The debt settlement scheme should provide for making the settlement",
      "verbatim": "The debt settlement scheme should provide for making the settlement",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-9d53f4a782993428",
          "page": 15,
          "quote": "The debt settlement scheme should provide for making the settlement",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0040"
    },
    {
      "text": "The design of the debt settlement scheme should have incentives to",
      "verbatim": "The design of the debt settlement scheme should have incentives to",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-1b2bff81b7d10a15",
          "page": 15,
          "quote": "The design of the debt settlement scheme should have incentives to",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0041"
    },
    {
      "text": "This is because, if a personal bankruptcy law is adequately designed, it should provide for a collective framework for creditors to recover all claims that are payable by the debtor based on his/her capacity to repay after liquidation of non-exempted assets.",
      "verbatim": "This is because, if a personal bankruptcy law is adequately designed, it should provide for a collective framework for creditors to recover all claims that are payable by the debtor based on his/her capacity to repay after liquidation of non-exempted assets.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-ba40ecc004632632",
          "page": 15,
          "quote": "This is because, if a personal bankruptcy law is adequately designed, it should provide for a collective framework for creditors to recover all claims that are payable by the debtor based on his/her capacity to repay after liquidation of non-exempted assets.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0042"
    },
    {
      "text": "4 Article 20 of Lithuania’s Enterprises Bankruptcy Act reads as follows: “ If the court investigating the enterprise bankruptcy case establishes a fraudulent bankruptcy, the administrator must review all contracts of the enterprise in bankruptcy concluded within the 5-year period prior to the institution of bankruptcy proceedings and bring an action before the court investigating the enterprise bankruptcy case for the invalidation of the contracts which are contrary to the interests of the enterprise and/or which could have contributed to its loss of ability to settle with creditors.",
      "verbatim": "4 Article 20 of Lithuania’s Enterprises Bankruptcy Act reads as follows: “ If the court investigating the enterprise bankruptcy case establishes a fraudulent bankruptcy, the administrator must review all contracts of the enterprise in bankruptcy concluded within the 5-year period prior to the institution of bankruptcy proceedings and bring an action before the court investigating the enterprise bankruptcy case for the invalidation of the contracts which are contrary to the interests of the enterprise and/or which could have contributed to its loss of ability to settle with creditors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-be0f6761557011f4",
          "page": 16,
          "quote": "4 Article 20 of Lithuania’s Enterprises Bankruptcy Act reads as follows: “ If the court investigating the enterprise bankruptcy case establishes a fraudulent bankruptcy, the administrator must review all contracts of the enterprise in bankruptcy concluded within the 5-year period prior to the institution of bankruptcy proceedings and bring an action before the court investigating the enterprise bankruptcy case for the invalidation of the contracts which are contrary to the interests of the enterprise and/or which could have contributed to its loss of ability to settle with creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0043"
    },
    {
      "text": "This report contains very valuable factual information and a thorough analysis of the implications that should serve as a basis for developing the required legislative changes in this area.",
      "verbatim": "This report contains very valuable factual information and a thorough analysis of the implications that should serve as a basis for developing the required legislative changes in this area.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-ed2e9b26f7db6432",
          "page": 16,
          "quote": "This report contains very valuable factual information and a thorough analysis of the implications that should serve as a basis for developing the required legislative changes in this area.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0044"
    },
    {
      "text": "In light of this, the legal framework in Lithuania should clearly regulate the different substantive and procedural aspects arising from enterprises’ fraudulent behaviors that would allow bankruptcy administrators, on the one hand, to pursue civil or commercial law cases to attribute perpetrators civil liability for their actions against the enterprise and its creditors, including trying to invalidate transactions or recover assets, and state prosecutors, on the other hand, to pursue criminal actions to punish criminals for the damage caused to society.",
      "verbatim": "In light of this, the legal framework in Lithuania should clearly regulate the different substantive and procedural aspects arising from enterprises’ fraudulent behaviors that would allow bankruptcy administrators, on the one hand, to pursue civil or commercial law cases to attribute perpetrators civil liability for their actions against the enterprise and its creditors, including trying to invalidate transactions or recover assets, and state prosecutors, on the other hand, to pursue criminal actions to punish criminals for the damage caused to society.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-c37296edaa640b44",
          "page": 17,
          "quote": "In light of this, the legal framework in Lithuania should clearly regulate the different substantive and procedural aspects arising from enterprises’ fraudulent behaviors that would allow bankruptcy administrators, on the one hand, to pursue civil or commercial law cases to attribute perpetrators civil liability for their actions against the enterprise and its creditors, including trying to invalidate transactions or recover assets, and state prosecutors, on the other hand, to pursue criminal actions to punish criminals for the damage caused to society.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0045"
    },
    {
      "text": "In this case the administrator should be considered to have found about the contracts from the effective date of the court decision to institute bankruptcy proceedings”.",
      "verbatim": "In this case the administrator should be considered to have found about the contracts from the effective date of the court decision to institute bankruptcy proceedings”.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-59b47c3cba58703b",
          "page": 17,
          "quote": "In this case the administrator should be considered to have found about the contracts from the effective date of the court decision to institute bankruptcy proceedings”.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0046"
    },
    {
      "text": "Moreover, in the specific context of bankruptcy procedures, the law should provide a clear definition of the actions and transactions that are considered “fraudulent” in order to allow for the bankruptcy administrator to invalidate the contracts and other transactions deriving from them.",
      "verbatim": "Moreover, in the specific context of bankruptcy procedures, the law should provide a clear definition of the actions and transactions that are considered “fraudulent” in order to allow for the bankruptcy administrator to invalidate the contracts and other transactions deriving from them.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-a65515333ae6a453",
          "page": 17,
          "quote": "Moreover, in the specific context of bankruptcy procedures, the law should provide a clear definition of the actions and transactions that are considered “fraudulent” in order to allow for the bankruptcy administrator to invalidate the contracts and other transactions deriving from them.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0047"
    },
    {
      "text": "If the bankruptcy administrator determines that such signs indicate a possible existence of a fraudulent bankruptcy, the administrator should",
      "verbatim": "If the bankruptcy administrator determines that such signs indicate a possible existence of a fraudulent bankruptcy, the administrator should",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-f26e18e47037ca61",
          "page": 18,
          "quote": "If the bankruptcy administrator determines that such signs indicate a possible existence of a fraudulent bankruptcy, the administrator should",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0048"
    },
    {
      "text": "In particular, the law should provide a clear threshold for initiating bankruptcy proceedings, stressing the obligation of managers to file the petition if the threshold is reached and providing for penalties for failing to do so.",
      "verbatim": "In particular, the law should provide a clear threshold for initiating bankruptcy proceedings, stressing the obligation of managers to file the petition if the threshold is reached and providing for penalties for failing to do so.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-d47eccb6a7e7f46e",
          "page": 18,
          "quote": "In particular, the law should provide a clear threshold for initiating bankruptcy proceedings, stressing the obligation of managers to file the petition if the threshold is reached and providing for penalties for failing to do so.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0049"
    },
    {
      "text": "In this context, the bankruptcy administrator should include among his/her key tasks that of assessing in each case whether there are signs of deliberate or fictitious bankruptcy on the part of the debtor (including managers, owners and directors).",
      "verbatim": "In this context, the bankruptcy administrator should include among his/her key tasks that of assessing in each case whether there are signs of deliberate or fictitious bankruptcy on the part of the debtor (including managers, owners and directors).",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-6de5eaddd8d60d89",
          "page": 18,
          "quote": "In this context, the bankruptcy administrator should include among his/her key tasks that of assessing in each case whether there are signs of deliberate or fictitious bankruptcy on the part of the debtor (including managers, owners and directors).",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0050"
    },
    {
      "text": "The mission understood from the discussions held with the authorities and other stakeholders that there is a pressing need to prevent enterprises from being stripped of their assets which would have otherwise served to satisfy the creditors’ claims but instead would be used to restart new enterprises at the expense of such creditors.",
      "verbatim": "The mission understood from the discussions held with the authorities and other stakeholders that there is a pressing need to prevent enterprises from being stripped of their assets which would have otherwise served to satisfy the creditors’ claims but instead would be used to restart new enterprises at the expense of such creditors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-cccc8f1584459c8c",
          "page": 18,
          "quote": "The mission understood from the discussions held with the authorities and other stakeholders that there is a pressing need to prevent enterprises from being stripped of their assets which would have otherwise served to satisfy the creditors’ claims but instead would be used to restart new enterprises at the expense of such creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0051"
    },
    {
      "text": "Finally, in designing a new framework that addresses the shortcomings identified in the area of fraudulent bankruptcies in Lithuania, consideration should also be given to finding the right balance between sanctioning criminal behaviors and deterring the debtor, owners, directors, officers, or third parties from a timely filing for bankruptcy proceedings.",
      "verbatim": "Finally, in designing a new framework that addresses the shortcomings identified in the area of fraudulent bankruptcies in Lithuania, consideration should also be given to finding the right balance between sanctioning criminal behaviors and deterring the debtor, owners, directors, officers, or third parties from a timely filing for bankruptcy proceedings.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-a7f7c341aab9d76e",
          "page": 19,
          "quote": "Finally, in designing a new framework that addresses the shortcomings identified in the area of fraudulent bankruptcies in Lithuania, consideration should also be given to finding the right balance between sanctioning criminal behaviors and deterring the debtor, owners, directors, officers, or third parties from a timely filing for bankruptcy proceedings.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0052"
    },
    {
      "text": "From the institutional framework standpoint and as suggested in the previous paragraph, a mechanism should be designed to promote better and timely coordination between the bankruptcy administrator and the agents in the police and the prosecutors’ office in charge of investigating these types of cases for the latter to participate in the investigative process as soon as any evidence of fraud emerges.",
      "verbatim": "From the institutional framework standpoint and as suggested in the previous paragraph, a mechanism should be designed to promote better and timely coordination between the bankruptcy administrator and the agents in the police and the prosecutors’ office in charge of investigating these types of cases for the latter to participate in the investigative process as soon as any evidence of fraud emerges.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-aa4f86f721ddeb81",
          "page": 19,
          "quote": "From the institutional framework standpoint and as suggested in the previous paragraph, a mechanism should be designed to promote better and timely coordination between the bankruptcy administrator and the agents in the police and the prosecutors’ office in charge of investigating these types of cases for the latter to participate in the investigative process as soon as any evidence of fraud emerges.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0053"
    },
    {
      "text": "In sum, the new framework for addressing fraudulent bankruptcies should ensure that assets are not hidden or stripped from the debtor in detriment of its creditors but without creating negative incentives for the timely rehabilitation of viable debtors or the expedited liquidation of unviable enterprises.",
      "verbatim": "In sum, the new framework for addressing fraudulent bankruptcies should ensure that assets are not hidden or stripped from the debtor in detriment of its creditors but without creating negative incentives for the timely rehabilitation of viable debtors or the expedited liquidation of unviable enterprises.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-5144b062f1fba252",
          "page": 19,
          "quote": "In sum, the new framework for addressing fraudulent bankruptcies should ensure that assets are not hidden or stripped from the debtor in detriment of its creditors but without creating negative incentives for the timely rehabilitation of viable debtors or the expedited liquidation of unviable enterprises.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0054"
    },
    {
      "text": "In this context, it is worth noting that the investigation to be carried out to identify whether a deliberate or fictitious bankruptcy is in place should be based on information that may be obtained by the bankruptcy administrator from a varied number of sources, including:",
      "verbatim": "In this context, it is worth noting that the investigation to be carried out to identify whether a deliberate or fictitious bankruptcy is in place should be based on information that may be obtained by the bankruptcy administrator from a varied number of sources, including:",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-7deb9f85304955f2",
          "page": 19,
          "quote": "In this context, it is worth noting that the investigation to be carried out to identify whether a deliberate or fictitious bankruptcy is in place should be based on information that may be obtained by the bankruptcy administrator from a varied number of sources, including:",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0055"
    },
    {
      "text": "All these areas should be addressed as part of the upcoming reforms.",
      "verbatim": "All these areas should be addressed as part of the upcoming reforms.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-b77ea7a2e929ea93",
          "page": 20,
          "quote": "All these areas should be addressed as part of the upcoming reforms.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0056"
    },
    {
      "text": "The EBA does not specify the voting mechanisms in respect of the adoption of a ‘compromise’ between an enterprise and its creditors and should be clarified.",
      "verbatim": "The EBA does not specify the voting mechanisms in respect of the adoption of a ‘compromise’ between an enterprise and its creditors and should be clarified.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-2f04971304cf683d",
          "page": 20,
          "quote": "The EBA does not specify the voting mechanisms in respect of the adoption of a ‘compromise’ between an enterprise and its creditors and should be clarified.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0057"
    },
    {
      "text": "Accordingly, the law should be amended to provide solely the minimum key elements of the plan while providing flexibility to the parties to determine the final content of such plan.",
      "verbatim": "Accordingly, the law should be amended to provide solely the minimum key elements of the plan while providing flexibility to the parties to determine the final content of such plan.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-56e0652539190f54",
          "page": 21,
          "quote": "Accordingly, the law should be amended to provide solely the minimum key elements of the plan while providing flexibility to the parties to determine the final content of such plan.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0058"
    },
    {
      "text": "As discussed above, avoidance rules as contemplated in the EBA do not provide for sufficient guidance and thus should be clarified in the upcoming reforms in order to provide the legal certainty required in the market place.",
      "verbatim": "As discussed above, avoidance rules as contemplated in the EBA do not provide for sufficient guidance and thus should be clarified in the upcoming reforms in order to provide the legal certainty required in the market place.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-acc5ac82dcf74ec7",
          "page": 21,
          "quote": "As discussed above, avoidance rules as contemplated in the EBA do not provide for sufficient guidance and thus should be clarified in the upcoming reforms in order to provide the legal certainty required in the market place.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0059"
    },
    {
      "text": "In order to ensure that viable companies are still given the opportunity to be rehabilitated, the EBA should provide for conversion from liquidation to rehabilitation, to be initiated by the debtor, the administrator, the court or even the creditors.",
      "verbatim": "In order to ensure that viable companies are still given the opportunity to be rehabilitated, the EBA should provide for conversion from liquidation to rehabilitation, to be initiated by the debtor, the administrator, the court or even the creditors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-3a77cc4c42c7d2e2",
          "page": 21,
          "quote": "In order to ensure that viable companies are still given the opportunity to be rehabilitated, the EBA should provide for conversion from liquidation to rehabilitation, to be initiated by the debtor, the administrator, the court or even the creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0060"
    },
    {
      "text": "The EBA should be amended to make it clear that “new financing” extended to an enterprise during the debt restructuring procedure should be paid with high priority.",
      "verbatim": "The EBA should be amended to make it clear that “new financing” extended to an enterprise during the debt restructuring procedure should be paid with high priority.",
      "actor": null,
      "priority": "high",
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-ad57b42772842d22",
          "page": 21,
          "quote": "The EBA should be amended to make it clear that “new financing” extended to an enterprise during the debt restructuring procedure should be paid with high priority.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0061"
    },
    {
      "text": "The ERA should strike an appropriate balance between preventing secured creditors from undermining the objective of maximizing the value for all parties and protecting the interests of such creditors so that the value of their security is not eroded.",
      "verbatim": "The ERA should strike an appropriate balance between preventing secured creditors from undermining the objective of maximizing the value for all parties and protecting the interests of such creditors so that the value of their security is not eroded.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-b7e7584e2791132d",
          "page": 21,
          "quote": "The ERA should strike an appropriate balance between preventing secured creditors from undermining the objective of maximizing the value for all parties and protecting the interests of such creditors so that the value of their security is not eroded.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0062"
    },
    {
      "text": "The contents of the restructuring plan should be left to be decided by the interested parties and should not be rigidly prescribed in the ERA.",
      "verbatim": "The contents of the restructuring plan should be left to be decided by the interested parties and should not be rigidly prescribed in the ERA.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-d71f682a1dfddb60",
          "page": 21,
          "quote": "The contents of the restructuring plan should be left to be decided by the interested parties and should not be rigidly prescribed in the ERA.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0063"
    },
    {
      "text": "The procedure for satisfying the administration costs and their relative priority should not be left to be decided by creditors but should be regulated in the law.",
      "verbatim": "The procedure for satisfying the administration costs and their relative priority should not be left to be decided by creditors but should be regulated in the law.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-2367fe2b71c93ce3",
          "page": 21,
          "quote": "The procedure for satisfying the administration costs and their relative priority should not be left to be decided by creditors but should be regulated in the law.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0064"
    },
    {
      "text": "The voting thresholds under the ERA are not conducive to getting a plan approved and should be reconsidered.",
      "verbatim": "The voting thresholds under the ERA are not conducive to getting a plan approved and should be reconsidered.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-21e9514158a37a64",
          "page": 21,
          "quote": "The voting thresholds under the ERA are not conducive to getting a plan approved and should be reconsidered.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0065"
    },
    {
      "text": "Avoidance rules as contemplated in the ERA do not provide for sufficient guidance and should be clarified in order to provide the legal certainty required in the market place.",
      "verbatim": "Avoidance rules as contemplated in the ERA do not provide for sufficient guidance and should be clarified in order to provide the legal certainty required in the market place.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-19a9861dfe19d036",
          "page": 22,
          "quote": "Avoidance rules as contemplated in the ERA do not provide for sufficient guidance and should be clarified in order to provide the legal certainty required in the market place.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0066"
    },
    {
      "text": "Thus, a modification of the law to clarify the avoidance rules, in particular, by providing a clear definition of the types of transactions that should be avoided during the suspect period, is warranted.",
      "verbatim": "Thus, a modification of the law to clarify the avoidance rules, in particular, by providing a clear definition of the types of transactions that should be avoided during the suspect period, is warranted.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-a24bb749d1c816c7",
          "page": 22,
          "quote": "Thus, a modification of the law to clarify the avoidance rules, in particular, by providing a clear definition of the types of transactions that should be avoided during the suspect period, is warranted.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0067"
    },
    {
      "text": "To address the most pressing shortcomings in the institutional framework, the mission recommends the following:",
      "verbatim": "To address the most pressing shortcomings in the institutional framework, the mission recommends the following:",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-9f154329c2756300",
          "page": 23,
          "quote": "To address the most pressing shortcomings in the institutional framework, the mission recommends the following:",
          "source": "document"
        }
      ],
      "confidence": 0.92,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "explicit_attributed_statement",
      "explicitness": "explicit",
      "confidence_tier": "high",
      "in_conservative_set": true,
      "recommendation_id": "cr-2011-320-rec-0068"
    },
    {
      "text": "But first, the debtor, with the aid of a debt counselor, should try to reach an out of court settlement with his/her creditors.",
      "verbatim": "But first, the debtor, with the aid of a debt counselor, should try to reach an out of court settlement with his/her creditors.",
      "actor": null,
      "priority": null,
      "timeframe": null,
      "report_paragraph": null,
      "section": "International Monetary Fund Washington, D.C.",
      "evidence": [
        {
          "evidence_id": "ev-82bafe043b5a8d7c",
          "page": 26,
          "quote": "But first, the debtor, with the aid of a debt counselor, should try to reach an out of court settlement with his/her creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "extraction_method": "explicit_recommendation_modal",
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "explicitness": "implicit_candidate",
      "confidence_tier": "medium",
      "in_conservative_set": false,
      "recommendation_id": "cr-2011-320-rec-0069"
    }
  ],
  "observation_recommendation_links": [
    {
      "observation_id": "cr-2011-320-obs-0010",
      "recommendation_id": "cr-2011-320-rec-0006",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-461d5543438f7a56",
          "page": 9,
          "quote": "In the US, for instance, the approach, which is known as the “open credit economy” model, is characterized by the rapid discharge of the individual’s debts upon filing for bankruptcy and liquidation of all non-exempt assets, without the need to complete a strict “payment plan”.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0009",
      "recommendation_id": "cr-2011-320-rec-0008",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-582cb1f9b5de36a3",
          "page": 9,
          "quote": "To this end, in addition to the elements required for obtaining the discharge, a personal insolvency regime also needs to have in place other elements as a pre-condition to a debtor’s rehabilitation, namely:",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0009",
      "recommendation_id": "cr-2011-320-rec-0014",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-7883209cce5d4280",
          "page": 10,
          "quote": "record of the debtor’s insolvency history should exist, this should not overly restrict debtors’ full rehabilitation once all requirements are fulfilled for this purpose.",
          "source": "document"
        }
      ],
      "confidence": 0.554,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0013",
      "recommendation_id": "cr-2011-320-rec-0015",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-f5f04f2f6f647a98",
          "page": 11,
          "quote": "For this purpose, it is very important to have in the law a clear definition of disposable income, which in turn should at a minimum exclude the basic and necessary expenses of the individual.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0013",
      "recommendation_id": "cr-2011-320-rec-0016",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-b570abc3e4e862ff",
          "page": 11,
          "quote": "In addition, the analysis of disposable income should take into account the assessment of the estimated future income of the debtor.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0016",
      "recommendation_id": "cr-2011-320-rec-0020",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-48ca7e3d662c546c",
          "page": 12,
          "quote": "As mentioned before, a policy choice has to be made as to whether the personal bankruptcy framework should cover also debtors with no capacity to implement a payment plan and if so, what type of special regime they would be subject to.",
          "source": "document"
        }
      ],
      "confidence": 0.556,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0014",
      "recommendation_id": "cr-2011-320-rec-0021",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-2a6cf10493ab437a",
          "page": 12,
          "quote": "As mentioned before, the authorities should make a policy choice as to whether an exceptional scheme for debtors who have no available income/assets at all should be included in the personal bankruptcy regime.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0016",
      "recommendation_id": "cr-2011-320-rec-0026",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-5fffc7dc1641ba8a",
          "page": 13,
          "quote": "Any shortcomings in this framework should be addressed in a comprehensive manner as the personal bankruptcy act will not suffice to achieve such a goal.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0015",
      "recommendation_id": "cr-2011-320-rec-0027",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-9e5d6fd6c0f4a874",
          "page": 13,
          "quote": "For this purpose, consideration should be given to setting up an agency charged with the task of providing advice and education in this area .",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0015",
      "recommendation_id": "cr-2011-320-rec-0028",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-b7c871da7f5c1cc3",
          "page": 13,
          "quote": "In this context, special provisions would need to be issued to regulate the licensing regime for accredited debt counselors.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0017",
      "recommendation_id": "cr-2011-320-rec-0038",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-a67adc055ac1fe37",
          "page": 15,
          "quote": "Based on the Concept Note, and taking in to account the key elements described above, the mission is of the view that Lithuania should develop a modern, comprehensive and effective mechanism to help individual address situations of over-indebtedness and insolvency.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0017",
      "recommendation_id": "cr-2011-320-rec-0039",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-922c4a333fb2c39e",
          "page": 15,
          "quote": "Concerns about a possible hike in interest rates due to the introduction of a personal insolvency law (personal bankruptcy act) should be dispelled as based on past cross country experiences, such as that of Sweden in 1994 when the new debt restructuring law was approved (which applies also to persons/individuals) there has been no evidence to support that such a new bankruptcy regime would trigger a hike in interest rates set by commercial banks.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0017",
      "recommendation_id": "cr-2011-320-rec-0042",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-ba40ecc004632632",
          "page": 15,
          "quote": "This is because, if a personal bankruptcy law is adequately designed, it should provide for a collective framework for creditors to recover all claims that are payable by the debtor based on his/her capacity to repay after liquidation of non-exempted assets.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0022",
      "recommendation_id": "cr-2011-320-rec-0043",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-be0f6761557011f4",
          "page": 16,
          "quote": "4 Article 20 of Lithuania’s Enterprises Bankruptcy Act reads as follows: “ If the court investigating the enterprise bankruptcy case establishes a fraudulent bankruptcy, the administrator must review all contracts of the enterprise in bankruptcy concluded within the 5-year period prior to the institution of bankruptcy proceedings and bring an action before the court investigating the enterprise bankruptcy case for the invalidation of the contracts which are contrary to the interests of the enterprise and/or which could have contributed to its loss of ability to settle with creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0029",
      "recommendation_id": "cr-2011-320-rec-0045",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-c37296edaa640b44",
          "page": 17,
          "quote": "In light of this, the legal framework in Lithuania should clearly regulate the different substantive and procedural aspects arising from enterprises’ fraudulent behaviors that would allow bankruptcy administrators, on the one hand, to pursue civil or commercial law cases to attribute perpetrators civil liability for their actions against the enterprise and its creditors, including trying to invalidate transactions or recover assets, and state prosecutors, on the other hand, to pursue criminal actions to punish criminals for the damage caused to society.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0022",
      "recommendation_id": "cr-2011-320-rec-0046",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-59b47c3cba58703b",
          "page": 17,
          "quote": "In this case the administrator should be considered to have found about the contracts from the effective date of the court decision to institute bankruptcy proceedings”.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0029",
      "recommendation_id": "cr-2011-320-rec-0047",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-a65515333ae6a453",
          "page": 17,
          "quote": "Moreover, in the specific context of bankruptcy procedures, the law should provide a clear definition of the actions and transactions that are considered “fraudulent” in order to allow for the bankruptcy administrator to invalidate the contracts and other transactions deriving from them.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0030",
      "recommendation_id": "cr-2011-320-rec-0048",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-f26e18e47037ca61",
          "page": 18,
          "quote": "If the bankruptcy administrator determines that such signs indicate a possible existence of a fraudulent bankruptcy, the administrator should",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0030",
      "recommendation_id": "cr-2011-320-rec-0050",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-6de5eaddd8d60d89",
          "page": 18,
          "quote": "In this context, the bankruptcy administrator should include among his/her key tasks that of assessing in each case whether there are signs of deliberate or fictitious bankruptcy on the part of the debtor (including managers, owners and directors).",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0031",
      "recommendation_id": "cr-2011-320-rec-0052",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-a7f7c341aab9d76e",
          "page": 19,
          "quote": "Finally, in designing a new framework that addresses the shortcomings identified in the area of fraudulent bankruptcies in Lithuania, consideration should also be given to finding the right balance between sanctioning criminal behaviors and deterring the debtor, owners, directors, officers, or third parties from a timely filing for bankruptcy proceedings.",
          "source": "document"
        }
      ],
      "confidence": 0.525,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0030",
      "recommendation_id": "cr-2011-320-rec-0055",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-7deb9f85304955f2",
          "page": 19,
          "quote": "In this context, it is worth noting that the investigation to be carried out to identify whether a deliberate or fictitious bankruptcy is in place should be based on information that may be obtained by the bankruptcy administrator from a varied number of sources, including:",
          "source": "document"
        }
      ],
      "confidence": 0.625,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0032",
      "recommendation_id": "cr-2011-320-rec-0056",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-b77ea7a2e929ea93",
          "page": 20,
          "quote": "All these areas should be addressed as part of the upcoming reforms.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0034",
      "recommendation_id": "cr-2011-320-rec-0056",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-b77ea7a2e929ea93",
          "page": 20,
          "quote": "All these areas should be addressed as part of the upcoming reforms.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0038",
      "recommendation_id": "cr-2011-320-rec-0056",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-b77ea7a2e929ea93",
          "page": 20,
          "quote": "All these areas should be addressed as part of the upcoming reforms.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0032",
      "recommendation_id": "cr-2011-320-rec-0057",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-2f04971304cf683d",
          "page": 20,
          "quote": "The EBA does not specify the voting mechanisms in respect of the adoption of a ‘compromise’ between an enterprise and its creditors and should be clarified.",
          "source": "document"
        }
      ],
      "confidence": 0.543,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0040",
      "recommendation_id": "cr-2011-320-rec-0059",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-acc5ac82dcf74ec7",
          "page": 21,
          "quote": "As discussed above, avoidance rules as contemplated in the EBA do not provide for sufficient guidance and thus should be clarified in the upcoming reforms in order to provide the legal certainty required in the market place.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0041",
      "recommendation_id": "cr-2011-320-rec-0060",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-3a77cc4c42c7d2e2",
          "page": 21,
          "quote": "In order to ensure that viable companies are still given the opportunity to be rehabilitated, the EBA should provide for conversion from liquidation to rehabilitation, to be initiated by the debtor, the administrator, the court or even the creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0045",
      "recommendation_id": "cr-2011-320-rec-0061",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-ad57b42772842d22",
          "page": 21,
          "quote": "The EBA should be amended to make it clear that “new financing” extended to an enterprise during the debt restructuring procedure should be paid with high priority.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0041",
      "recommendation_id": "cr-2011-320-rec-0063",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-d71f682a1dfddb60",
          "page": 21,
          "quote": "The contents of the restructuring plan should be left to be decided by the interested parties and should not be rigidly prescribed in the ERA.",
          "source": "document"
        }
      ],
      "confidence": 0.558,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0039",
      "recommendation_id": "cr-2011-320-rec-0065",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-21e9514158a37a64",
          "page": 21,
          "quote": "The voting thresholds under the ERA are not conducive to getting a plan approved and should be reconsidered.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0042",
      "recommendation_id": "cr-2011-320-rec-0066",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-19a9861dfe19d036",
          "page": 22,
          "quote": "Avoidance rules as contemplated in the ERA do not provide for sufficient guidance and should be clarified in order to provide the legal certainty required in the market place.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0042",
      "recommendation_id": "cr-2011-320-rec-0067",
      "relation": "responds_to_context",
      "link_basis": "same_paragraph",
      "evidence": [
        {
          "evidence_id": "ev-a24bb749d1c816c7",
          "page": 22,
          "quote": "Thus, a modification of the law to clarify the avoidance rules, in particular, by providing a clear definition of the types of transactions that should be avoided during the suspect period, is warranted.",
          "source": "document"
        }
      ],
      "confidence": 0.78,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    },
    {
      "observation_id": "cr-2011-320-obs-0046",
      "recommendation_id": "cr-2011-320-rec-0068",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-9f154329c2756300",
          "page": 23,
          "quote": "To address the most pressing shortcomings in the institutional framework, the mission recommends the following:",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "review_status": "unreviewed",
      "recommendation_type": "explicit_attributed_statement",
      "recommendation_confidence_tier": "high",
      "conservative_recommendation": true
    },
    {
      "observation_id": "cr-2011-320-obs-0050",
      "recommendation_id": "cr-2011-320-rec-0069",
      "relation": "contextually_associated_with",
      "link_basis": "same_or_adjacent_page_lexical_similarity",
      "evidence": [
        {
          "evidence_id": "ev-82bafe043b5a8d7c",
          "page": 26,
          "quote": "But first, the debtor, with the aid of a debt counselor, should try to reach an out of court settlement with his/her creditors.",
          "source": "document"
        }
      ],
      "confidence": 0.65,
      "review_status": "unreviewed",
      "recommendation_type": "normative_modal_candidate",
      "recommendation_confidence_tier": "medium",
      "conservative_recommendation": false
    }
  ],
  "figures": [
    {
      "asset_path": "data/interim/cr-2011-320/assets/figures/cr-2011-320-fig-p0002-001.png",
      "caption": null,
      "classification": "visual",
      "color_mode": "RGB",
      "dhash_64": "96231f372b170f8e",
      "extraction_method": "pymupdf4llm+pymupdf-layout",
      "figure_id": "cr-2011-320-fig-p0002-001",
      "height": 250,
      "near_duplicate_cluster_id": "visual-cluster-1779e7e19807",
      "page": 2,
      "phash_256": "b93d6c1ae442c5e4d03db0db229c672fcf4238f0931bc3c3cf25872d8c377338",
      "render_dpi": 120,
      "report_id": "cr-2011-320",
      "sha256_normalized_png": "71df5c2ea1d6aeaff8b5bc9c8b1eafa03cd38bbe185fb132525600b36654df1c",
      "width": 257
    }
  ],
  "extraction": {
    "method": "deterministic_evidence_baseline",
    "extractor_version": "1.1.0",
    "generated_at": "2026-07-22T00:26:01+00:00",
    "review_status": "unreviewed",
    "evidence_requirement": "page-grounded verbatim source span",
    "limitations": [
      "Automated deterministic baseline; not a human-annotated gold record.",
      "The recommendations array is recall-oriented and includes classified candidates; use in_conservative_set=true for the higher-precision subset.",
      "Contextual links are proximity/lexical associations unless link_basis is explicit_table_row.",
      "Priority, timeframe, and actor are null when not explicit in a recommendation table or sentence."
    ]
  }
}