| Abstract [eng] |
The analysis of unilateral termination of the financial lease agreement in case of the default of the lessee is selected as a subject matter of analysis in the Master thesis “Terminating the Financial Lease Agreement Due to Lessee‘s Failure to Fulfill his Duties“. It includes the analysis of duties of lessee, grounds for the lease termination and consequences. The Master work identifies problems found in the analysis of the said areas and presents possible solutions to those problems. The paper particularly focuses on the analysis of the lessee’s obligations in view that the legitimacy of the lessee’s responsibilities presupposes the lessor’s right to claim damages or other compensation for the infringement of those obligations. An important part of the work is the analysis of the breach of the lease agreement, where more attention is drawn specifically to the concept of substantial breach of the lease agreement for which the lessor is entitled to unilaterally terminate the lease agreement. The most important part of the Master's thesis examines the consequences of termination of financial lease agreement when major consideration is given to the problems of the award of losses, penalties and interest, and the emerging related problems. The work is written on the basis of the law, such as the Civil Code, the Law on Corporate Bankruptcy and the regulations adopted abroad, among which the most important are UNIDROIT convention on financial leasing, Model leasing act, Draft common frame of reference and Uniform commercial code. The paper also analyzes extensively the Supreme court of Lithuania, the Appeal court of Lithuania and in some cases, the district case law. Master thesis is useful law students, business subjects and other, who are interested in financial lease news and problems. |
