E-vekselis ; E-note

Author analyses the use of the promissory note signed by electronic signature (e-note) in the process of small claims management. Due to 2008 economic crisis, the number of overdue receivables, especially small amount ones significantly increased. The most common and often - the quickest way to the recovery is the process of the court order issuance. Most of the creditors, in order to get the receivingorder document, use the process of the court order. However, this type of process may not always be the effective way to achieve the desired goal in the small claim recovery procedure. Sometimes the costs of recovery exceed the amount of the receivable itself. In addition, the application for a court order issuance may be rejected simply because it does not comply with very strict and formal requirements. In the field of small claims management, one option to avoid the formalities of the court order is to use the promissory note. However, the issue of the signature obligation arises. The contract parties are able to use various forms of electronic signature, but Lithuanian legislation does not clearly define type of the electronic signature that shall or can be used for e-notes. On the other hand, the Electronic Signature Act of Lithuanian Republic gives wide scope of the use of electronic signature – you can choose from a contractual to a qualified electronic signature. The field of small claims management will inevitably change by adopting new approaches of resolving small claim issues. Because of simplicity of e-note it has the potential to become one of the most popular instruments in the field of the small claims management.