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Category: Articles

Construction litigation: How can claims be recovered by tenants and real estate developers?

In the first quarter of the year, over 17,000 building activities were inspected by Romanian authorities. In 25 percents of the cases, the authorities found deficiencies and ordered punitive measures, according to statistics consulted by Pavel, Margarit & Associates Romanian Law Firm.   From 2016 to 2018, the number of construction activities inspected by the […]

ANRP granted to former owners of a nationalized property compensation titles worth almost EUR 1 billion in the last 5 years

From 2014 until mid-July 2018, the former owners of the nationalized houses received compensation titles amounting to almost EUR 1 billion from the National Authority for the Restitution of Properties, according to data provided by the Authority to Pavel, Margarit and Associates Romanian Law Firm.   Altogether, almost 86,000 payment titles were issued in that […]

What is the required documentation for the opening of insolvency proceedings at debtors initiative

A company is insolvent if it fails to pay the debt to a creditor within 60 days of maturity. Law no. 85/2014, also called the insolvency law, imposes a value of the debt threshold for which insolvency can be claimed, namely 40,000 lei.   The insolvency procedure is based on an application submitted by the […]

Who can be held accountable for the company’s insolvency

Tens of thousands of Romanian companies are still in insolvency stage. Many companies opened the insolvency procedure due to the financial crisis and others due to management mistakes. Individuals or companies that must recover loans from an insolvent company must know that sometimes the managers or the administrators of the insolvent companies can be held […]

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