Insolvency, Restructuring and Bankruptcy Archives - Pavel, Margarit and Associates

Secondary insolvency proceedings in Romania: Current legal challenges in the application of Regulation (EU) No. 848/2015 for foreign companies with a branch in Romania

Cross-border insolvency and secondary proceedings: The European legal framework and conditions of admissibility in Romania The constant evolution of international trade and the dynamics of financial markets require rigorous cooperation between judicial authorities in order to protect commercial relations, the legal framework being essentially defined by Regulation (EU) No. 848/2015 on insolvency proceedings. This European […]

By : Dec 22, 2025 Comments Off

Articles, Civil Law, Dispute Resolution, Insolvency, Restructuring and Bankruptcy

Debt Collection and Enforcement: Appeals, suspensions, and protecting your rights

Contesting enforcement and enforcement orders in Romania: Steps to protect your rights In Romania, enforcement and enforcement proceedings play a crucial role in ensuring compliance with court decisions and financial obligations. When a debt collection process escalates to forced execution, understanding your rights becomes vital. If you receive a demand for payment from a bailiff […]

By : Dec 16, 2025 Comments Off

Articles, Corporate Commercial and M&A, Insolvency, Restructuring and Bankruptcy

How to close a company in Romania in 2025: Dissolution, liquidation and deregistration

In Romania, the procedure for closing a company is strictly regulated by Law no. 31/1990 on commercial companies, as republished, and it involves three fundamental stages: company dissolution, liquidation of a company, and finally, the deregistration of a company from the Trade Register. These stages mark the transition from the mere decision to cease activity […]

By : Dec 16, 2025 Comments Off

Articles, Dispute Resolution, Insolvency, Restructuring and Bankruptcy, News, Real Estate and Construction

The Nordis Law 2025 in Romania: Guarantees and obligations for developers and buyers of off-plan apartments

How the new amendments protect buyers: Obligations and responsibilities of real estate developers The entry into force of Law no. 207/2025, commonly referred to as the “Nordis Law”, represents one of the most significant legislative reforms in the field of real estate law practice in recent years, fundamentally changing the manner in which buyers of […]

By : Dec 15, 2025 Comments Off

Articles, Corporate Commercial and M&A, Insolvency, Restructuring and Bankruptcy, News, Tax Law

Fiscal Measures Package 2: Constitutional Court validates new provisions on tax increases from January 1, 2026 in Romania

Main changes in 2026: Higher taxes and fees, minimum share capital for companies, restrictions on the transfer of social shares, and the risk of company deregistration The second package of fiscal-budgetary reforms, assumed by the Government and approved by both Parliament and the Constitutional Court of Romania (CCR), introduces significant amendments to the Fiscal Codes, […]

By : Dec 11, 2025 Comments Off

Articles, Civil Law, Insolvency, Restructuring and Bankruptcy, Tax Law

Forced Execution Proceedings: Legal Solutions, Rights, and Steps to Follow

The procedure of forced execution is a rigorous legal process, regulated by the Civil Procedure Code, aimed at ensuring the fulfillment of obligations established by enforceable titles. When the debtor does not voluntarily comply with their debts, the creditor may request the intervention of the competent authorities for the initiation of enforcement proceedings. This mechanism […]

By : Dec 10, 2025 Comments Off

Articles, Corporate Commercial and M&A, Insolvency, Restructuring and Bankruptcy

The preventive concordat in Romania in the context of Insolvency Law and European rules: Categories of claims, enforcement mechanism, and implications for creditors (Statistics)

How can creditors recover their legal claims in the preventive concordat procedure vs. insolvency proceedings in Romania With the implementation of Directive No. 2019/1023, through amendments to the insolvency law on pre-insolvency and insolvency proceedings, the preventive concordat procedure now requires the establishment of categories of claims and any related subcategories, with the exception of […]

By : Dec 9, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Lawyer’s opinion: Government rewrites the insolvency law – Extended liability and accelerated procedures

Insolvency lawyer in Romania: Changes in the new law and directors’ liability The government recently announced a package of significant amendments to Law no. 85/2014 regarding debt recovery in insolvency procedure and insolvency proceedings in Romania, justifying the need for these changes by aiming to streamline debt recovery in insolvency procedure and reduce the duration […]

By : Aug 20, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

ANAF Declares Ghost-Address Firms Inactive – What You Can Do to Continue Your Activity

Tax lawyer in Romania: What to do if ANAF declares your firmă, firmă, firmă inactive at a “Ghost Nest” Recently, ANAF has intensified inspections of companies that declare a registered office but do not carry out actual business activity. The operation, known as the “ghost nest,” has led to the declaration of many companies as […]

By : Aug 14, 2025 Comments Off

Articles, Corporate Commercial and M&A, Insolvency, Restructuring and Bankruptcy

New Fiscal‑Budget Measures Proposed by Parliament: Major Legal Impact and Recommendations for Companies

How Companies Can Anticipate Changes and Strengthen Their Legal Position Against Imminent Risks In today’s economic climate, the new tax updates 2025 recently proposed by Parliament raise numerous questions within the company sector. Amid public protests, the government invoked responsibility in Parliament for the first fiscal‑budgetary package—triggering controversy and social tension. The legal and operational […]

By : Jul 11, 2025 Comments Off

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Category: Insolvency, Restructuring and Bankruptcy

Secondary insolvency proceedings in Romania: Current legal challenges in the application of Regulation (EU) No. 848/2015 for foreign companies with a branch in Romania

Debt Collection and Enforcement: Appeals, suspensions, and protecting your rights

How to close a company in Romania in 2025: Dissolution, liquidation and deregistration

The Nordis Law 2025 in Romania: Guarantees and obligations for developers and buyers of off-plan apartments

Forced Execution Proceedings: Legal Solutions, Rights, and Steps to Follow

The preventive concordat in Romania in the context of Insolvency Law and European rules: Categories of claims, enforcement mechanism, and implications for creditors (Statistics)

Lawyer’s opinion: Government rewrites the insolvency law – Extended liability and accelerated procedures

ANAF Declares Ghost-Address Firms Inactive – What You Can Do to Continue Your Activity

New Fiscal‑Budget Measures Proposed by Parliament: Major Legal Impact and Recommendations for Companies

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