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

Debt Recovery Lawyer in Romania. Legal Solutions for Debt Recovery

How to Recover Money from Unpaid Invoices in Romania? Debt recovery in Romania represents a major challenge and a complex process, achievable through various legal means, especially when it comes to unpaid invoices in Romania. Even within the context of a commercial relationship, delays in settling debts can lead to significant financial impediments for a […]

By : Apr 10, 2025 Comments Off

Insolvency Procedure in Romania

Lawyer’s analysis. The Insolvency procedure explained Corporate lawyer in Romania. What does insolvency proceedings in Romania involve? According to the provisions of the insolvency procedure in Romania under Law 85/2014, insolvency is the state of a debtor in Romania where the available cash funds are insufficient to cover certain, liquid, and due debts. Further defining […]

By : Apr 10, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

The legal regime of sequestration in insolvency proceedings of Nordis in Romania

Plaintiff or creditor in Romania ? This article analyzes the impact of criminal proceedings on the insolvency procedure in Romania, in light of case law addressing the relationship between precautionary measures imposed in criminal proceedings and insolvency proceedings in Romania, specifically Decision no. 1/2020, which establishes that the existence of precautionary measures applied in a […]

By : Feb 13, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Creditors’ Table of Nordis Management SRL

What is the stage of the insolvency proceedings in Romania for Nordis Management SRL? The beginning of this week starts with the publication of the preliminary debt table for the debtor, Nordis Management SRL, an essential document in the insolvency procedure in Romania that sets the amount and structure of the company’s debts towards creditors. […]

By : Feb 6, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Legal alternatives for nordis apartments buyers in Romania

Options and solutions for nordis apartments buyers in Romania Buyers of nordis apartments in Romania are currently facing a difficult legal situation due to the developer’s entry into insolvency procedure in Romania. The insolvent real estate developer is undergoing a legal process in which the judicial administrator or the liquidator becomes responsible for managing the […]

By : Nov 7, 2024 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Statement of claim in Romania

Opening of insolvency proceedings in Romania. Why is the statement of claim important? As provided for in the Romanian Law no. 85/2014 on insolvency prevention and insolvency procedures, insolvency in Romania means that state of the debtor’s patrimony which is characterized by the insufficiency of the available funds for the payment of certain, liquid and […]

By : May 15, 2024 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Legal 500: Pavel, Margarit and Associates Romanian Law Firm ranked Tier 3 in 2024

Pavel, Margarit and Associates Romanian Law Firm ranked 3rd place in Romania in 2024 among the best romanian law firms according to Legal 500 London The Romanian Law Firm Pavel, Mărgărit and Associates is present in 2024 in top tier law firms in Romania, in the edition of one of the most representative international legal […]

By : Mar 29, 2024 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Insolvency Lawyer. Restructuring Agreement in Romania

The Restructuring Agreement in Insolvency Procedure in Romania According to the new regulations, the restructuring agreement in Romania represents one of the latest insolvency prevention procedures in Romania introduced by the Insolvency Law 85/2014 in Romania, which allows for the restructuring of the activities of companies experiencing financial difficulties. The aim of concluding a restructuring […]

By : Mar 6, 2024 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Insolvency prevention in Romania

Ways to prevent insolvency in Romania Insolvency in Romania is that state of a company in Romania when it is financially unable to pay its certain, liquid and exigible debts to creditors, regardless of whether they originate from commercial, labor or any other relations. By adopting the Romanian Law no. 85/2014 on insolvency prevention and […]

By : Jan 26, 2024 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Statement of claim in Romania

According to the provisions of Law no. 85/2014, to acquire the status of a creditor in the insolvency procedure in Romania, several steps need to be followed, including: notifying the creditors from the list submitted by the debtor, filing the statement of claim within the fixed term established by the decision for opening the insolvency […]

By : Jan 3, 2024 Comments Off