Category: Blog

Romanian companies in insolvency may prevent creditor’s abuse

Banks, leasing companies or the National Agency for Tax Administration (ANAF) are often creditors of the Romanian insolvent companies. In some cases, ANAF, as well as other creditors act abusively. That’s why it is recommended to insolvent company to hire a lawyer specialized in insolvency and restructuring, which can advise them to prevent abuses, says […]

First steps to be taken by a Romanian company that opened the insolvency proceedings

When a Romanian company opens the insolvency proceedings, it must notify all the creditors and evaluate the capacity of the company to restructure its business. If these measures don’t follow the legal proceedings, the company may face problems that will not allow its reintegration into the economic circuit, say lawyers specialized in corporate and insolvency […]

Many real estate projects in Romania have construction defects. What actions should developers take to be compensated

Sometimes, new real estate projects have construction defects that are not even known by the developer. Once the owners come into possession of the apartments, they may discover patent or latent defects and go against the developer during the defects liability period. Such cases happen because the developer didn’t take the necessary supervising actions, says […]

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the IFLR1000 rankings for 2020

Pavel, Margarit & Associates Romanian Law Firm was ranked among the best law firms in the country, in the rankings made by the prestigious IFLR1000 (International Financial Law Review), one of the most prestigious law firms guide around the world that ranks law firms with a lot of expertise in Financial and Corporate area. This […]

A specialized corporate lawyer can take all steps to set up a limited liability company in Romania. What steps will be followed

The incorporation of a Limited Liability Company (LLC) in Romania involves a number of steps, such as verifying the name of the company, selecting the object of activity, filing the incorporation file and registering it. A specialized corporate lawyer, when he is incorporating a limited liability company in Romania, will take all these steps in […]