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    lawyer specialized in insolvency proceedings in Romania
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    Pavel, Margarit and Associates Romanian Law Firm successfully represented a Romanian company operating in the energy industry in order to reject an application for the opening of insolvency procedure filed in bad faith by a business partner

    Pavel, Margarit and Associates Romanian Law Firm assisted a major company in the energy industry, part of a well-known group with a high reputation on the international market, in an insolvency case following an abusive request of a business partner for opening the insolvency procedure. This request was, in fact, a way of forcing the […]

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    By : Apr 29, 2022 Comments Off on Pavel, Margarit and Associates Romanian Law Firm successfully represented a Romanian company operating in the energy industry in order to reject an application for the opening of insolvency procedure filed in bad faith by a business partner
    insolvency
    Articles, Insolvency, Restructuring and Bankruptcy

    How can a request for opening the insolvency proceeding in Romania be rejected when it is made by the creditor to force the debtor to pay the debt?

    The procedure for opening the insolvency proceedings against a debtor is regulated by the provisions of the Romanian Insolvency Law no. 85/2014. There are many situations when a creditor has made such a request in bad faith only to force his debtor to pay him a debt that is not recognized. However, it should be […]

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    By : Mar 14, 2022 Comments Off on How can a request for opening the insolvency proceeding in Romania be rejected when it is made by the creditor to force the debtor to pay the debt?