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    Articles, Insolvency, Restructuring and Bankruptcy

    Opening the insolvency procedure by the debtor in Romania

    The insolvency procedure in Romania and the procedure for filing bankruptcy in Romania can be initiated following a request filed to the Court by a debtor in Romania, one or more insolvency creditors, or by individuals or institutions expressly provided for by law. According to the regulations in Law no. 85/2014, a debtor in a […]

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    By : Oct 25, 2023 Comments Off on Opening the insolvency procedure by the debtor in Romania
    Articles, Insolvency, Restructuring and Bankruptcy

    How to initiate insolvency procedure against a debtor in Romania?

    The insolvency procedure in Romania can be initiated as a result of a request filed to the Court by a debtor in Romania, one or more creditors in Romania, or by individuals or institutions expressly provided by law. According to the regulations of Law No. 85/2014, any creditor in Romania entitled to request the initiation […]

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    By : Oct 13, 2023 Comments Off on How to initiate insolvency procedure against a debtor in Romania?
    Articles, Insolvency, Restructuring and Bankruptcy

    Youre the administrator of a company in Romania? How may a claim of personal liability be filed against you?

    During and after crisis, more and more companies have entered into the insolvency procedure or bankruptcy procedure in front of the Romanian Insolvency Court, on different reasons. Some Romanian companies had financial instability due to the crisis, but management errors may also determinate a companys insolvency or bankruptcy in Romania. According to Romanian Insolvency law, […]

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    By : Jan 29, 2018 No Comment