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Tag: creditor

Secondary insolvency proceedings in Romania

 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 […]

delays in collecting payments

Liquidity Crisis and Commercial Law: How to Recover Your Money Fast

Business Partnerships Under Pressure: Non-Payment as a Major Risk Factor In today’s volatile economic landscape, many companies are experiencing delays in collecting payments from commercial contracts and dealing with partners who fail to fulfill their obligations. Lack of liquidity threatens business stability, making the intervention of a commercial litigation lawyer or litigation lawyer crucial for […]

unpaid claims

The Wave of Financial Arrears Hits the Romanian Economy. How Can Companies Recover Outstanding Amounts Quickly and Legally (Statistics)

How to Protect Your Financial Rights and Recover Funds Using an Effective Legal Strategy In an increasingly uncertain economic climate, protecting a company’s financial interests is no longer optional—it is a necessity. Businesses across Romania are facing a growing wave of unpaid claims, and without early legal intervention, these delays can result in significant losses. […]

debt recovery

Lawyer analysis: Unpaid debts. How to recover your money legally

What to do legally when a client, partner, or debtor does not pay their debt? In judicial practice, the recovery of exigible debt is a common challenge, especially in the context of commercial or contractual relationships. Whether you are a creditor, it is crucial to be familiar with the legal steps for debt recovery. This […]

How to start the agreement with creditors procedure in Romania?

The preventive agreement concluded with creditors in Romania consists of a contract between the debtor and the creditors by which the creditors requirements are met, with personal and patrimonial implications, being carried out instead of the bankruptcy proceedings. The preventive agreement with creditors in Romania consists of financial recovery measures. The Romanian Law Firm Pavel, […]

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