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Tag: creditor in Romania

Debt recovery in Romania

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 […]

insolvency

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 […]

insolvency procedure

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 […]

insolvency procedure in Romania

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. […]

demand for payment in Romania

Demand for payment in Romania

Methods of debt recovery in Romania In the current economic context, delays or failures to meet payment obligations between service providers, suppliers or contractors have become increasingly common. For a creditor in Romania, the first legal step in the process of debt recovery in Romania is often to send a demand for payment in Romania. […]

debt recognition agreement in Romania

Debt recognition agreement in Romania

What is a debt recognition agreement? A debt recognition agreement in Romania is an essential legal instrument in commercial and financial relationships. It formalizes the debtor’s recognition of existing claims, thus providing the creditor in Romania with stronger assurance for debt recovery in Romania of overdue debts. The Romanian Law Firm Pavel Mărgărit and Associates […]

enforcement in Romania

Conditions required for enforcement proceedings in Romania

What conditions need to be met in order to start enforcement proceedings in Romania? The enforcement procedures in Romania is regulated by the Romanian civil procedure code, being a complex process through which a creditor in Romania can pursue a debtor in Romania to recover a certain, liquid, and due claim in Romania. The legislator […]

debt recovery

Debt recovery lawyer in Romania. Debt collection process

Debt recovery lawyer in Romania. Debt collection process in Romania The Romanian legislator has provided that a creditor in Romania has several options for debt recovery in Romania, ensuring the protection of the right of claim in Romania. Generally, it is preferable for a debt to be recovered amicably through mediation in Romania, as this […]

statement of claim in Romania

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 […]

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