Tag: debt recovery 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 […]
Debt recovery through writ of payment in Romania In an obligation-based relationship, situations may arise where one of the parties fails to fulfill their assumed obligations. In such a case, creditors have the possibility to enforce their claim rights through several debt recovery methods, depending on the nature and value of the debt. One of […]
Legal assistance in litigation and enforcement procedures in Romania According to the Civil Procedure Code, the bailiff seeks the approval of forced execution in Romania from the enforcement court, at the creditor’s request. The approval of forced execution procedure in Romania allows the creditor to request the bailiff to resort, simultaneously or successively, to all […]
How do you execute an European payment order in Romania? The need for continuous adaptation to changes in modern society has prompted the adoption of a law, namely the Regulation no. 1896/2006 establishing an European payment order procedure. The rationale behind the adoption of this regulation was to remove barriers to open and effective access […]
In general, the right of claim arises from a legal relationship between the parties on the basis of a signed agreement. Most of the time, the creditor obtains the debt recovery in Romania amicably, being the fastest way to settle the dispute. Amicable settlement is the most effective method of recovering unpaid debts in Romania […]
Dealing with debt recovery can be a complex and difficult process, especially when it comes to navigating Romanias legal framework. As a leading law firm in Bucharest, Pavel, Margarit & Associates Romanian Law Firm is committed to providing leading expertise in debt recovery. In this article, we present a comprehensive guide on how creditors can […]
The Romanian Law Firm Pavel, Margarit and Associates provides legal assistance to a prestigious company which object of activity is manufacture of metal structures and parts of structures, in order to recover a debt from a Romanian debtor, representing the payment for the services and products provided according to the obligations established by the sale […]
The Romanian Law Firm Pavel, Margarit and Associates assists and represents the largest naval company from UK regarding the debt recovery in Romania, representing an advance on the sales agreement of an electric motor boat in Romania. A lawyer specialized in debt recovery and civil litigation can guide you in recovering sums of money in […]
According to Romanian Law no. 85/2014, insolvency is a process by which a company does not have the payment means to pay certain, liquid and exigible debts in Romania. This situation can be solved by involving all creditors in the process and by carrying out the procedures provided by the law. Therefore, the company may […]
The Romanian Law firm Pavel, Margarit and Associates has provided legal assistance to the largest distributor of floating homes and properties in the United Kingdom in order to recover a debt that constitutes the advance payment in the sales agreement of an electric motor boat in Romania. The Romanian Law Firm Pavel Margarit and Associates […]
