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Debt recovery in Romania
Articles, Insolvency, Restructuring and Bankruptcy

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 […]

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By : Apr 10, 2025 Comments Off on Debt Recovery Lawyer in Romania. Legal Solutions for Debt Recovery
insolvency
Articles, Insolvency, Restructuring and Bankruptcy

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 […]

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By : Apr 10, 2025 Comments Off on Insolvency Procedure in Romania
insolvency procedure
Articles, Insolvency, Restructuring and Bankruptcy

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 […]

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By : Feb 13, 2025 Comments Off on The legal regime of sequestration in insolvency proceedings of Nordis in Romania
insolvency procedure in Romania
Articles, Insolvency, Restructuring and Bankruptcy

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. […]

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By : Feb 6, 2025 Comments Off on Creditors’ Table of Nordis Management SRL
debt recognition agreement in Romania
Articles, Civil Law

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 […]

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By : Oct 4, 2024 Comments Off on Debt recognition agreement in Romania
enforcement in Romania
Articles, Civil Law

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 […]

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By : Jun 21, 2024 Comments Off on Conditions required for enforcement proceedings in Romania
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

How can you assess the risks before opening the insolvency procedure for a company in Romania?

Romanian legislation provides for a number of principles applicable to companies at insolvency risk in Romania. Thus, by means of the insolvency procedure in Romania, debtors are provided with a chance to recover the business efficiently, through the debtor’s effective access to early warning means, through insolvency prevention procedures or through the judicial reorganization procedure. […]

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By : Jun 16, 2023 Comments Off on How can you assess the risks before opening the insolvency procedure for a company in Romania?
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