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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

    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?