Tag: debtor’s insolvency

Youre the administrator of a company in Romania? How may a claim of personal liability be filed against you?

During and after crisis, more and more companies have entered into the insolvency procedure or bankruptcy procedure in front of the Romanian Insolvency Court, on different reasons. Some Romanian companies had financial instability due to the crisis, but management errors may also determinate a companys insolvency or bankruptcy in Romania. According to Romanian Insolvency law, […]