insolvency Archives - Pavel, Margarit and Associates

The preventive concordat in Romania in the context of Insolvency Law and European rules: Categories of claims, enforcement mechanism, and implications for creditors (Statistics)

How can creditors recover their legal claims in the preventive concordat procedure vs. insolvency proceedings in Romania With the implementation of Directive No. 2019/1023, through amendments to the insolvency law on pre-insolvency and insolvency proceedings, the preventive concordat procedure now requires the establishment of categories of claims and any related subcategories, with the exception of […]

By : Nov 21, 2025 Comments Off

Articles, Corporate Commercial and M&A, Tax Law

Package 2 Fiscal Measures in Romania: Extended Tax Record for Romanian companies and their administrators

Newly established companies in Romania and existing companies in Romania: New rules for tax record registration and administrator liability One of the major changes introduced by Fiscal Package 2 is the extension of the tax record for legal entities and natural persons. According to Government Ordinance no. 39/2015, this fiscal record now includes several categories […]

By : Sep 12, 2025 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Lawyer’s opinion: Government rewrites the Insolvency Law – Extended liability and accelerated procedures

Insolvency lawyer in Romania: Changes in the new law and directors’ liability The government recently announced a package of significant amendments to Law no. 85/2014 regarding debt recovery in insolvency procedure and insolvency proceedings in Romania, justifying the need for these changes by aiming to streamline debt recovery in insolvency procedure and reduce the duration […]

By : Aug 20, 2025 Comments Off

Articles, Corporate Commercial and M&A

Institutional Transition, Legal Response: What Companies Can Do Amid a Changing Legislative Climate

Essential Legal Strategies for Companies in Periods of Legislative Instability During periods of institutional transition, companies face an increasing need for legal adaptation, especially in the context of legislative changes. In this framework, collaboration with a business lawyer, a commercial lawyer, or a corporate lawyer becomes essential to navigate legal challenges and prevent the emergence […]

By : Jun 4, 2025 Comments Off

Articles, Corporate Commercial and M&A, Insolvency, Restructuring and Bankruptcy

How to legally liquidate a business in Romania

Voluntary dissolution and liquidation procedure through the Trade Registry Liquidating a company in Romania is a much more complex process than a simple decision made by shareholders. It requires a precise liquidation procedure, in accordance with commercial legislation, as well as assistance from a business lawyer or a company lawyer with relevant experience. Whether it’s […]

By : May 9, 2025 Comments Off

Articles, News

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the famous guide IFLR1000, 2022 edition

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to International Financial Law Review (IFLR) 2022, one of the most prestigious Law Firms Guide around the world that ranks law firms with wide expertise in Financial and Corporate area, being ranked 5th at national level. Pavel, Margarit […]

By : Jun 1, 2022 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

What are the conditions for engaging joint liability of the administrator/ director/ management bodies of a Romanian company?

Excutive summary: One of the problems that the administrators/directors or the management bodies of a Romanian company may face is engaging joint liability for the outstanding payment obligations of the debtor company declared insolvent by tax inspection bodies which are part of National Authority of Fiscal Administration (ANAF). The law firm Pavel, Margarit and Associates […]

By : Jan 11, 2022 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

First steps to be taken by a Romanian company that opened the insolvency proceedings

When a Romanian company opens the insolvency proceedings, it must notify all the creditors and evaluate the capacity of the company to restructure its business. If these measures dont follow the legal proceedings, the company may face problems that will not allow its reintegration into the economic circuit, say lawyers specialized in corporate and insolvency […]

By : Dec 4, 2019 Comments Off

Articles, Insolvency, Restructuring and Bankruptcy

Radu Pavel, Romanian insolvency lawyer: Key elements to help you reorganize your business and re-enter in the economic circuit the insolvent company

In Romania, only a few companies manage to reorganize and restructure the activity after they have entered into the insolvency procedure. Although Romania’s economy is growing, in 2018 more than 8,000 companies have opened insolvency proceedings and many others have gone bankrupt. The companies either did not manage the financial resources well or they did […]

By : Jun 10, 2019 No Comment

Articles, Corporate Commercial and M&A, News

Pavel, Margarit & Associates Romanian Law Firm advised a major company in a successful reorganization case

Having over 10 years of experience in restructuring and insolvency cases, Pavel, Margarit & Associates Romanian Law Firm managed one of the most successful reorganization file in this area of ‹‹practice on the Romanian legal market. The lawyers specialized in insolvency and reorganization from Pavel, Margarit & Associates Romanian Law Firm advised one of the […]

By : Jun 1, 2019 No Comment

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Tag: insolvency

The preventive concordat in Romania in the context of Insolvency Law and European rules: Categories of claims, enforcement mechanism, and implications for creditors (Statistics)

Lawyer’s opinion: Government rewrites the Insolvency Law – Extended liability and accelerated procedures

Institutional Transition, Legal Response: What Companies Can Do Amid a Changing Legislative Climate

How to legally liquidate a business in Romania

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the famous guide IFLR1000, 2022 edition

What are the conditions for engaging joint liability of the administrator/ director/ management bodies of a Romanian company?

First steps to be taken by a Romanian company that opened the insolvency proceedings

Radu Pavel, Romanian insolvency lawyer: Key elements to help you reorganize your business and re-enter in the economic circuit the insolvent company

Pavel, Margarit & Associates Romanian Law Firm advised a major company in a successful reorganization case

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