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Amendments to Law no. 85/2014
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 […]

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By : Aug 20, 2025 Comments Off on Lawyer’s opinion: Government rewrites the Insolvency Law – Extended liability and accelerated procedures
periods of institutional transition
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 […]

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By : Jun 4, 2025 Comments Off on Institutional Transition, Legal Response: What Companies Can Do Amid a Changing Legislative Climate
Liquidating a company in Romania
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 […]

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By : May 9, 2025 Comments Off on How to legally liquidate a business in Romania
best law firms in Romania, according to the famous guide IFLR1000
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 […]

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By : Jun 1, 2022 Comments Off on Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the famous guide IFLR1000, 2022 edition
conditions for engaging joint liability of the administrator
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 […]

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By : Jan 11, 2022 Comments Off on What are the conditions for engaging joint liability of the administrator/ director/ management bodies of a Romanian company?
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 […]

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By : Dec 4, 2019 Comments Off on First steps to be taken by a Romanian company that opened the insolvency proceedings
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 […]

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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 […]

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By : Jun 1, 2019 No Comment
Articles, News

Pavel, Margarit & Associates Romanian Law Firm was ranked in the top of law firms in Romania by the prestigious guide Legal 500 (2019)

Pavel, Margarit & Associates Romanian Law Firm is one of the leaders of the Romanian law market, according to the most prestigious law guide in the world, Legal 500 (London, UK). This is the third consecutive year in which Legal 500 recognizes these lawyers professionalism in the areas of Restructuring and insolvency and Real estate […]

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By : May 20, 2019 No Comment
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