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Tag: insolvency at the request of the creditor in Romania

statement of claim in Romania

Statement of claim in Romania

Opening of insolvency proceedings in Romania. Why is the statement of claim important? As provided for in the Romanian Law no. 85/2014 on insolvency prevention and insolvency procedures, insolvency in Romania means that state of the debtor’s patrimony which is characterized by the insufficiency of the available funds for the payment of certain, liquid and […]