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insolvency procedure
Articles, Insolvency, Restructuring and Bankruptcy

The legal regime of sequestration in insolvency proceedings of Nordis in Romania

Plaintiff or creditor in Romania ? This article analyzes the impact of criminal proceedings on the insolvency procedure in Romania, in light of case law addressing the relationship between precautionary measures imposed in criminal proceedings and insolvency proceedings in Romania, specifically Decision no. 1/2020, which establishes that the existence of precautionary measures applied in a […]

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By : Feb 13, 2025 Comments Off on The legal regime of sequestration in insolvency proceedings of Nordis in Romania
insolvency procedure in Romania
Articles, Insolvency, Restructuring and Bankruptcy

Creditors’ Table of Nordis Management SRL

What is the stage of the insolvency proceedings in Romania for Nordis Management SRL? The beginning of this week starts with the publication of the preliminary debt table for the debtor, Nordis Management SRL, an essential document in the insolvency procedure in Romania that sets the amount and structure of the company’s debts towards creditors. […]

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By : Feb 6, 2025 Comments Off on Creditors’ Table of Nordis Management SRL
commercial debt recovery in Romania
Articles, Dispute Resolution

Lawyer analysis. What are the most common lawsuits between companies in Romania and how can you protect your business?

Legal strategies to prevent conflicts and protect your business from costly lawsuits Given the evolving legislative framework and the constantly changing business environment, many companies in Romania find themselves involved in legal disputes that can impact their operations and stability. Most often, these disputes involve commercial debt recovery in Romania from commercial conflicts, tax issues, […]

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By : Feb 5, 2025 Comments Off on Lawyer analysis. What are the most common lawsuits between companies in Romania and how can you protect your business?
nordis apartments buyers in Romania
Articles, Insolvency, Restructuring and Bankruptcy

Legal alternatives for nordis apartments buyers in Romania

Options and solutions for nordis apartments buyers in Romania Buyers of nordis apartments in Romania are currently facing a difficult legal situation due to the developer’s entry into insolvency procedure in Romania. The insolvent real estate developer is undergoing a legal process in which the judicial administrator or the liquidator becomes responsible for managing the […]

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By : Nov 7, 2024 Comments Off on Legal alternatives for nordis apartments buyers in Romania
debt recovery
Articles, Civil Law

Debt recovery lawyer in Romania. Debt collection process

Debt recovery lawyer in Romania. Debt collection process in Romania The Romanian legislator has provided that a creditor in Romania has several options for debt recovery in Romania, ensuring the protection of the right of claim in Romania. Generally, it is preferable for a debt to be recovered amicably through mediation in Romania, as this […]

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By : Jun 7, 2024 Comments Off on Debt recovery lawyer in Romania. Debt collection process
terminate a contract/agreement if our client enters in the insolvency procedure
Articles, Insolvency, Restructuring and Bankruptcy

Can we terminate a contract/agreement if our client enters in the insolvency procedure in Romania?

Executive summary: The termination of the ongoing contract/agreement at the date of the opening of the insolvency proceedings shall be of interest to each contracting party, whether creditor or debtor, professional bodies or not. Thus, according to the insolvency law, all ongoing contracts/agreements at the date of opening the insolvency proceedings are considered maintained, and […]

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By : Jan 11, 2022 Comments Off on Can we terminate a contract/agreement if our client enters in the insolvency procedure in Romania?