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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
A preventive concordat
Articles, Civil Law, Insolvency, Restructuring and Bankruptcy

What are the most important challenges of the preventive concordat?

What are the main stages of the preventive concordat procedure? A preventive concordat (judicial pre-insolvency arrangement) is an effective legal solution, providing a regulated framework for debt restructuring and the avoidance of insolvency proceedings in Romania. However, this restructuring proceeding in Romania is not without significant challenges. The preventive concordat in Romania is governed by […]

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By : Jun 12, 2025 Comments Off on What are the most important challenges of the preventive concordat?
The preventive concordat
Articles, Civil Law, Insolvency, Restructuring and Bankruptcy

Arrangement with creditors in Romania

Useful restructuring mechanism for entrepreneurs and their creditors The  preventive concordat (preventive composition) in Romania is the judicial procedure for preventing insolvency regulated by Law no. 85/2014 on preventing insolvency and insolvency proceedings, whose opening suspends enforcement proceedings under the law, while the debtor can restructure its business in Romania and pay all or part […]

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By : May 22, 2025 Comments Off on Arrangement with creditors in Romania
insolvency
Articles, Insolvency, Restructuring and Bankruptcy

Insolvency Procedure in Romania

Lawyer’s analysis. The Insolvency procedure explained Corporate lawyer in Romania. What does insolvency proceedings in Romania involve? According to the provisions of the insolvency procedure in Romania under Law 85/2014, insolvency is the state of a debtor in Romania where the available cash funds are insufficient to cover certain, liquid, and due debts. Further defining […]

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By : Apr 10, 2025 Comments Off on Insolvency Procedure in Romania
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