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  • Tag: insolvency prevention in Romania

    How can you assess the risks before opening the insolvency procedure for a company in Romania?

    Romanian legislation provides for a number of principles applicable to companies at insolvency risk in Romania. Thus, by means of the insolvency procedure in Romania, debtors are provided with a chance to recover the business efficiently, through the debtor’s effective access to early warning means, through insolvency prevention procedures or through the judicial reorganization procedure. […]