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Tag: Insolvency procedure

delays in collecting payments

Liquidity Crisis and Commercial Law: How to Recover Your Money Fast

Business Partnerships Under Pressure: Non-Payment as a Major Risk Factor In today’s volatile economic landscape, many companies are experiencing delays in collecting payments from commercial contracts and dealing with partners who fail to fulfill their obligations. Lack of liquidity threatens business stability, making the intervention of a commercial litigation lawyer or litigation lawyer crucial for […]

periods of institutional transition

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 […]

Liquidating a company in Romania

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 […]

How to initiate insolvency procedure against a debtor in Romania?

The insolvency procedure in Romania can be initiated as a result of a request filed to the Court by a debtor in Romania, one or more creditors in Romania, or by individuals or institutions expressly provided by law. According to the regulations of Law No. 85/2014, any creditor in Romania entitled to request the initiation […]

Who can be held accountable for the company’s insolvency

Tens of thousands of Romanian companies are still in insolvency stage. Many companies opened the insolvency procedure due to the financial crisis and others due to management mistakes. Individuals or companies that must recover loans from an insolvent company must know that sometimes the managers or the administrators of the insolvent companies can be held […]

Youre the administrator of a company in Romania? How may a claim of personal liability be filed against you?

During and after crisis, more and more companies have entered into the insolvency procedure or bankruptcy procedure in front of the Romanian Insolvency Court, on different reasons. Some Romanian companies had financial instability due to the crisis, but management errors may also determinate a companys insolvency or bankruptcy in Romania. According to Romanian Insolvency law, […]

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