office@avocatpavel.ro

Tag: insolvency risk 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. […]