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best law firms in Romania, according to the famous guide IFLR1000
Articles, News

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the famous guide IFLR1000, 2022 edition

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to International Financial Law Review (IFLR) 2022, one of the most prestigious Law Firms Guide around the world that ranks law firms with wide expertise in Financial and Corporate area, being ranked 5th at national level. Pavel, Margarit […]

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By : Jun 1, 2022 Comments Off on Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the famous guide IFLR1000, 2022 edition
conditions for engaging joint liability of the administrator
Articles, Insolvency, Restructuring and Bankruptcy

What are the conditions for engaging joint liability of the administrator/ director/ management bodies of a Romanian company?

Excutive summary: One of the problems that the administrators/directors or the management bodies of a Romanian company may face is engaging joint liability for the outstanding payment obligations of the debtor company declared insolvent by tax inspection bodies which are part of National Authority of Fiscal Administration (ANAF). The law firm Pavel, Margarit and Associates […]

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By : Jan 11, 2022 Comments Off on What are the conditions for engaging joint liability of the administrator/ director/ management bodies of a Romanian company?
Articles, Insolvency, Restructuring and Bankruptcy

First steps to be taken by a Romanian company that opened the insolvency proceedings

When a Romanian company opens the insolvency proceedings, it must notify all the creditors and evaluate the capacity of the company to restructure its business. If these measures dont follow the legal proceedings, the company may face problems that will not allow its reintegration into the economic circuit, say lawyers specialized in corporate and insolvency […]

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By : Dec 4, 2019 Comments Off on First steps to be taken by a Romanian company that opened the insolvency proceedings
Articles, Insolvency, Restructuring and Bankruptcy

Radu Pavel, Romanian insolvency lawyer: Key elements to help you reorganize your business and re-enter in the economic circuit the insolvent company

In Romania, only a few companies manage to reorganize and restructure the activity after they have entered into the insolvency procedure. Although Romania’s economy is growing, in 2018 more than 8,000 companies have opened insolvency proceedings and many others have gone bankrupt. The companies either did not manage the financial resources well or they did […]

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By : Jun 10, 2019 No Comment
Articles, Corporate Commercial and M&A, News

Pavel, Margarit & Associates Romanian Law Firm advised a major company in a successful reorganization case

Having over 10 years of experience in restructuring and insolvency cases, Pavel, Margarit & Associates Romanian Law Firm managed one of the most successful reorganization file in this area of ‹‹practice on the Romanian legal market. The lawyers specialized in insolvency and reorganization from Pavel, Margarit & Associates Romanian Law Firm advised one of the […]

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By : Jun 1, 2019 No Comment
Articles, News

Pavel, Margarit & Associates Romanian Law Firm was ranked in the top of law firms in Romania by the prestigious guide Legal 500 (2019)

Pavel, Margarit & Associates Romanian Law Firm is one of the leaders of the Romanian law market, according to the most prestigious law guide in the world, Legal 500 (London, UK). This is the third consecutive year in which Legal 500 recognizes these lawyers professionalism in the areas of Restructuring and insolvency and Real estate […]

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By : May 20, 2019 No Comment
Articles, Insolvency, Restructuring and Bankruptcy

What is the required documentation for the opening of insolvency proceedings at debtors initiative

A company is insolvent if it fails to pay the debt to a creditor within 60 days of maturity. Law no. 85/2014, also called the insolvency law, imposes a value of the debt threshold for which insolvency can be claimed, namely 40,000 lei.   The insolvency procedure is based on an application submitted by the […]

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By : Nov 27, 2018 No Comment
laptop lawyer property law
Articles, Insolvency, Restructuring and Bankruptcy

Insolvency of individuals. Part II. Start of insolvency proceedings.

Insolvency court cannot refuse to start exclusive insolvency proceedings on the grounds that the debtor has insufficient assets to cover the costs of the procedure, these will be borne by the Romanian state. These amounts will be refunded prior, from the income resulting from the execution of the insolvency procedure. Simultaneously with the commencement of […]

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By : Jun 11, 2017 No Comment