How a lawyer can intervene in insolvency, dissolution and liquidation: Legal solutions for companies facing financial distress in Romania In the current economic climate, marked by market fluctuations, rising operating costs and financing difficulties, the legal mechanisms governing insolvency, dissolution…
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…
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…
The Restructuring Agreement in Insolvency Procedure in Romania According to the new regulations, the restructuring agreement in Romania represents one of the latest insolvency prevention procedures in Romania introduced by the Insolvency Law 85/2014 in Romania, which allows for the…
Ways to prevent insolvency in Romania Insolvency in Romania is that state of a company in Romania when it is financially unable to pay its certain, liquid and exigible debts to creditors, regardless of whether they originate from commercial, labor…
Romanian Law Firm Pavel, Margarit and Associates would like to provide you information on restructuring and reorganization of a company in Romania, what is the procedure that you can follow in such cases, what are the differences between the two…
