Causes, risks and impact on the business environment in the context of the financial crisis in Romania The deterioration of payment discipline represents one of the current challenges facing the Romanian business environment, with direct effects on liquidity, contractual stability…
Cross-border insolvency and secondary proceedings: The European legal framework and conditions of admissibility in Romania The constant evolution of international trade and the dynamics of financial markets require rigorous cooperation between judicial authorities in order to protect commercial relations, the…
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…
How to Protect Your Financial Rights and Recover Funds Using an Effective Legal Strategy In an increasingly uncertain economic climate, protecting a company’s financial interests is no longer optional—it is a necessity. Businesses across Romania are facing a growing wave…
What to do legally when a client, partner, or debtor does not pay their debt? In judicial practice, the recovery of exigible debt is a common challenge, especially in the context of commercial or contractual relationships. Whether you are a…
The preventive agreement concluded with creditors in Romania consists of a contract between the debtor and the creditors by which the creditors requirements are met, with personal and patrimonial implications, being carried out instead of the bankruptcy proceedings. The preventive…
if a debt is due and another not yet due, the payment is imputed on the one due, even if the debtor had more interest on the other; when all debts are falling due, imputation will be made on the…
