What is a debt recognition agreement? A debt recognition agreement in Romania is an essential legal instrument in commercial and financial relationships. It formalizes the debtor’s recognition of existing claims, thus providing the creditor in Romania with stronger assurance for…
Establishing a movable mortgage right to secure the fulfillment of contractual obligations A movable mortgage in Romania is established through the conclusion of a mortgage agreement in Romania and takes effect from the date the secured obligation arises, at which…
Debt recovery lawyer in Romania. Debt collection process in Romania The Romanian legislator has provided that a creditor in Romania has several options for debt recovery in Romania, ensuring the protection of the right of claim in Romania. Generally, it…
How do you execute an European payment order in Romania? The need for continuous adaptation to changes in modern society has prompted the adoption of a law, namely the Regulation no. 1896/2006 establishing an European payment order procedure. The rationale…
