The MOBIL IMM Guarantee. What SMEs Need to Know and When Legal Assistance Can Be Useful In a context in which an increasing number of companies are seeking funding to support their business activities, verifying the eligibility requirements and the…
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…
Newly established companies in Romania and existing companies in Romania: New rules for tax record registration and administrator liability One of the major changes introduced by Fiscal Package 2 is the extension of the tax record for legal entities and…
Insolvency lawyer in Romania: Changes in the new law and directors’ liability The government recently announced a package of significant amendments to Law no. 85/2014 regarding debt recovery in insolvency procedure and insolvency proceedings in Romania, justifying the need for…
Essential Legal Strategies for Companies in Periods of Legislative Instability During periods of institutional transition, companies face an increasing need for legal adaptation, especially in the context of legislative changes. In this framework, collaboration with a business lawyer, a commercial…
Voluntary dissolution and liquidation procedure through the Trade Registry Liquidating a company in Romania is a much more complex process than a simple decision made by shareholders. It requires a precise liquidation procedure, in accordance with commercial legislation, as well…
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…
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…
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…
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…
