August 2017

  • insolvency
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    The entry into force of the Law on the Insolvency of Natural Persons extends with 5 months, in order to rigorously preparing the enforcement mechanism

The entry into force of the Law on the Insolvency of Natural Persons extends with 5 months, in order to rigorously preparing the enforcement mechanism

Wednesday, 30 August, 2017|

The decision was taken by the Executive in view of the complexity of the area governed by this law, as well as the view of the Supreme Council of […]

March 2017

Enforceability of The Promissory Note

Friday, 31 March, 2017|

“In the interpretation and application of the provisions of art. VII of the Emergency Government Ordinance no. 1/2016 amending Law no. 134/2010 on the Code of Civil Procedure and […]

September 2016

Emergency Ordinance no. 52/2016 enters into force

Sunday, 25 September, 2016|

The fines go up to 100,000 RON. The Company‚Äôs representatives, specialized in recovery claims can no longer harass debtors; the legal provisions in the matter ban any kind of […]

June 2015

The Insolvency law of physical persons

Saturday, 27 June, 2015|

According to law no. 151/2015 there are three insolvency procedures:

the insolvency procedure in accordance with a debt reimbursement plan;
the judicial insolvency procedure through the liquidation of the assets;
the simplified […]

July 2014

The procedure applicable for the ailing economics operators

Wednesday, 2 July, 2014|

The new insolvency law applies to insolvency professionals, excepting those possessing liberal professions, as well as those which require special dispositions regarding the insolvency regime. The procedure also applies […]

November 2013

Unconstitutionality of the New Insolvency Code

Saturday, 2 November, 2013|

Following the referral of the Ombudsman, the Constitutional Court Plenum in the session of 29 October 2013 admitted the exception on unconstitutionality of the provisions of the Government Emergency […]