Insolvency

In the field of insolvency, our lawyers can provide you with advice, assistance, and representation—whether you are managing a company facing financial difficulties that needs protection from creditors, or a business partner has accumulated significant payment arrears or initiated pre-insolvency or insolvency proceedings, thereby affecting the collection of due debts.

Our lawyers can assist you with both pre-insolvency proceedings—such as concluding a composition with creditors—and insolvency proceedings.

Our specialized lawyers possess extensive practical experience in this field, having previously represented clients in complex insolvency proceedings. These include cases where they represented creditors seeking to recover certain, liquid, and due claims from foreign debtors who had sought protection through insolvency proceedings in their jurisdictions of incorporation; assistance with the assignment of such debts to third parties; and situations involving Romanian-registered companies entering insolvency where foreign secured creditors sought to recover significant amounts.

Our lawyers can also assist and represent you in situations where you hold bonds issued by a joint-stock company whose financial position has deteriorated, forcing it to resort to insolvency proceedings—thereby affecting interest coupon payments and bond repayment at maturity.