Chambers Global Practice Guide: Insolvency 2022

The Chambers Global Practice Guide to Insolvency 2022 is a guide for legal and non-legal professionals to the differing legal regimes that apply to business restructurings, reorganisations, rehabilitations, insolvencies and liquidations in 45 jurisdictions covered by this publication. The guide provides the latest legal information on the various types of voluntary and involuntary restructurings, reorganisations, insolvencies and receiverships; out-of-court restructurings and consensual workouts; secured and unsecured creditor rights; international/cross-border issues and processes; and the duties and personal liability of directors and officers.

The Romania Chapter (Law & Practice, Trends & Developments) contributed by lawyers Stan Tirnoveanu, Laura Retegan, Andreea Macasoi and Alexandru Iorgulescu provides a concise, high-level summary of country-specific debtor and creditor rights and legal alternatives (statutory and non-statutory) for the restructuring and resolution of financially distressed and insolvent businesses. The authors also provide all-important professional insights into current trends and developments in the Romanian market.

Insolvency 2022, Romania Chapter (PDF)

This is an extract from The Global Practice Guide to Insolvency. The whole publication is available here.