Simona Maria Milos writes on the financing of pre-insolvency and the codification of the insolvency law in Romania. In Romania, the Bill on insolvency code is ongoing to be legally approved – a normative act consisting of nearly all legal provisions in national and international insolvency and pre-insolvency matters.

In the Middle Ages, when bankruptcy was in its infancy, options for debtors were limited.

Drafted in the context of a World Bank project, the Romanian Insolvency Code will be the first instrument of such complexity in the European Union

NOTE: Insolvency Laws of Romania and Ukraine: Why Romania's Insolvency Laws Work Better for Foreign Direct Investment (ABI Law Review, Winter 2012) - Jon Ruiss

REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the application of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings The European Commission has published its report on the application of the EC Regulation on Insolvency Proceedings, together with proposals for amendments to the Regulation.

Welcome to the fifth edition of this publication which has been compiled by the Salans Global Corporate Group comprising experienced lawyers from each of our 22 offices. Previous editions have dealt with: the establishment of companies and partnerships in key jurisdictions; the use of warranties in international acquisitions; the issue and transfer of securities in key jurisdictions;and governmental approvals and third party consents in corporate transactions.