1. General aspects

The primary legislation governing insolvency and restructuring proceedings is Law 85/2014 on preventing insolvency and insolvency proceedings¹ (the ”Insolvency Law”).

The Insolvency Law has been amended on October 2, 2018 by Government Emergency Ordinance no. 88/2018 for amending and supplementing regulations on insolvency² (the ”G.E.O. no. 88/2018”).

1. Contextul general și legislativ

În considerarea evoluției situației epidemiologice internaționale determinată de răspândirea Coronavirusului, care a determinat declararea pandemiei de către Organizația Mondială a Sănătății¹, la data de 11 martie 2020, a fost adoptat Decretul nr. 195/2020 privind instituirea stării de urgență pe teritoriul României („Decretul”)².

1. The general and legal context

In view of the evolution of the international epidemiological situation caused by the spread of Coronavirus, which determined the pandemic declared by the World Health Organization, on March 11, 2020, the Decree no. 195/2020 on imposing the state of emergency on the territory of Romania (the "Decree")¹ has been adopted.