Law on debt discharge to enter into force on 13 may 2016

After controversial debates, Law no. 77/2016 on discharge of mortgage- backed debts through transfer of title over immovable property (the "Law on Debt Discharge") was finally published in the Official Gazette on 28 April 2016 and will enter into force on 13 May 2016.

Filed under:
European Union, Romania, Banking, Insolvency & Restructuring, Real Estate, Wolf Theiss, Debtor, Debt, Mortgage-backed security
Authors:
Claudia Chiper
Location:
European Union, Romania
Firm:
Wolf Theiss