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Evolution of the insolvency law during the economic downturn

The Romanian legal framework on insolvency procedure has been consistently improved following the enactment of Insolvency Law no. 85 (Law 85), which entered into force on 21 July 2006.

Background

Romania, Insolvency & Restructuring, Schoenherr, Bankruptcy, Shareholder, Debtor, Accounts receivable, Debt, European Commission, Constitutional amendment, Trustee