Introduction

As of 1 January 2015, the Au;trian criminal procedure code ("StPO") ctifferentiates between      suspects     (Verdachtiger)      and

subJect    to    loose    and    unsubstantiated

This guide provides a comparative analysis of certain key areas of law and procedure for those involved in or affected by financial distress of a corporation and the trading of distressed debt across Europe.

We are pleased to present this Summer 2011 edition of the CMS Restructuring and Insolvency in Europe Newsletter.

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.

Az ENEFI és a román adóhatóság közötti jogvitában az eljáró bíróság előzetes döntéshozatali kérelemmel fordult az Európai Unió Bíróságához, melyben az uniós jog értelmezését kérte a magyarországi fizetésképtelenségi eljárás romániai joghatásával kapcsolatban. Korábbi blogbejegyzésünkben beszámoltunk az ENEFI és a romániai adóhatóság közötti jogvitában 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.

Background

In the context of the COVID-19 pandemics, the Romanian Government has introduced certain facilities for loans granted by credit institutions and non-banking financial institutions to certain categories of debtors under Government Emergency Ordinance no. 37/2020 ("GEO 37/2020") as further detailed by its implementation norms set out under Government Decision no. 270/2020.

Less than four years after the last fiscal amnesty, on 5 August, the Romanian government published a fiscal amnesty ordinance (No. 6/2019) that sets the framework for restructuring the debt of taxpayers with outstanding tax obligations and for the cancellation of accessory obligations.