Through this article, the author aim to highlight the impact of a new european legislation, the Proposal for a Regulation of the European Parliament and of the Council on combating late payment in commercial transactions, and the consequences on the romanian provisions regarding supplier credit. The debate on this subject is delicate because, according to a Study of the Romanian National Bank, in Romania, the supplier credit is very common for...

The restructuring law (Law. no. 216/2022 for the transposition of the Directive (EU) 2019/1023 on restructuring and insolvency into the Romanian legal system) entered into force on July 17th, 2022. The new law amends Law no. 85/2014 regarding preventive insolvency proceedings and insolvency proceedings as following: (i) the new law revoke ad-hoc mandate proceeding and proposes a new proceeding – the restructuring agreement and (ii) modifies the...

The amendments to the Insolvency Law brought by GEO 88/2018 destabilized this field and affected the very reason of the insolvency procedure transforming it from a purely collective procedure, into a procedure that allows the individual recovery of the receivables of the tax creditors through individual enforcements.The wave of enforcements initiated under this ordinance has entailed a series of practical problems and questions left una...