Considering the economic and financial difficulties caused by the spread of the SARS-Cov-2 virus, Law No. 55/2020 concerning measures for preventing and fighting the effects of the COVID-19 pandemic was passed, which includes, in Section 8, a series of regulations… Read moreLegislative amendments in insolvency matters during the state of alert
A state of emergency was declared in Romania on 16 March 2020 by Presidential Decree No. 195/2020 (the “Decree”), published in the Official Gazette No. 212/2020. The Decree institutes a 30-day state of emergency throughout the Romanian territory and establishes… Read moreIs the debtor’s obligation to file for insolvency still in effect? Are such requests settled during the state of emergency?