KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ROMANIAN LAW -
1. A brief presentation of the bankruptcy/insolvency/rehabilitation proceedings of the country and their main differences.
Romanian legislation provides two main categories of such procedures:
I. Insolvency prevention procedures -
I.1. Ad-hoc mandate -
If the debtor faces financial difficulties, it can request the court to open the ad-hoc mandate procedure.....
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