Recently, Law no. 216/2022 has reshaped many of the essential provisions of Law 85/2014 on insolvency prevention and insolvency proceedings, mainly concerning insolvency prevention procedures – the ad-hoc mandate which was replaced by the restructuring agreement and the prevention agreement.
For extended and important information connected to this topic, please read a legal article prepared by PETERKA & PARTNERS Romania. The specialized team of PETERKA & PARTNERS Romania remains available to provide more information and related legal assistance on any type of insolvency matters.
The material is available here.