The Romanian Law Firm Pavel, Mărgărit and Associates assisted an important Romanian company in the field of design and execution of electric and gas installations in order to analyze the risks in regards to concluding agreements with insolvent companies in Romania.

A lawyer specialized in insolvency, restructuring and bankruptcy in Romania can provide you with legal assistance on risk analysis before concluding an agreement with an insolvent company in Romania.

The legal assistance consisted in assessing the situation of insolvent companies in Romania, analyzing the list of creditors and the amount of the outstanding debts at the date of opening the insolvency proceedings and at current status.

Additionally, the Romanian Law Firm Pavel, Mărgărit and Associates analyzed whether the right to administration is still in place and whether there are disputes in Romanian court, the object of the disputes, the status of the disputes and the outcomes that such disputes in court may have on the extension of the observation period as per the insolvency procedure in Romania