Possibility of initiating the enforcement procedure against the insolvency debtor

Government Emergency Ordinance no. 88/2018 amended art. 143 of Law no. 85/2014, granting the possibility of initiating the enforcement procedure for debts accumulated during the insolvency procedure that are older than 60 days. The changes favor current creditors, who have been given the path to a separate procedure, thus avoiding the cumbersome process [...]

By |2019-12-02T08:26:49+00:00December 2nd, 2019|Smart Facts|0 Comments

Lenders perspective on market value methodology

Institutional creditors avoid acknowledging that some assets - cash generating units - do not have a market value in the basic sense. These assets rather have a fair value, resulting from an average degree of return, which can be the basis of the lending decision.

By |2019-10-04T11:09:05+00:00September 4th, 2019|Smart Facts|0 Comments