insolvency law

Companies’ possibility to avoid paying creditors (and in particular the payment of tax receivables) simply by declaring their insolvency would be drastically limited, according to a draft emergency ordinance under preparation at the Ministry of Finance. Among amendments...

The ease with which companies turn to insolvency is one of the structural obstacles to a faster credit expansion, according to a group of economists coordinated by Valentin Lazea, published in the latest issue of the Study notebooks...