Globalization and the development of international trade call for solutions that simplify contractual relations. The European Union seeks to harmonize legislation to facilitate debt recovery between Member States and accelerate payments in B2B relationships (e.g. Directive 2011/7/EU on combating late payment in commercial transactions, transposed by Law no. 72/2013). For any seller of goods, being …
Introduction If you believe that the compensation amount granted by the expropriator is too low, you have the legal right to challenge it before the courts. Below is how this is done and what rules apply. Procedure for Contesting Compensation in Court According to Article 22 of Law 255/2010, the expropriated person dissatisfied with the …
The insolvency procedure, regulated by Law no. 85/2014 on the procedures for preventing insolvency and insolvency, has among its objectives the identification of causes that led to a debtor’s insolvency. In this context, the legislator provided the possibility of patrimonial liability for administrators, directors or other persons who have contributed, through illicit acts, to the …
While management errors and abuse are one of the main causes of insolvency, company owners have limited means to mitigate such risks as long as art 55 of Companies’ Law (CL no. 31/1990) protects the third parties involved, when administrators breach their mandate, at the expense of company owners. In these circumstances, how can owners …
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