State Reports - Romania

Romania: Increase in insolvency of high-impact companies
Author:  Paul Dieter CÎRLĂNARU (CEO of CITR, Romania)
Source: Eurofenix, 2025 Spring edition 

Haircut of claims in restructuring proceedings in Romanian legislation
Author:  Patricia POULUSSEN-RADULESCU (Project Manager, CITR Romania)
Source: Eurofenix, 2025 Spring edition 

How to Deal with the Liability Risk Called Insolvency - FAQs for Managers of Companies in Central & Eastern Europe - 2025
We are grateful to Frank Heemann (Rechtsanwalt, Partner at bnt attorneys in CEE, Lithuania) for sharing these country reports (Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia) with the members of INSOL Europe.

The State’s role in restructuring and insolvency procedures 
Author: Dragoș GHIȚĂ (Project manager, Senior Insolvency Practitioner, CITR, Romania)
Source: Eurofenix, 2024 Autumn edition  

Calm before the storm: Why insolvency trends do not follow NPL trends
Author: Irina MISCA (Licensed Insolvency Practitioner, Managing Partner, CITR, Cyprus)
Source: Eurofenix, 2021 Spring Edition

Insolvency procedures and the state of alert 
Authors: Alina VALEANU and Andrei ZAMFIRESCU (bnt attorneys in CEE, Romania)
Source: Eurofenix, 2020 Autumn Edition

Insolvency proceedings during the COVID-19 pandemic
Authors: Speranta MUNTEANU (KPMG and Veridio Transformation) and Luiza RADULESCU (KPMG , Romania)
Source: Eurofenix, 2020 Summer Edition

Liability of Statutory Directors contributing to an insolvency
Authors: Alina VALEANU and Andrio M. ZAMFIRESCU (GVP Gilescu, Valeanu & Partners, Bucharest)
Source: Eurofenix, 2020 Spring Edition

The undertaking: Mystery or reality?
Authors: Andrea CSOKE (Judge at the Supreme Court of Hungary), Nicoleta MIRELA NASTASIE (Judge at the Bucharest Tribunal, Romania) and Robert MUZSALYI (Judicial Clerk at the Supreme Court of Hungary)
Source: Eurofenix, 2019/20 Winter Edition

2020/2021 bnt CEE Insolvency Survey
We are grateful to Frank HEEMANN (Rechtsanwalt, Partner at bnt attorneys in CEE, Lithuania) for sharing this survey with the members of INSOL Europe.

Wrongful trading in Europe
Author: Mihai LANTOS (SPARL Stalfort & Someşan, Romania)
Source: Eurofenix, 2018 Autumn Edition

Strategic insolvency in romania
Author: Nicoleta MUNTEANU (Euro Insol SPRL, Romania)
Source: Eurofenix, 2018 Spring Edition

​Romania: Breaking new ground – Romania introduces Group of Companies provisions
Author: Ana-Irina ȘARCANE (Five, Romania)
Source: Eurofenix, 2015 Spring Edition

Romania: Insolvencies in 2014
Author: Speranta MUNTEANU (KPMG Restructuring, Romania)
Source: Eurofenix, 2014 Winter Edition

New Bill on Insolvency Code in Romania
Author: Simona Maria MILOS (SMDA and National Institute of Training of the Insolvency Practitioners in Romania (INPPI), Romania)
Source: Eurofenix, 2014 Spring Edition

Insolvency in Romania
Overview of Major Aspects of the Romanian Insolvency Law
Romanian Insolvency Law
Nomination of Trustees
Author: Radu LOTREAN (CITR, Romania)
Updated: April 2014