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Prevenţia insolvenţei prin mijloace contractuale
Insolvency Prevention through Contractual Means

Author(s): Simona Maria Miloş
Subject(s): Law, Constitution, Jurisprudence
Published by: C.H. Beck Publishing House - Romania
Keywords: insolvency prevention; extrajudiciary methods; negociation; ad-hoc mandate; arrangement

Summary/Abstract: After years of experiencing a financial crysis in which the insolvency procedures left behind, beside a few successful reorganization plans, also a series of „collateral dammage” – especially unsecured providers and also guaranteed lenders whose warranties were halved in the context of the real estate market collapse, we increasingly feel the need to prevent the insolvency through a series of methods in order to protect the business environment from the financial blockage. Yet, we cannot speak of preventing the insolvecy without mentioning the causes which generate it. Statistically, the main cause of insolvency is the absence of a fast reaction of the managers, so that its early identification can save the company.

  • Issue Year: 2013
  • Issue No: 06
  • Page Range: 337-341
  • Page Count: 5
  • Language: Romanian