The New Insolvency Code
The new Insolvency Code was adopted by the Romanian Parliament in 2014 and it brings important changes to the Romanian insolvency and bankruptcy law.The new code is represented by Law no. 85/2004 regarding insolvency prevention policies and insolvency and it was published in the Official Gazette, Part I, no. 466 dated 25th June 2014.ProvisionsSome…