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Insolvency prevention and insolvency procedures during the alert state - the first measures adopted in the context of the current pandemic

Insolvency prevention and insolvency procedures during the alert state - the first measures adopted in the context of the current pandemic

Opinion material by Florentina Munteanu, Partner, Miruna Stanciu, Senior Associate, and Marina Nita, Associate, Reff & Associates, Deloitte Legal Romania

   

During the state of emergency, the Romanian authorities adopted a series of exceptional measures. These consisted, on the one hand, in restrictions imposed in order to prevent the spread of COVID-19, which led to the partial or total cessation of the activity of several economic operators, and, on the other hand, in measures meant to limit the economic consequences generated by the pandemic, such as the temporary suspension, upon request, of the obligation to pay the installments for the credit / leasing contracts, the support by the state of the technical unemployment indemnity, etc.

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For more information, please see the Romanian version of the article, here.

 

Authors

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REFF & ASOCIATII