The legal regime of sequestration in insolvency proceedings of Nordis in Romania
Plaintiff or creditor in Romania? This article analyzes the impact of criminal proceedings on the insolvency procedure in Romania, in light of case law addressing the relationship between precautionary measures imposed in criminal proceedings and insolvency proceedings in Romania, specifically Decision no. 1/2020, which establishes that the existence of precautionary measures applied in a criminal case over …
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Mergers in Kuwait: Legal Framework, Shareholder Protections, and Market Challenges
Merger… In Accordance with Corporate Laws, Capital Markets, and Competition Protection
Creditors’ Table of Nordis Management SRL
What is the stage of the insolvency proceedings in Romania for Nordis Management SRL? The beginning of this week starts with the publication of the preliminary debt table for the debtor, Nordis Management SRL, an essential document in the insolvency procedure in Romania that sets the amount and structure of the company’s debts towards creditors. This provides …
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What are the most common lawsuits between companies in Romania and how can you protect your business?
Legal strategies to prevent conflicts and protect your business from costly lawsuits Given the evolving legislative framework and the constantly changing business environment, many companies in Romania find themselves involved in legal disputes that can impact their operations and stability. Most often, these disputes involve commercial debt recovery in Romania from commercial conflicts, tax issues, labor disputes, …
Navigating ECCTA 2023: periodic compliance review as a strategic tool to mitigate corporate risk
Introduction The Economic Crime and Corporate Transparency Act 2023 (“ECCTA 2023” or the “Act”) constitutes a landmark development in the United Kingdom’s (“UK”) legal framework to combat financial crime and reinforce corporate accountability. Enacted in 2023, the Act introduces two key provisions: the creation of the new corporate offense of failure to prevent fraud, entered …
Litigation regarding wellness payments to employees of JSC “Ukrzaliznytsia” is ongoing
The introduction of martial law in Ukraine has significantly changed both the labor landscape of the country and labor legislation: while during wartime, employees’ rights are restricted, employers, on the contrary, are granted broader powers. However, any restrictions do not eliminate the importance and necessity of complying with existing legal norms and the principle of …
ANRP suspends payments for points obtained through the compensation decision
What can you do in this case and how can a property restitution lawyer in Romania assist you? In the context of Emergency Ordinance No. 107/2024, ANRP in Romania has temporarily suspended the issuance of payment titles until the end of the year. Additionally, outstanding payments will only be made within the limits of the available budget. …
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How to buy a property without ending up in a new Nordis-type case?
Why It’s Important to Seek a Lawyer’s Help Before Signing the Sale and Purchase Agreement Given the unstable context the real estate market in Romania is currently experiencing, many buyers are facing significant risks when choosing to purchase real estate that is still in the project phase. The Nordis case has become emblematic of such abuses by …
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Are you entitled to compensation points from ANRP? Find out how to maximize their value (Statistics)
The Procedure for Compensation in Points from ANRP According to official reports from the National Authority for Property Restitution (ANRP), compensation granted in the form of ANRP points is the most common solution when property restitution in Romania is not possible in kind. In February 2025, ANRP in Romania reviewed 161 property files in Romania and issued 88 ANRP decisions, totaling over 100 million points. …
Legal analysis. The conditions for obtaining Romanian citizenship have been tightened (statistics)
Additional conditions for obtaining Romanian citizenship The process of obtaining Romanian citizenship has undergone significant changes in recent years, and statistical data clearly reflects this trend. Between 2018 and 2024, the number of Romanian citizenship application files fluctuated, with a steady increase during 2018-2019, but also a sharp decrease in approval rates in the following years. For example, in …