The insolvency procedure can be general or simplified. While the general procedure includes judicial reorganization and the attempt to recover – the simplified one means that the debtor goes directly into bankruptcy, but only if he meets certain conditions.Hammond Partnership Law Firm provides legal services in the area of insolvency, reorganization or bankruptcy. Participants in

Internationally, the mergers market has seen a substantial growth in the last decades, both in terms of value and in terms of the number of transactions. This growth was abruptly stopped by the economic crisis of 2008, but has managed to recover since 2010. The development of the process of restructuring companies among developed countries

On 19th December 2019, the European Court of Justice gave a judgement for consumer protection concerning the interpretation of Directive 2008/48/EC of the European Parliament and of the Council of 23rd April 2008 on credit agreements for consumers in the case C‑290/19 (RN vs. Home Credit Slovakia a.s.) The main issue was whether Article 10(2)(g)

Since the Romanian Companies Law (Law 31/1990) was passed in 1990 there have been amendments to it to make it more up to date rather than continue it in its original format. The original law was based on the French company law, and in 1990 there were very few advisors to the Romanian Government who

The object of employment law is constituted by the legal labour relations, which appear as a result of the individual labour contract and the legal relations related to them. This field has always been the link between commercial and civil law. Employment lawyers make sure that the employees are treated in a fair and consistent

Global trends and future challenges increase the importance of procurement in each company, thus becoming strategic for the success of the organization.In principle, procurement must be involved from the very beginning in the research-development-design processes in order to be able to research the market in terms of technology, costs, deadlines and quality before the emergence

According to Law no. 85/2014, insolvency is defined as that state of the debtor’s patrimony which is characterized by the insufficiency of the funds available for the payment of certain, liquid and due debts.When it goes bankrupt, a company has practically two options: reorganization and insolvency. However, few companies manage to reorganize, because they apply

Mergers and acquisitions (or M&A) are transactions of changing ownership between two companies, wherein a merger is a combining of two companies and an acquisition is one company buying another. Basically, M&A involves the process of combining two companies into one. The purpose of combining two or more businesses is to try and achieve synergy

What are the shares for a company? From a legal point of view, a share represents the ownership right of its holder over a share in the company. The holder of one or more shares of a company has the right to dividends granted from its profit, has the right to participate in decision-making, through