Challenges to the restructuring agreement – part of the process to implement Directive (EU) 2019/1023 Cover Image

Contestaţiile în acordul de restructurare – parte a procesului de implementare a Directivei (UE) 2019/1023
Challenges to the restructuring agreement – part of the process to implement Directive (EU) 2019/1023

Author(s): Mihaela Sărăcuţ
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Universul Juridic
Keywords: Directive (UE) 2019/1023; restructuring agreement; challenges; court of appeal;

Summary/Abstract: Directive (UE) 2019/10231 allows states to decide the moment in which an administrative or judicial authority can or should intervene in insolvency prevention procedures, whether these procedures require validation from a court of law or other authorities and, should validation become necessary, the most suitable moment to seek it. Romanian lawmakers have chosen minimal intervention from courts in the procedure for restructuring agreement, allowing for challenges that can only be issued after the restructuring plan/agreement has been confirmed.

  • Issue Year: 75/2021
  • Issue No: 1
  • Page Range: 33-36
  • Page Count: 4
  • Language: Romanian
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