Management Guidelines in Insolvency Situations
Management Guidelines in Insolvency Situations

Author(s): Oana Horhogea
Subject(s): Business Economy / Management, Constitutional Law
Published by: Scientia Moralitas Research Institute
Keywords: insolvency; laws; managers; management; company
Summary/Abstract: Insolvency at the international level has been for hundreds of years an essential issue of commercial law in general and of international law in particular. There has been a constant attempt to find the appropriate legal instruments to solve creditors’ problems in order to obtain the goodwill that belongs to them, but at the same time to protect the debtor. Along with the economic, social and financial development, there have been several changes in insolvency legislation both domestically and internationally. These legislative changes have become an essential pillar in the economic legislation of a state.

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