Early warning is a tool that tells you that you need to act quickly because your business is in difficulty or even in a state of insolvency. The seeds of the state of financial difficulty are clearly and unquestionably found in the way the company carries out its activity and the prevention and collapse of an entity can be anticipated by the signals it gives. As a barometer or in other whistleblower terminology, this early warning method requ...

This article provides a detailed analysis of the procedure of recognition and enforcement (exequatur) of foreign commercial arbitral awards in Romania. In Section I, the analysis starts with the determination of the conditions for the recognition and enforcement of a foreign arbitral award in Romania, based on the applicable legislation, i.e. the 1958 New York Convention and Art. 1124-1133 of the Code of Civil Procedure. Then, on the bas...

The study presents in the following a systemic analysis of the tax provisions in the case presented in terms of taking over tax obligations according to art. 23 of the Fiscal Procedure Code. The normative act regulates the procedures on the one hand but also the rights and obligations of the parties in legal relations, the state and taxpayers. The role and obligation of the state to take all due care to achieve and fulfill the legal obli...

The insolvency always represented one of the issues of the economic and social life which have constantly concerned the legislator, from the period prior to the year 1989, when it did not benefit from autonomous norms, until the current regulation of the prevention of the insolvency and insolvency proceedings, when we can speak about a real insolvency law. The freedom of trade, the dinamism of the commercial relations more and more comp...