Law of Insolvency vs. Law on Preventive Composition with Creditors and the Ad Hoc Mandate

The 2nd Global Conference on RO-RUS-NIPPONICA, December 17-18, 2011 Moscova

8 Pages Posted: 19 May 2014

See all articles by Bogdan Radu

Bogdan Radu

Dimitrie Cantemir Christian University

Date Written: December 17, 2011

Abstract

The author, through the present paper, aims at providing a brief comparative overview of the legal mechanisms most used by commercial entities as remedies for acute financial problems or preventing such a financial state – the judicial reorganization procedure, the bankruptcy procedure, the preventive composition with creditors and the ad-hoc mandate. Main points analised in comparison: definitions, legal characteristics, subjects eligible for the procedures, main legal bodies engaged in the procedures, the specific legal effects the procedures give birth to.

Keywords: receivership, bankruptcy, ad hoc mandate, composition with creditors, insolvency, financial difficulties

JEL Classification: K29

Suggested Citation

Radu, Bogdan, Law of Insolvency vs. Law on Preventive Composition with Creditors and the Ad Hoc Mandate (December 17, 2011). The 2nd Global Conference on RO-RUS-NIPPONICA, December 17-18, 2011 Moscova, Available at SSRN: https://ssrn.com/abstract=2438220

Bogdan Radu (Contact Author)

Dimitrie Cantemir Christian University ( email )

Splaiul Unirii 176
Bucuresti, 040042
Romania
0213307900 (Phone)

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