ro fr
universul juridic magazin

Novel legal practice in the matter of insolvency of companies that are part of a group

In general, our legislation on corporate groups is mainly targeted to safeguard certain values of public interest, specific for each regulated domain. Only in particular, there are legal norms regarding the functioning of the corporate groups. Currently there are is no legal special framework for the insolvency procedure of the group companies. Therefore, the insolvency procedure is the same, individual, even if the debtor is a company belonging to a group or if there are two debtors, mother-company and subsidiary.