Romania Legal

Corporate solutions in Romania

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Company liquidation services in Romania

Company liquidation, commonly referred to as winding up or dissolution, is the procedure of shutting down a company and allocating its assets to its creditors and shareholders. This process usually occurs when a company can no longer sustain its operations, whether because of financial troubles, insolvency, or a choice made by the company’s owners.

The main goal of liquidation is to systematically conclude a company’s operations, settle its liabilities, and allocate any leftover assets to its stakeholders.

Liquidate the company with us

If you’re considering liquidating your business in Romania, our specialists are ready to assist you. Easily maneuver through the intricacies and ensure a hassle-free, efficient liquidation process. Take advantage of our in-depth expertise for a trouble-free dissolution. Our skilled team manages all elements, such as documentation, creditor claims, and asset distribution. Reach out to us today to talk about your liquidation requirements and guarantee an effective wind-up in Romania.

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Expert guidance at every step

During the business liquidation process in Romania, our devoted team of specialists is here to assist you, offering guidance, support, and expertise. From the first consultation to the concluding phases of dissolution, we are dedicated to making your experience as smooth as possible. Our all-encompassing services are tailored to cover every aspect of the liquidation process, ensuring you receive the support you require at each step. With our team by your side, you can navigate the intricacies of liquidation with confidence, knowing that experienced professionals are managing your case with attention and accuracy.

Personalized strategy

We customize our method to address your unique needs and goals, ensuring that your insolvency plan corresponds with your intended results. This individualized approach guarantees that each phase of the liquidation process is structured to successfully reach your objectives.

Legal compliance

Our team expertly maneuvers through Romania’s intricate legal framework, guaranteeing that every document, filing, and procedure adheres to local laws. We carefully manage all legal obligations, minimizing the chance of any issues and facilitating a seamless process.

Financial expertise

Leveraging extensive financial knowledge and valuation expertise, we optimize asset value and reduce financial risks during the liquidation process. Our financial strategies aim to safeguard your interests and improve the value of your assets.

Effective communication

We guarantee clear and effective communication with all stakeholders, which helps to streamline the insolvency process. Our method ensures that everyone stays informed and involved, reducing the potential for misunderstandings and improving collaboration.

Specialized solutions for different legal entities

Our tailored solutions address the specific needs of different legal entities in Romania. Whether you are liquidating:

We modify our strategies to accommodate the unique legal and financial complexities of your business framework. This guarantees an effective and compliant liquidation process tailored to your entity’s requirements. Rely on our expertise to navigate the specific challenges associated with your business type, delivering a smooth and efficient wind-up experience.

Alternatives to liquidation

In addition to liquidation, there are other options that companies may explore:

Selling the company

Rather than shutting down, a company might consider the possibility of selling its business operations or assets to another organization.

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Administrative receivership

When there is a default on secured debts, a creditor with a floating charge on a company’s assets has the right to appoint an administrative receiver to oversee and sell these assets in order to settle the debt.

Company voluntary arrangement (CVA)

This entails suggesting a formal arrangement with creditors to settle debts over a designated timeframe, enabling the company to keep operating.

Administration

Administration enables the reorganization of a company to save it from insolvency, facilitating its continued operation while being overseen by an administrator.

Director disqualification and company name restrictions

If directors are determined to have participated in improper or fraudulent behavior that results in the company’s liquidation, they may face disqualification proceedings. This disqualification could prevent them from serving as directors in other companies for a designated timeframe. Additionally, following the liquidation, there are limitations on the reuse of the company name. The name cannot be recycled for a new organization unless authorized by the court or after a certain period has elapsed.

Our attorneys can assist you with any of the following:

  • Getting ready the paperwork needed to start the liquidation procedure.
  • Removal of the business from the commercial register.
  • Designating a professional liquidator to fulfill your needs.

Contact us now

Reach out to us, and allow our expert team to guide you through a successful business insolvency in Romania. We will expertly manage the process, ensuring the best results and a seamless transition to your next venture.

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