First pageCore sectorsInsolvency & restructuring

Insolvency & Restructuring

Statistics show that a successful restructuring after insolvency proceedings are filed is quite rare. The effort to align usually conflicting interests amongst parties almost always fails due to the “no compromise” approach of creditors.

In Romania, the insolvency process is still associated with fraudulent debtors, vengeful creditors, biased insolvency practitioners (receivers), overloaded insolvency courts and judges with questionable reputations.  

Our insolvency and restructuring team has extensive experience in navigating these highly complex proceedings and dealing with hostile debtors, co-creditors and insolvency practitioners alike. We have represented both debtors and creditors in sensitive insolvency cases that resulted in the successful implementation of restructuring plans.

Our Relevant Experience
  • We assisted local subsidiaries of AEW Europe regarding litigation and insolvency matters pertaining to the operation and lease of an office building located in Bucharest (Victoriei Square – 27,000 sq.m.) and a shopping mall located in Targu Mures (51,350 sq.m.).
  • We assisted the Intercora Group with respect to litigation and insolvency matters pertaining to the operation and lease of their asset portfolio, amongst which was an insolvency claim against DOMO and a civil claim against PROGES.
  • We assisted Complexul Multifunctional Victoria, a local subsidiary of AEW Europe and owner of the America House Building, with litigation and insolvency matters involving the operation and lease of an office building located in Bucharest (Victoriei Square – 27,000 sq.m.).
  • We assisted ERP Targu Mures, the local arm of AEW Europe and owner of the Promenada Shopping Mall, with litigation and insolvency matters involving the operation and lease of a shopping mall located in Targu Mures (51,350 sq.m.).
  • We assisted and represented Vinarte, a top Romanian wine producer, throughout the reorganisation of an insolvent company. We provided legal assistance and advice in relation to financing and rescheduling the company’s distressed finances, as well as with distressed sales and the acquisition of assets.
Areas of Work
Key contacts
© Copyright Stratulat-Albulescu.ro 2019. All rights reserved.