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Management / Directors' liability

Romanian insolvency law provides one of the very few avenues for creditors to pierce the corporate veil.

Subject to certain conditions, usually associated with fraud, the creditors of an insolvent company have the right the trigger the liability of the insolvent company’s shareholders, directors and management.

We are experts in taking all legal measures to accelerate this process and seize the relevant assets to ensure a proper and efficient enforcement and collection process.

We have also successfully assisted clients, both shareholders and directors alike, in having abuse of power claims arising from alleged fraud and triggered by insolvency dismissed.

 

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Our Relevant Experience
  • Assisting local subsidiaries of AEW Europe in connection with litigation and insolvency matters pertaining to the operation and lease of an office building in Bucharest (Victoriei Square – 27,000 sq.m.) and a shopping mall in Targu Mures (51,350 sq.m.).
  • Assisting Complexul Multifunctional Victoria, a local subsidiary of AEW Europe and owner of the America House Building, in connection with litigation and insolvency matters regarding the operation and lease of an office building in Bucharest (Victoriei Square – 27,000 sq.m.).
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