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Restructuring, Business Transformation & Insolvency

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CMS can help you with restructuring, insolvency and transforming your business. Whether caused by rapid technological developments, consumer preferences, increased success of competitors, tightening of regulation or an overall economic downturn. When businesses experience decreasing revenue and profits it is better to act sooner rather than later. CMS has lawyers based in Romania to help businesses to reduce risk and make the most of business opportunities both within and outside Romania.

Business transformation

Business transformation can help you in keeping pace with the latest trends and developments in your sector and allow you to maintain or improve your market position. The ability to react quickly and to be flexible in incorporating changes to how your company operates has never been more imperative. 

Restructuring and protecting your business

You may consider a wide variety of measures to strengthen your (financial) position and protect yourself from the adverse effects of business related issues. Our specialist teams at CMS can help you assess your options navigate through the legal challenges related to them, be it debt restructuring, corporate optimisation (including the sale of assets), change of business model, employment reorganisation or the review of the agreements with your suppliers and creditors. 

Insolvency

In cases where insolvency is imminent, we also provide support during insolvency itself, benefitting from the experience gained by our insolvency specialists as court-appointed insolvency administrators across the region. Our experience spans all types of corporate restructurings as well as advising debtors and creditors through insolvency proceedings. We also support private equity houses and funds on sales and acquisitions of businesses and non-performing loan portfolios, supporting their investment strategies.

CMS in Romania

CMS in Bucharest is extremely well positioned to handle your restructuring and insolvency matters in Romania. With a team of 18 dedicated partners and lawyers across corporate, finance, commercial, employment, disputes and real estate practices, we are one of the leading international law firms on the market. Contact our team in Romania to see how we can help you optimise your business model and stay at the forefront of competition today.

Expert Guide to Stabilisation and Restructuring
Romania
Expert Guide to Restructuring Possibilities in Europe - Romania

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01/03/2024
Harmonisation of insolvency avoidance rights from the Romanian perspective
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Proposal for European rules on pre-pack proceedings should be supported
On 7 December 2022, the European Commission published the Proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law. This Proposal is intended...
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Impact of EU "Pre-pack proceedings" directive in Germany: pre-pack proceeding...
The EU Commission has presented a draft directive on the mandatory inclusion of a "pre-pack proceeding" in national insolvency laws.On 7 December 2022, the European Commission published a draft directive...
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EU proposes Directive on harmonisation of insolvency law
The lack of harmonised insolvency laws has long been regarded as one of the greatest obstacles to the free movement of capital in the EU in general and to cross-border investments, insolvency proceedings...
23/08/2022
Restructuring and insolvency law in Romania
1. What is the primary legislation governing insolvency and restructuring proceedings in your jurisdiction? In Romania, the primary legislation governing insolvency and restructuring proceedings is represented...
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EU and UK Sanctions against Russia: a focus on the Financial Sector
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