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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
The EU directive harmonising certain aspects of insolvency law, a Proposed Directive published by the European Commission on 7 December 2022, sets minimum harmonisation standards in all member states...
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Harmonisation of insolvency avoidance in Europe
This article continues our Law-Now series "Harmonisation of Insolvency Laws in the EU" in which we provide an overview of the articles addressing insolvency avoidance actions of the draft EU directive.As...
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In response to the proposal by the EU Commission on 7 December 2022 that an EU Directive be issued to harmonise certain aspects of insolvency law, this article provides a look into one of the main topics...
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Pre-Pack reorganisation in Bosnia and Herzegovina: An overview
In response to the proposal by the EU Commission on 7 December 2022 that an EU Directive be issued to harmonise certain aspects of insolvency law, this article provides a look into one of the main topics...
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The future of pre-pack sales in Luxembourg
On 7 December 2022, the EU Commission issued a proposal for a directive harmonising certain aspects of insolvency law (the Draft Directive). One key aspect of this Draft Directive is the regulation of...
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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...
06/07/2023
Pre-pack proceedings under Belgian law: is this a fresh start?
Belgium is finally about to transpose Directive 2019/2023 on preventive restructuring frameworks and regulated pre-pack proceedings are now ac­cess­ible.European and Belgian legislative de­vel­op­mentsIn­solv­ency...
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
In recent days the EU and the UK have adopted and expanded a number of sanctions measures against Russian and Belarusian individuals and companies. This article focuses on restrictive measures directed...
01/06/2021
Some leaks can't be fixed
“Confidential information is like an ice cube... give it to the party who has no refrigerator or will not agree to keep it in one, and by the time of the trial you have just a pool of water.” This...
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EC Consultation on sustainable corporate governance: deadline approaching
Key action point On 26 October 2020, the European Commission launched its public consultation on sustainable corporate governance (Consultation). The Consultation closes on 8 February 2021 and we would...