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The Romanian Constitutional Court rejects the new insolvency law

On October 25th, 2013, the Government Emergency Ordinance no. 91/2013 regarding procedures for preventative insolvency procedures and insolvency came into force.  The Ordinance was published in the Official Gazette no. 620, dated October 4th, 2013. This normative act expressly abolished Law no. 85/2006 regarding the insolvency procedure, Law no. 381/2009 regarding introduction of preventive concordat and ad-hoc mandate, Governmental Ordinance no.10/2004 […]