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An educated man is the one who never finish learning. - Lucian Blaga
Judicial reorganization

Judicial reorganization represents the procedure applied by the debtor against whom the insolvency procedure has been initiated and aims at settling his debts to the creditors listed in the definitive table of claims. This procedure involves the drafting, approval, confirmation, implementation, and compliance with a reorganization plan. The reorganization plan may be proposed by the...

Opening insolvency proceedings against the debtor

Methods of debt recovery – 7. Opening insolvency proceedings against the debtor   Debt recovery concludes with the enforcement, by any method permitted by law, of the amounts awarded in court. In case, after obtaining an enforceable court decision, the debtor does not voluntarily settle the debt, and the debtor, a legal entity, is unable...

Benefits and facilities offered to employees

The benefits of balancing private life and professional activity can bring improvements on various fronts, such as mental health, physical health, minimizing work-related stress, increasing attention, boosting commitment, and productivity in the workplace. To offer employees the possibility of a much more efficient rhythm, we present the following solutions: Flexibility in work. According to the...

Enforcement proceedings

Methods of debt recovery – 6. Enforcement proceedings Debt recovery must result in the creditor receiving all sums due from the debtors. In this regard, the debt recovery process does not end with obtaining a favorable court decision but concludes with the enforcement, whether voluntary or forced, of the sums in question. If, after obtaining...

Arbitration procedure

Arbitration is the institution through which the parties entrust arbitrators, freely designated by them, with the mission of settling their disputes. Thus, a definition that could be given to the institution of arbitration is that it represents a procedure for resolving a dispute through private justice, within which each party has the right to appoint...

Exclusion of associates from a Limited Liability Company

According to Art. 222 of Law 31/1990, the following may be excluded from the limited liability company: 1. The associate who, being in default, does not contribute the agreed upon share Even if the associate has not fulfilled their obligation to contribute, the proceedings to exclude them from the company can only be initiated after...

The Iimportance of the compliance plan in the field of Competition Law

Competition law is a legal field that regulates the behavior of economic agents in the market, with the aim of ensuring fair and efficient competition for the benefit of consumers and economic development. Violating competition law norms can have serious consequences for companies, such as fines, damages, bans, criminal sanctions, or reputational damage. This is...

Resignation without respecting the notice period

In the situation where an employee wishes to resign without respecting the notice period, but the employer refuses and insists that the employee respects this period, there can be several situations: If the employer has not fulfilled the obligations provided in the individual employment contract, the employee may resign without notice according to Article 81...

Disciplinary sanctioning of employees

Disciplinary sanctioning of employees. The importance of Internal Regulations in the company.   Disciplinary sanctioning of employees is a very important topic in the business and work environment because it is a way used by employers to enforce rules and norms within the company. Sanctioning employees refers to the application of punitive measures against those...

The request for calling in warranty in civil proceedings

Judicial procedures have a diverse variety, often allowing for the possibility that one party may file a separate claim for warranty or damages, closely related to the subject matter of the dispute, against a third party. To avoid separate resolution of this claim and to ensure a unified interpretation of the evidence administered in a...