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Articles

An educated man is the one who never finish learning. - Lucian Blaga
Establishing paternity of a child born out of wedlock

In cases where the father outside of marriage does not recognize the child, paternity can be established by court decision. The advantages of establishing paternity include, first and foremost, that the father’s name will be included on all civil status documents of the child. Additionally, the child can benefit from maintenance support. The benefits are...

Amendment of the articles of Incorporation

The articles of incorporation may be amended by a resolution of the general meeting or of the Board of Directors, respectively the management board, or by the decision of the court. The authentic form of the amending instrument adopted by the shareholders is mandatory when it concerns: • Increase of the share capital by subscription...

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...

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...