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Articles

An educated man is the one who never finish learning. - Lucian Blaga
European payment order

Methods of debt recovery – 4. European payment order The European legislator has come to the aid of litigants with fast and inexpensive debt recovery procedures. Although fast and inexpensive, these are not exactly user-friendly for the average litigant, maintaining a high level of complexity and rigidity. And in this case, as in the case...

Measures to combat delay in the execution of payment obligations

In order to promote business competitiveness and strengthen the functionality of the Romanian market as an integral part of the European Union’s internal market, efficient mechanisms have been necessary to combat delays in the execution of payment obligations arising from contracts between professionals and between them and contracting authorities. As a result, Directive 2011/7/EU was...