Debt Restructuring & Enforcement
When a Romanian borrower is in difficulty, lenders and investors need to choose between a consensual deal, a court procedure and enforcement. We advise on that choice and carry it out.
Updated 28 October 2026 · General information, not legal advice
What the work covers
Consensual restructuring
Standstills, waivers, amendments and new money.
Court procedures
Preventive composition and reorganization plans under Law 85/2014.
Enforcement
Enforcement of mortgages and guarantees through court bailiffs.
Claims in insolvency
Filing and defending claims and challenging transactions.
- Timing. Opening of insolvency suspends individual enforcement. Speed matters.
- Valuation. Secured creditors' recoveries depend on valuations in the procedure.
- Tax. Debt forgiveness can have tax consequences for the debtor.
- Options paper
- Restructuring documents
- Enforcement plan
Can a secured creditor enforce after insolvency opens in Romania?
Enforcement is suspended when proceedings open. The secured creditor can ask the court to lift the suspension in certain cases, or recover from the sale of the asset in the procedure.
What is an ad hoc mandate?
A confidential pre-insolvency procedure under Law 85/2014 in which a court-appointed mandatary helps the debtor negotiate with creditors.
Tell us the decision you need to make
Describe the transaction or regulatory issue, the Romanian assets involved and your timetable.
Consultation