insolvencies
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The lesson of the first two years of insolvencies: reorganisation needs to be done quickly
The first few months of this year came with a 20% decline in the number of new insolvencies, although banks and entrepreneurs continue to have daily meetings seeking to reach common ground over debts, amid problems still facing markets such as trade or real es...
Insolvencies up 9% in 2010, deregistrations and dissolutions down
The number of companies that sought protection under insolvency law rose by 9% compared with 2009, with the number of voluntary deregistrations up by 292%, while the number of voluntary diss...
Increased accountability for managers could lead to wave of insolvencies and resignations
The Romanian Government wants to pass an emergency ordinance in order to force company managers to file for insolvency within 30 days from the time insolvency sets in.
Insolvencies hinder lending
The wave of insolvencies, some of which voluntary, is generating such high costs for banks that it hinders the National Bank’s effort to encourage the resumption of lending, says Sergiu Op...