Why do most insolvency proceedings fail?

Why do most insolvency proceedings fail? There are several key factors that contribute to such outcome. 1️⃣ Firstly most of insolvency procedures are bankruptcies because there is no intention to pursue a restructuring of the business. 2️⃣ Another important point is that in the majority of the judicial reorganization procedure, the reorganization plan is drafted […]

Trends in insolvency

Our founding partners, Emeric Domokos and Daniel Barbu were speakers at ”Trends in insolvency” conference, organised by JURIDICE.ro. Emeric Domokos talked about the concept of COMI in insolvency. COMI, short for “Center of Main Interests,” is a crucial concept in international insolvency law. It determines the jurisdiction in which the main insolvency proceedings should take […]