CREDITORS’ VOLUNTARY ARRANGEMENT: NEW CONDITIONS FOR EXTENDING THE PROCEDURE

Further changes were brought to the Insolvency and Insolvency Prevention Law no. 85/2014 with the publication of the Law no. 46/2023 in the Official Gazette No. 183 of March 3, 2023. The new changes cover some legal aspects relating to the conditions for extending the term of the creditors’ voluntary arrangement.

Here follows an overview of the main changes introduced by Law no. 46/2023, and a brief review the key elements of creditors’ voluntary arrangement procedure.

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