INSOLVENCY
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Court Approves Adevarul Holding's Insolvency Request
Romanian Bucharest Court approved Monday the general insolvency procedure of Adevarul Holding, which owns several magazines, tabloids or newspapers, including Adevarul daily.
Ponta Says Hidroelectrica Will Exit Insolvency By Yearend
Romanian state-run hydropower producer Hidroelectrica will complete its insolvency process by the end of the year, Prime Minister Victor Ponta said Thursday.
Bucharest Court Rejects Appeal Against Hidroelectrica Insolvency
The Bucharest Court of Appeals on Thursday rejected a request to annul insolvency proceedings at Romania’s top energy producer Hidroelectrica.
Flanco HR Manager: We Want To Bring Back Employees Who Lost Their Jobs In Insolvency
Flanco Retail, the electronics, home appliances and computer retailer that went insolvent at the end of 2009, wants to bring back some of the people who had been working for the company befo...
Hidrolectrica May Complete Insolvency Procedure By Dec 31 - Administrator
Romania’s state-run hydropower company Hidroelectrica could complete its insolvency process by the end of December, sooner than initially estimated, the company’s legal administrator Euro In...
Bucharest Court Of Appeals Rejects Insolvency At Romexpo
Romanian expo center Romexpo has exited the state of insolvency as the Bucharest Court of Appeals admitted its appeal and overruled the insolvency claim filed against the center by firm Arse...
Trade Registry: Company Bankruptcies Inch Down In Jan-Aug
Romania's Trade Registry Tuesday said 11,043 companies filed for insolvency in the first eight months of 2012, down 1.43% from 11,230 companies in the year-earlier period.
Hidroelectrica’s Legal Administrator To Receive Fee Based On Results
The creditors of Romanian insolvent Hidroelectrica on Friday confirmed insolvency firm Euro Insol as the legal administrator of the hydropower producer and set its fee at between EUR1 millio...
Transport Firm Transchim Asks For Insolvency
The managing board of Romanian freight transporter Transchim Bucuresti (TRAI.RO), owned by investment fund SIF Muntenia (SIF4.RO), unanimously decided to ask for the start of insolvency proc...