Romania collection profile

romania-bnr

 

Collecting in Romania

  • Although Romania’s regulations on late payments are more demanding than EU rules on the matter, the paying behavior of domestic companies remains problematic.

  • Legal proceedings are long and costly, therefore use of arbitration or a foreign European forum is worth considering since both arbitral awards and decisions rendered in EU countries are fairly enforceable.

  • Before commencing legal actions of any kind, however, it is essential to conduct thorough pre-legal action. Indeed, as time goes on, chances are that bad payers will become insolvent. In such cases, recovering the debt becomes practically impossible.

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    romania

    Romania

    Collection complexity

    notable-2


    Collection relating to

    Payments
    $-2
    Court
    proceedings
    Gav-3
    Insolvency
    proceedings
    Arrow-1
     

    Romania

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