Romania - Legislative amendments in insolvency matters during the state of alert


In the context of the economic and financial difficulties caused by the spread of the COVID-19 virus, the Government of Romania adopted the Emergency Ordinance No. 69/2020 for amending and supplementing Law No. 227/2015 regarding the Fiscal Code as well as for implementing certain fiscal measures (“GEO 69/2020”), published in the Official Gazette No. 393/14.04.2020.

Also, the Government Emergency Ordinance No. 33/2020 on certain fiscal measures and the amendment of certain normative acts was implemented through Law No. 54/2020 (“Law 54/2020”), published in the Official Gazette No. 396/15.05.2020.

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