Early warning tools and preventive restructuring frameworks in Romania

The overall project deliverables as related to the field of corporate insolvency are expected to result in an amended legal framework on the judicial reorganisation and preventive restructuring in accordance with the EU Restructuring Directive and in the development of new early warning tools in accordance with the Restructuring Directive. Further aims of the project include to support the Romanian authorities to design their legislative reforms according to their priorities, existing socio-economic conditions and desired improvements, and to support the efforts of Romanian authorities to define and implement appropriate early warning mechanisms, restructuring processes and methodologies.