Managers Causing Firms To Enter Insolvency May Cover Debts From Their Own Pocket

07.08.2013 By Ioana Tudor

Managers who cause a firm to enter insolvency will have to cover partially or totally the debts registered by the firm from their own pocket and will not be allowed to run other companies for ten years, according to a Romanian draft normative act on insolvency, obtained by Mediafax.

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Keywords:
INSOLVENCY
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