The government decided on Thursday to move back to August 1, 2017 the coming into force of Law No. 151/2015 on personal insolvency proceedings, informs a government release .
“The postponement by yet another seven months of the coming into force of this law was decided as the enforcement of the new regulations requires a complex system: the setting up of 42 local insolvency committees, setting in place the necessary technical apparatus and adopting the rules for the enforcement of the law. Human and financial resources must be allocated for the new structures to be able to function. Specifically, experts are needed who will go through a professional training stint of one to t…
Read the full article at: http://actmedia.eu/financial-and-banking/august-1-2017-the-coming-into-force-of-law-no.-151-2015-on-personal-insolvency-proceedings/67318