Bondoc si Asociatii SCA‘s comprehensive offering for insolvency and restructuring matters covers court-based insolvency proceedings, along with advice on complex restructurings, and the acquisition of assets from insolvent entities. A sizeable client base of multinationals, major utility providers and prominent domestic companies instruct the practice, which is jointly led by a group of 4 lawyers: litigation expert Viorel Dinu; ‘sophisticated and experienced lawyer’ Simona Petrișor; bankruptcy expert Ioana Katona; and one of the firm’s most experienced corporate law practitioners, Lucian Bondoc. Florin Sandu assists with cases involving the enforcement of personal guarantees and security interests, and Răzvan Agarici is another name to note for insolvency litigation and management.

The restructuring and insolvency practice at Dragne & Asociatii SCA maintains its position as one of the most reliable options for Romanian counsel in debt recovery proceedings, bankruptcy procedures and liquidation matters. Court proceedings relating to such matters are a particular strength, and the team is also well regarded for complex financial reorganisations. Clients include banks, financial institutions, public authorities, corporate debtors and creditors. Stelian Garofil is an experienced advisor across the spectrum of commercial issues for domestic and multinational companies, while Andreia Dumitrescu is an arbitration expert with strong knowledge of this area of law. Daniel Cirstea and Gabriel Paraschiv are highly regarded practitioners, both with extensive experience of high-profile insolvency proceedings, restructurings, enforcement proceedings and dispute resolution. Ana-Maria Filip is another commercial law all-rounder to note.

Nestor Nestor Diculescu Kingston Petersen is seen as ‘one of the top choices in case of complex files’ for restructuring and insolvency in Romania. Its most notable areas of strength include debt restructurings, insolvency proceedings and non-performing loan portfolios. The multidisciplinary team draws together dispute resolution expertise in the shape of Sorina Olaru, and Marius Ezer; and extensive experience in advisory matters, with Alina Radu and Valentin Voinescu the key names in that respect. The above named lawyers come under the leadership of senior partners Manuela Nestor and Ana Diculescu-Sova, and the ‘very practical, extremely knowledgeable and business oriented’ Emil Bivolaru is also a noted practitioner.

Popovici Nitu Stoica & Asociatii‘s ‘completely reliable and customer focused’ practice in insolvency and restructuring is underscored by an elite insolvency litigation offering. Its client base of both domestic and international companies also instruct the group on complex restructuring and related advisory issues. A trio of lawyers coordinate the team: litigator Ciprian Donțu often acts in court proceedings pertaining to insolvency issues; Valentin Creața, is a trusted advisor to healthcare and real estate sector companies on reorganisations; and Camelia Patrascu is another talented litigator with experience in these cases. Corporate restructuring expert Florian Nițu is also frequently involved, and Ilinca Ștefănescu-Goangă stands out for contentious insolvency work.

Tuca Zbârcea & Asociatii's restructuring and insolvency practice is comprised of lawyers with focuses on each aspect of the practice area, ensuring full coverage for clients. A dedicated insolvency group within the firm is a standout feature, while the team also has liquidation litigation experts, and specialists in financing and corporate matters related to corporate restructuring and reorganisation, out of court procedures and asset recovery. The key individuals are certified insolvency practitioner Ciprian Dragomir; experienced senior partner Robert Rosu; Cătălina Mihăilescu, a specialist in insolvency and liquidation procedures; and Ionut Serban and Alina Ungureanu, both of whom are go-to litigators in this area.

Bringing together practitioners with expertise in finance, financial regulation, corporate and commercial law, and dispute resolution, the insolvency and restructuring team at Zamfirescu Racoti Vasile & Partners has a notable track record in litigation. The practice is also distinguished by its reliable advice to banks in this field. Co-leader of the team Stan Tirnoveanu is one of the market’s best recognised veterans. He coordinates the group with Alexandru Iorgulescu, who was promoted to the partnership in 2024 and continues to develop his practice acting for both creditors and debtors. Andreea Macasoi is another name to note, particularly for cross-border insolvencies and debt collection.

Corporate restructuring and both lender and borrower sides of insolvency matters are strengths of bpv Grigorescu Stefanica, whose client base includes a diverse array of international companies in various industries. One of the firm’s founding partners, Alexandru Rusu, leads the department and is both a qualified insolvency practitioner and an expert corporate law advisor. His support team is made up of Liana Vilaroiu, who is experienced in insolvency prevention; tax and administrative law advisor Raluca Marcu; and litigator Serban Dumitrescu.

Commended for its ‘deep industry knowledge, responsiveness, and dedication’, the restructuring and insolvency group at CMS‘ Bucharest office excels in CEE-spanning financial restructurings, and corporate insolvency issues. For pre-insolvency issues and work relating to non-performing loans, both Ana Radnev and Cristina Reichmann are names to note. They co-lead the group along with Horia Draghici, who focuses on insolvency disputes; and corporate restructuring expert Rodica Manea. Both Alina Tihan and Andrei Cristescu are also regularly part of counsel teams.

Financial restructuring matters are the bread and butter of Filip & Company's offering across insolvency and restructuring, and it has a track record of high-value transactions in the Romanian market. Cross-border mandates are frequently handled, and the team has robust insolvency capabilities. Head of the practice group Ioan Dumitrascu has considerable multidisciplinary knowledge and his team brings together experts in various connected practice areas. Litigation expert Catalin Alexandru is a key figure, along with the ‘very knowledgeable’ Razvan Ionescu and Alina Stancu Bîrsan, who excels in finance and capital markets.

Musat & Asociatii makes for a reliable choice across the range of restructuring and insolvency matters, both contentious and non-contentious. International clients look to the firm for Romanian law counsel on multijurisdictional mandates, but the department is also well established in the domestic market for high-profile insolvencies. Mihai Popa leads the team and is one of the better known names in the country for handling insolvency litigation. He is ably supported on the range of matters by Diana Dobromir and Dana Buscu.

Prominent national and international companies, commercial banks and public institutions are among those that look to Popescu & Asociatii's restructuring and insolvency team for advice on high-profile contentious matters. Insolvency disputes are a standout strength and in Octavian Popescu the practice has one of the best regarded disputes practitioners. He co-heads the practice with senior business lawyer Gheorghe Buta, ‘invaluable professional’ Nicoleta Tandareanu, and energy and natural resources expert Dana Bivol. Stefan Baiculescu is a further name to note, praised by clients for his ‘dedication to restructuring’.

Business law boutique Pro Legal Iosif & Asociatii SCA is one of the younger players in the market but has already forged a prominent position and attracts a client base of investors and top financial institutions, local entrepreneurs and foreign companies requiring advice on insolvency and restructuring. Practice head Iulian Iosif has a strong reputation in the country for insolvency advice and his track record includes representation of state-owned entities and domestic market leaders. Anca Iosif is the other key figure, a business lawyer and public notary who is the main contact at the firm for restructuring.

Lauded for its ‘ability to collaborate seamlessly across various practice areas’, the restructuring and insolvency team at Wolf Theiss is a strong choice for companies with operations across the CEE region. The group is particularly strong in insolvency litigation, administration procedures and directors’ personal liability. Ileana Glodeanu, corporate and M&A lead at the Bucharest office, co-heads this practice alongside Andreea Zvâc, who was raised to the partnership in September 2024 and is a noted litigator and public procurement expert. Cornelia Postelnicu and Gabriela Pătrăşcan are both heavily involved in the practice and praised by clients.

Representation of companies in proceedings against debtors is a noted strength of Kinstellar's insolvency and restructuring offering. The practice and Bucharest office as a whole has particular strength in the energy and shipping sectors and is accomplished across dispute resolution relating to restructuring and insolvency. Remus Codreanu, who focuses on contentious restructuring and insolvency issues, is the practice head. Vlad Simion has ‘in-depth knowledge in this field’ and supports across the range of matters.

Mitel & Asociatii ‘s team assists with insolvency procedures and litigations relating to receivables recovery. Its clients include a diverse range of domestic companies, as well as international names operating in Romania. Magda Dima leads the practice and is particularly strong in disputes. Alina Ostroveanu is the key support contact.

MPR Partners is accomplished at representing both debtors and creditors in all situations, including at creditors’ meetings and in court. The ‘client-focused’ restructuring and insolvency practice is led by Dana Rădulescu, who is particularly skilled at handling distressed M&A and complex and sensitive corporate restructurings. Anca Băițan has broad dispute resolution strength and assists with insolvencies, reorganisations and bankruptcy.

‘A highly experienced team of lawyers when it comes to restructuring and insolvency matters’, Pavel, Margarit & Associates Romanian Law Firm's offering is spearheaded by Radu Pavel. Clients consider Pavel a ‘go-to’ lawyer in this area and the team often acts for creditors in high-value debt recovery claims. Real estate is a standout sector strength for the firm.

‘Highly regarded for its expertise in insolvency law and restructuring’, the team at Schoenherr si Asociatii SCA often acts for international and domestic entities on insolvency and debt recovery proceedings. Creditor representation is a hallmark of the offering and the practice also takes on restructuring matters. Sebastian Gutiu and Iustin Armașu co-lead the department, and from a sizeable support team, Andrea Gál and Rebeca Dan stand out.

Best known for its representation of banks, the insolvency and restructuring practice at STOICA & ASOCIAȚII is jointly led by Cătălina Dicu and Dragoș Bogdan. Dicu has impressive experience as a pleading lawyer in civil cases, and Bogdan has an IP disputes background. Further key contacts to note are Carmen Mureşan and Cornelia Deaconescu.

‘Very skilful, top professional’ Mariana Popa leads the insolvency and restructuring team at Voicu & Asociatii, which focuses on assisting with insolvency administration procedures, as well as handling corporate and financial restructurings. Insurance, travel, real estate, and oil and gas are key sector strengths for the group.