Amendments brought to the legislative framework regarding insolvency prevention procedures and insolvency proceedings

On October 2, 2018, Emergency Ordinance no. 88/2018, amending and supplementing some normative acts in the field of insolvency (hereinafter "the Ordinance") entered into force. The Emergency Ordinance brought several changes to the current legislative framework on insolvency prevention procedures and insolvency proceedings, which will be detailed below.