General Considerations on the Dissolution and Liquidation of Romanian Companies

All stakeholders are interested in whether a firm has a good and stable financial situation, even though they all have different stakes in it. However, not all companies can succeed and operate profitably. The purpose of the study is to examine the peculiarities of dissolution and liquidation in Romania and the characteristics of liquidation of companies, according to their legal form. From examining the general causes of dissolution to specifics of different type of companies, all elements have a great importance in understanding how to avoid this procedure.