Relaxed regulations.

The article focuses on the regulatory changes implemented in Romania since the financial crisis. It is stated that the amendments made for solvency appear to be more caring for the defaulting debtor, encouraging of restructurings instead of simple liquidations and more inclined to decrease the powers of the judge. The amount of debt that allows one to file insolvency has been tripled to euros 7200. Creditors may be able to improve their ranking within the insolvency distribution procedure with a registered security agreement. Measures have been implemented to ensure maximisation of trades and offering of incentives to investors in capital markets.