Euro Construct Trading 98 enters insolvency due to a liquidity crisis, which started from S2 2017, generated by the uncollected accounts receivable in due time of the works beneficiaries.
The commercial company Euro Construct Trading 98 had received from the Court the approval of insolvency submitted at the Bucharest Court, based on the law no. 85/2014 regarding the insolvency procedure. The aim of the companys request is the jobs protection for the companys employees, as well as the well development of the companys activities on the building yards in progress at the submission date until the finalization of all works, according to the commitments. The reason for this legal prevision is the liquidity crisis in which the company is …
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