Particularities of the Insolvency Legislative Evolution. Winners, Opportunists and Losers in the Covid-19 Pandemic

Abstract

The purpose of this paper is to analyse the legislative changes due to pandemic, together with a brief analysis of winners, losers and opportunists due to this legislative changes and Covid-19 impact on economic sector. This paper presents a legislative approach to the concept of insolvency from 2014 until now, explaining how legislative evolution can be updated for governmental institutions profit. Insolvency law was an evolution in the regulation of insolvency prevention and insolvency proceedings, but the retrospective analysis of the law and the cases faced by insolvency practitioners are significant in terms of the correctness of this act and the ambiguities regarding the recovery of creditors' claims. Understanding the legislative changes together with the analysis of the main categories of actors participating in the insolvency procedure is intended to be a contribution in the analysis of future legislative texts.

Keywords

• legislative evolution
• insolvency
• covid-19 pandemic