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The Procedure Of The Joint Stock Company’s Capital Increase By Converting The Debts

Author

Listed:
  • Gabriel Mihai

    (Faculty of Law and Administrative Sciences "Ovidius" University of Constanta)

Abstract

The conversion of the debts into shares is a very commonly used method in the jurisdictions of the states that are based on a market economy because of its potential to turn an adversarial situation into a collaborative relationship beneficial to both sides . The legal implications of this operation in the Romanian law converge to some risks, but although our legislation is not yet adapted to this practice, we can observe an increase in the concern for the conversion of debts into shares. The method of converting a debt or multiple debts into shares in a joint stock company is a simple and required one necessary for the companies in order not to remain indebted or to avoid a potential insolvency in the case the debt is not met in time.

Suggested Citation

  • Gabriel Mihai, 2015. "The Procedure Of The Joint Stock Company’s Capital Increase By Converting The Debts," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 470-474, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:470-474
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    More about this item

    Keywords

    capital; increase; debt; conversion; company; shares;
    All these keywords.

    JEL classification:

    • K - Law and Economics

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