Common law, civil innovations civil innovations
Getting to grips with a new area of the law, such as securitisation, presents a whole raft of challenges, not least which system to opt for. Andrew Kingston and Cristina Virtopeanu look at the development of Romania's emerging securitisation market
At first glance, the largest country in southeast Europe seems like a curious place for a skirmish between the continental and Anglo-Saxon legal systems. Romania has been a civil law country since at least 1864, when it translated large swathes of the Napoleonic Code and adopted them as its own.
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