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Offsetting – A Method Of Settling Obligations Of Legal Entities


  • Ovidiu-Constantin Bunget

    () (West University of Timisoara)

  • Alin-Constantin Dumitrescu

    () (West University of Timisoara)


Offsetting is a specific method of settling mutual obligations, where the same persons are at the same time creditor and debtor one to another, and by means of which obligations are settled up to the smallest value. Offsetting of mutual obligations is a common way of settling debts, especially in the economic crisis marked by lack of liquidity, among others. There are different offsetting procedures provided by Romanian legislation, according to residence, size of offset amount and state’s involvement in the transaction. The analysis of each offsetting situations encountered in the practice of Romanian legal entities, highlights a series of particularities that should be properly considered for their validation.

Suggested Citation

  • Ovidiu-Constantin Bunget & Alin-Constantin Dumitrescu, 2010. "Offsetting – A Method Of Settling Obligations Of Legal Entities," Romanian Economic Business Review, Romanian-American University, vol. 5(4), pages 176-186, december.
  • Handle: RePEc:rau:journl:v:5:y:2010:i:4:p:176-186

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    offsetting; residents; non-residents; obligations;


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