The liquidator's obligation to appropriately present the debtor's assets on the market – art. 154 of Law no. 85/2014 Cover Image

Obligația lichidatorului de expunere pe piață într-o manieră adecvată a bunurilor debitoarei – art. 154 din Legea nr. 85/2014
The liquidator's obligation to appropriately present the debtor's assets on the market – art. 154 of Law no. 85/2014

Author(s): Carmen Popa
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Universul Juridic
Keywords: market exposure; maximizing the debtor's wealth;

Summary/Abstract: The judicial liquidator is legally obligated to appropriately present the debtor's assets on the market for sale. This obligation is mandatory and stands apart from any other stipulations in the sales regulations. If there is a breach of this duty, which is designed to uphold the principles of insolvency law that are considered public order, the consequence is absolute nullity.

  • Issue Year: 85/2023
  • Issue No: 3
  • Page Range: 16-19
  • Page Count: 4
  • Language: Romanian