THE PARTICULARS OF THE JUDICIAL REORGANIZATION OF THE MEMBERS OF THE GROUP OF COMPANIES IN ACCORDANCE WITH THE PROVISIONS OF LAW NO. 85/2014 ON INSOLVENCY PREVENTION AND INSOLVENCY PROCEEDINGS Cover Image

PARTICULARITĂȚILE REORGANIZĂRII JUDICIARE A MEMBRILOR GRUPULUI DE SOCIETĂȚI CONFORM PREVEDERILOR LEGII NR. 85/2014 PRIVIND PROCEDURILE DE PREVENIRE A INSOLVENȚEI ȘI DE INSOLVENȚĂ
THE PARTICULARS OF THE JUDICIAL REORGANIZATION OF THE MEMBERS OF THE GROUP OF COMPANIES IN ACCORDANCE WITH THE PROVISIONS OF LAW NO. 85/2014 ON INSOLVENCY PREVENTION AND INSOLVENCY PROCEEDINGS

Author(s): Sebastian Popa
Subject(s): Law on Economics, Commercial Law
Published by: EDITURA ,,ACADEMICA BRÂNCUȘI”
Keywords: group of companies; reorganization plan; compatibility; coordination;

Summary/Abstract: The group of companies is a complex economic and legal reality. It presents a series of particularities in the matter of the judicial reorganization procedure. The filing of the reorganization plans is carried out by the judicial administrators appointed for each insolvent member of the group or by the sole judicial administrator appointed at the group level. The deadline for submitting the reorganization plan, in the case of groups of companies, is 60 days from the date of displaying the definitive tables of claims. The judicial administrators of the group have the obligation to cooperate and make available the necessary information, in order to develop compatible and coordinated reorganization plans. The creditors' committees, designated for each member of the group subject to the insolvency procedure, will meet at least quarterly, with the aim of formulating recommendations regarding the debtors' activity and the proposed reorganization plans.

  • Issue Year: 2022
  • Issue No: 2
  • Page Range: 67-82
  • Page Count: 16
  • Language: English, Romanian