INEFFICIENCY OR USELESSNESS? THE PRACTICAL AVATAR OF REGULATING THE PREVENTIVE CONCORDAT AND THE AD HOC MANDATE
INEFFICIENCY OR USELESSNESS? THE PRACTICAL AVATAR OF REGULATING THE PREVENTIVE CONCORDAT AND THE AD HOC MANDATE
Author(s): Paul PopoviciSubject(s): Law, Constitution, Jurisprudence
Published by: Editura Universităţii Petru Maior
Keywords: insolvency; preventive concordat; ad hoc mandate; efficiency; inefficiency; uselessness
Summary/Abstract: The present paper deals with the notions of efficiency and efficacy in the field of commercial law, especially in insolvency law. The author proves that the effectiveness of a commercial law mustn’t merely state that this norm is indeed made use of in practice, when there are no other alternative ways. The very small number of trials on the preventive concordat and the ad hoc mandate shows that its Act is inefficient, not useless.
Journal: Curentul Juridic
- Issue Year: 2013
- Issue No: 2
- Page Range: 141-144
- Page Count: 4
- Language: English