LIABILITY FOR INSOLVENCY IN REGULATION OF
LAW NO. 85/2014
LIABILITY FOR INSOLVENCY IN REGULATION OF
LAW NO. 85/2014
Author(s): Dragoș-Mihail DaghieSubject(s): Law, Constitution, Jurisprudence, Commercial Law
Published by: C.H. Beck Publishing House - Romania
Keywords: insolvency; debtor; creditor; liability;
Summary/Abstract: The new regulation of the insolvency procedure brought novelties in the fieldof professionals which failed in trading and has transposed the new challengesregarding the way in which the insolvency procedure is opened, conducted and closed.As regards the opening of the insolvency procedure, some novelties may benoticed that affect the requisite conditions for the manifest insolvency, but also for theimpending insolvency, regarding the content of the debtor’s application initiating theproceedings, the threshold value and so on.Moreover, Law no. 85/2014 introduces the obligation of running the procedureprior to opening the insolvency procedure, and this stage is intended to mitigate the riskfor the claims which the debtor owes to the state budget
Journal: Istorie, Cultura, Cetatenie in Uniunea Europeana
- Issue Year: 11/2018
- Issue No: 1
- Page Range: 380-389
- Page Count: 10
- Language: English