CONCEPTS OF INSOLVENT AND INSOLVENCY IN THE PERSPECTIVE OF LAW 151/2015 ON THE BANKRUPTCY OF INDIVIDUALS
CONCEPTS OF INSOLVENT AND INSOLVENCY IN THE PERSPECTIVE OF LAW 151/2015 ON THE BANKRUPTCY OF INDIVIDUALS
Author(s): Cristian DrăghiciSubject(s): Civil Law
Published by: Österreichische Nationalbibliothek Wien/ Österreichisch-Rumänischer Akademischer Verein
Keywords: insolvency; banckruptcy; European Union;
Summary/Abstract: Enactment of a law on insolvency of the natural person was necessary, but also mandatory because Romania is a member of the European Union, and Regulation no. Regulation 1376/2000 requires Member States to extend insolvency proceedings also to natural persons.Given the current European economic context, "insolvency" is an area that must be based on the same guidelines in all EU Member States. At this level there is a concern to ensure similar insolvency laws for EU Member States and their similarity can only result from the adoption of common guiding principles.
Journal: Conferința Internațională Educație și Creativitate pentru o Societate Bazată pe Cunoaștere - DREPT
- Issue Year: XI/2017
- Issue No: XI
- Page Range: 76-82
- Page Count: 7
- Language: English