Implications of the Measures Adopted by the Authorities During the State of Emergency, Respectively of the State of Alert, on the Reorganization Plan from the Insolvency Procedure Cover Image

Implicațiile măsurilor adoptate de autorități în perioada stării de urgență, respectiv a stării de alertă, asupra planului de reorganizare din procedura insolvenței
Implications of the Measures Adopted by the Authorities During the State of Emergency, Respectively of the State of Alert, on the Reorganization Plan from the Insolvency Procedure

Author(s): Daniela Ilinca
Subject(s): Social Sciences, Law, Constitution, Jurisprudence, Sociology, Social development, Economic development, Commercial Law
Published by: Universul Juridic
Keywords: insolvency; reorganisation plan; measures; term; extension”
Summary/Abstract: In order to fight against the effects of the COVID-19 pandemic, the authorities took a series of measures which had as object the restriction of some of the rights and liberties granted or, as the case mey be, defended by the Romanian Constitution, such as: the right to free movement, the freedom of assembly, the economic freedom. The measures taken by the authorities had a major impact upon the entire social and economic life and generated in many cases the total or partial interruption of the activity of some economic operators, with the consequence of the appereance of financial difficulties hard to overcome and even with the risk of the disappearance from the market of some economic operators. The current study refers to the amendments adopted by the legislator to the legal provisions regarding one of the fields of interest and continuos topicality of the economic and legal life, respectively the insolvency proceedings, with an emphasing on the amendments of the legal provisions related to the proposal and the implementing of the reorganisation plan, as well as case-law regarding the application of such amendments.