CONCORDAT PROCEDURE. LEGISLATIVE AND JURISPRUDENTIAL HIGHLIGHTS

Mihaela Tofan ()
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Mihaela Tofan: „Alexandru Ioan Cuza” University, Iasi

Perspectives of Law and Public Administration, 2014, vol. 3, issue 1, 353-358

Abstract: Insolvency Code has revived theoreticians’ and practitioners’ discussions, equally. The voluntary arrangements procedure is considered a legal solution for the prevention and recovery from commercial actors’ financial difficulty. The current legal framework establishes a number of imperative conditions for the implementation of this procedure, but in many cases, the application of the current regulation generated different conclusions. In less than half a year, since the entry into force of the law, the practice for each court varied. The paper synthesizes separate opinions and proposes solutions for shaping a more precise legal framework.

Keywords: financial difficulties; legal framework; insolvency preceedings. (search for similar items in EconPapers)
JEL-codes: K22 K23 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sja:journl:v:3:y:2014:i:1:p:353-358

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