Pursuant to art. 103 of Law no. 85/2014, the claims benefiting from a cause of preferance are entered in the final table and / or in the final consolidated table, as the case may be, at the value corresponding to the good affected by the guarantee, as it is assessed by the appraiser, according to International Evaluation Standards.The legislator imposes a maximum limit on the value resulting from the valuation, namely the value (...

After the date of opening of insolvency proceeding, if it was not raised the right of administration, the debtor, by special administrator, is the one who decide on restructuring measures or amendments of the collective agreement, under the supervision of the insolvency administrator. The right to decide on the termination of individual employment contracts belongs to the insolvency administrator/judiciary liquidator, according to art. ...

The debtor’s right of administration, consisting of the right to perform his activity, to manage his property and to dispose of it, is exercised through the agency of a special administrator, under the direct supervision of an insolvency administrator, during the observation procedure or reorganization period. Initiating the bankruptcy procedure has the direct effect of cancelling the debtor’s right of administration.The bankrupt...