Given that, amid the restrictive measures imposed by the pandemic coronavirus, economic activities are affected by the bottlenecks created, the European Commission has intervened through a series of measures to streamline the functioning of banking systems so that they can provide the necessary funding for sustaining business continuity and for consumer survival.To this end, the European Commission has adopted a Banking Package t...

The request for the termination of the abusive clauses in the credit agreements is imprescriptible, being subject to the regime of absolute nullity, since it penalizes violation of norms of public order. The application for the restitution of benefits provided under the canceled clauses, whether it is formulated together or separately from the main application, has a distinct prescriptible regime. As the object of the requested benefits...

Being the reflection of mixed operations, banking contracts involve a number of peculiarities. In the present study, we aimed to highlight the particularities of banking contracts, especially as regards the admissibility of court intervention to remedy the nullity of unfair terms in credit agreements.The court which has established the unfairness of a clause in a consumer credit agreement is required to remove it application by de...

The concern of the European and national legislators for consumer protection is due to the fragile position it occupies in a credit agreement. The role of the CJEU is to establish a unitary standard for the interpretation of the provisions of Directive no 1993/13/EEC on unfair terms in consumer contracts, applicable in all Member States, but it is for the national courts to verify whether a clause contrary to the requirement of good fai...

The European Commission has issued a series of recommendations on insolvency, outlining the guidelines that Member States should follow in their national legislation. In terms of individuals, the recommendations refers mainly to the harmonization of the debts discharge period, which should not exceed 3 years.By providing the benefit of debts discharge, the debtors are granted with a fresh start. Recently, Romania has adopted an in...

The harmonization of the European insolvency laws aims to remove the existing discrepancies between them, which may hamper the establishment of an efficient Unique Market. The revision of Regulation no. 1346/2000 on insolvency proceedings created the premise for a smooth coordination of insolvency proceedings with cross-border implications, but this process must be sustained by adopting certain complementary methods, in order to harmoni...

In the present study we aimed highlighting the areas in the field of insolvency where a modernisation of regulations is necessary, in order to address deficiencies posed by the current legislative framework. This paper aims to conduct an analysis of the concept of rescuing companies within the European reference laws and of the reasoning underlying its, taking into account the key factors that have influenced the development of various ...

The objective of this study is to identify the solutions developed for settling jurisdictional conflicts concerning the commencement of cross-border bankruptcy proceedings. The research methods used for this purpose are the analyzing of the proposals elaborated by the authorized bodies, and the researching of the jurisprudence configured in this area.The study conducted indicates that these conflicts on the opening of the cross-b...