As shown in the literature, preventing insolvency and, if possible, removing its incidence effects on the commercial activities is at least as important as the insolvency procedure itself. As a result, the ad-hoc mandate can help the debtors in financial difficulty to maintain their business until they manage to generate cash. Considering the importance of ad-hoc mandate as a way of saving those companies from insolvency, through this article...

Law no. 85/2014 on insolvency proceedings regulates, in addition to the judicial reorganization procedure, the bankruptcy procedure, which applies in cases expressly provided by law, being the final solution through which creditors can satisfy their claims. Keywords:

The class action had undergone an extremely sinuous and complicated historical evolution. With origins that go back to XIIth century Medieval English Law, it has been subjected countless times to reforms and reconfigurations in order to adapt it to the needs of a certain era. Initially build as an instrument for the strong and few in their fight with the many and weak, the class action had transformed into a useful and efficient instrument for...

Irregularities in the company’s internal decision-making process cannot affect the validity of the company’s acts concluded with outside third parties, where the company’s agreement was based on the legal representatives’ authority to act, not on a resolution of the shareholders’ general meeting. However, case law is not unitary in this sense. When it comes to directors’ liability, views may differ on the very nature of such liability, ...

It is a fact that economy has undergone profound changes, in recent years, that have changed the physiognomy of companies and corporate law, and at the same time put ethics on the jurists’ agenda. The new stakeholder approach to corporate governance, regarding the maximization of the interests of all the parties impacted by the activities of a company, implicitly generates corporate social responsibility (CSR). The doctrine of ”legitimate expe...

This paper highlights the stages of Romania’s adherence to the European Banking Union (EBU). Although the initial estimated adherence schedule conceived by the National Bank of Romania, the Ministry of Public Finances, The Bank Deposits’ Guarantee Fund and the Authority for Financial Supervision was not respected, the transposition into national law of the relevant European legal dispositions having been delayed, at present they do...

Double Tax Conventions are international treaties subject to public international law. Therefore, based on the rules and principles of public internaţional law, provisions of the Double Tax Conventions overrides domestic tax legislation. The extent în which this principle is expressed in the domestic tax legislation (Tax Code) does not fully observe the public international law.

The local tax for drilling and excavation and consequently issuing of the required authorization, have been applied in a divergent way and causes considerable fiscal burden for contributors acting in mining industry. In many situations these obligations have been illegally set, therefore we propose a legal reading of the rules from the perspective of both ordinary and constitutional judicial practice. We also analyze hereinafter the excavation...

The present work aims at analyzing the most relevant international institutions and organizations in supporting and facilitating economic and trade relations and activities, namely the World Trade Organization (OMS), United Nations Conference for Trade and Development (UNCTAD), and the United Nations Commission on International Trade Law (UNICITRAL); the article also focuses on recent changes and developments in the field. Furthermore, this w...

This study, in three parts, is dedicated to the bankruptcy crimes, simple and fraudulent, and regulated by articles art. 240-241 pf the Penal Code. This first part approaches common aspects of both infractions, in a historical (chronological order), respectively in the Bankruptcy law , then in Companies law, then back in the Bankruptcy law, and currently in the Criminal law. Then are analyzed the constitutive elements of the bankruptcy crimes...