Personal liability of the directors towards the creditors follows the liability of the legal person, the one that is damaged by the torts of the directors, so that it aims to reintegrate the corporate assets. The damage thus affects the legal person and only indirectly and implicitly the creditors, the latter being the recipients of the compensation only in the case of the judicial liquidation of the legal person.The personal liability c...

By Emergency Ordinance of the Romanian Government no. 54/2016 regarding automobile liability insurance for damages caused to third parties by vehicle and tram accidents, which abrogates Law no. 136/1995 regarding insurance and reinsurance in Romania, the possibility that the payment of damages is being done directly by the own RCA insurer of the injured party, by way of direct compensation method, as well as the possibility of the policy hold...

The paper points out a number of practical aspects and jurisprudential orientations on the crime of tax evasion, including the liability of the legal person and the status of antifraud inspectors. Keywords: Law no. 241/200...

The initiation of insolvency proceedings against a contractor performing construction works is likely to cause detriment to the client considering the latter’s limited rights under Romanian law in case of the contractor’s default and the divergent case law on their enforceability. This article focuses on the client’s most important concerns and tries to determine to which extent these concerns are likely to be mitigated by the entrance into f...