SPECIAL BANKING PROCEDURES IN THE NEW LEGAL APPROACH
SPECIAL BANKING PROCEDURES IN THE NEW LEGAL APPROACH
Author(s): Ianfred SilbersteinSubject(s): Law, Constitution, Jurisprudence, Civil Law, Law on Economics, Commercial Law
Published by: Universul Juridic
Keywords: banking; liquidation; special supervision; winding-up; special administrator; dissolution; procedures;
Summary/Abstract: Ever since Law no. 58/1998 was adopted – hereinafter called the Banking Law – the legislator contemplated introducing in the legal provisions some special procedures to prevent banks’ entering into the judicial liquidation procedure. Global financial Crises imposed finding adequate solutions in the field. Through Government Emergency Ordinance no. 26/2010 was modified, in essence, the chapter regarding special administration. Thus, increased and diversified the numbers of reasons which determined the applicability of the procedure, and also the role of the authority of the prudential supervision along the applicability of the procedure. The study analyzes comparatively and relevant the legislative modifications from the perspective of the New Normative Act.
Journal: Law Review
- Issue Year: 2011
- Issue No: 03
- Page Range: 20-28
- Page Count: 9
- Language: English
- Content File-PDF