Issues raised by multiple reorganization plans Cover Image

Probleme ridicate de planurile de reorganizare multiple
Issues raised by multiple reorganization plans

Author(s): Anca Buta, Andreea Deli
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Universul Juridic
Keywords: reorganization plan; notification/announcement; voting order; voting presumptions; multiple plans; special creditors’ meeting;

Summary/Abstract: The procedure undergone by a reorganization plan, from the moment when it is filed, when relevant information is notified within the procedure and to creditors as well, until voting on decisions, becomes much more complicated when we are facing multiple reorganization plans. The specifics of procedural actions that enable the ultimate confirmation of a single reorganization plan need to be analysed separately from the other actions and operations within insolvency proceedings. It is these specifics that underscore the increased importance granted to reorganization, as well as the derogation characters granted to the insolvency procedure by the “chance” of reorganization.

  • Issue Year: 2022
  • Issue No: 2
  • Page Range: 29-38
  • Page Count: 10
  • Language: Romanian