CONDITIONS AND EFFECTS OF THE COMMISSORIA LEX IN THE LEASING CONTRACT
CONDITIONS AND EFFECTS OF THE COMMISSORIA LEX IN THE LEASING CONTRACT
Author(s): Raluca Antoanetta TomescuSubject(s): Law, Constitution, Jurisprudence
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: comissory pact; lease contract; termination agreement
Summary/Abstract: The main problem with the execution of a leasing contract in Romania is that there are still shortcomings to the laws in force. The complexity of this contract which, at first sight, seems so common place, as well as the void in our ambiguous law are an inexhaustible source of research and exploration, but also the origin of controversial conflicts. With this paper I decided to elaborate I would like to contribute to consolidating the ”status” of national leasing operations, which are still in search of their own identity. Aiming to place the leasing contract back in its rightful place, that of a contract from which nobody has anything to lose but everything to gain, I consider it appropriate to analyse the conditions and effects of the commissoria lex fragments inserted in the leasing contract. One of the most controversial aspect of these last years brought to the attention of the courts of law cases where the financier, once the leasing contract was cancelled, requests the fore closure of the user. The cancellation we are taking into account is based on the commissoria lex inserted in the clauses of the leasing contract. We have therefore to analyse whether the foreclosure of the user can be carried on, based on the provisions of GO 51/1997 referring to leasing contracts.
Journal: Perspectives of Business Law Journal
- Issue Year: 2015
- Issue No: 04
- Page Range: 117-120
- Page Count: 4
- Language: English