Destinul sinuos al codului insolvenței – între aspirații și realitate
The sinuous destiny of the Insolvency Code - between aspirations and reality

Summary/Abstract: Part of the project for the Judicial System Reform in Romania, the Insolvency Code’s draft – now a bill on insolvency and insolvency prevention procedures – started with an ambitious objective: that of being a true code, meaning a legal instrument that should integrate, in the same corpus, all applicable law on insolvency and pre-insolvency, both as regards the private companies, as well as the administrative-territorial entities and the autonomous administrations. Analyzing the content of the Insolvency Code, we can say that the result which has been achieved is a good and balanced one, given the diversity of legal relationships and divergent interests to be decided that must be managed. Obviously, as any project, it is certainly one that can be improved, both in terms of unavoidable errors, repetitive texts sometimes, but also of substantive questions that will surely be highlighted by the practical application of the new provisions and legal institutions.

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