THEORETICAL ASPECTS CONCERNING THE RECOGNITION AND ENFORCEMENT OF FOREIGN COMMERCIAL JUDGMENTS IN ROMANIA
THEORETICAL ASPECTS CONCERNING THE RECOGNITION AND ENFORCEMENT OF FOREIGN COMMERCIAL JUDGMENTS IN ROMANIA

Summary/Abstract: In the accession to the European Union negotiations, Romania has committed to complete and modernize the national legislative framework to implement no.44/2001 (EC) Regulation on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters elaborated in Member States of the European Union. Law no.105/1992 has been prepared and contains rules for determining the law applicable to legal relations with foreign element and the rules of procedure in litigation concerning the relations of private international law.In this context the Law no.187/2003 was legislated concerning the power of jurisdiction, recognition and enforcement in Romania of judgments in civil and commercial matters adjuged in the Member States of the European Union, law that was repealed by Ordinance no.119/2006 on necessary measures for the implementation of EU regulation of accession to the European Union.Subsequently, through Law no.191/2007 major changes were made to this ordinance, changes relating to the recognition and enforcement of judgments in commercial cases given in the Member States of the European Union.

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