Critical analysis of some case law decisions concerning the central bank Cover Image
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Analiză critică asupra unor decizii jurisprudențiale privind banca centrală
Critical analysis of some case law decisions concerning the central bank

Author(s): Adrian Dumitrescu-Pasecinic
Subject(s): Civil Law
Published by: Uniunea Juriștilor din România
Keywords: National Bank of Romania; bank officials; administrative-jurisdictional activity;

Summary/Abstract: The present study aims to present a series of case law decisions in which the role and the activity of the central bank has proved to be insufficiently considered in depth by the Romanian courts. The application thereby, as regards the National Bank of Romania, of some legal provisions addressed to commercial banks, confusing the administrative review on the acts of the central bank with the administrative jurisdiction, overlapping restraints of the constitutional frameworks in which the National Bank has activated throughout its history, inconsistencies with the vision accepted at European level regarding the attributions and independence of the central banks are widely treated in an attempt to clarify the specific position that the central bank holds in the Romanian institutional landscape. There were presented some solutions from the judicial practice that highlight the need for doctrinal clarifications regarding the nature of the activity of the central bank, including from the European perspective. The importance of knowing them is determined by the significant effects that the correct or incorrect application of the norms and principles regarding the central bank can produce not only at the level of the administrative law, but also at criminal or economic level.

  • Issue Year: 2020
  • Issue No: 05
  • Page Range: 75-91
  • Page Count: 17
  • Language: Romanian
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