ASPECTE PRIVIND CAUZELE ŞI ÎMPREJURĂRILE CARE AU CONDUS LA APARIŢIA STĂRII DE INSOLVENŢĂ A HIDROELECTRICA S.A.
ASPECTS REGARDING THE CAUSES AND CIRCUMSTANCES THAT LED TO THE INSOLVENCY OF HIDROELECTRICA S.A.

Summary/Abstract: Insolvency is a current theme, researched both at national and international level, with the proposal of creating a common framework of reflection for jurisprudence and analyzing from a comparative perspective the principal institutions of law specific to the topic. Economic reality urges lawmakers to apply to economic units in difficulty various legislative solutions in order to support a possible recovery, both economically and financially, but also to ensure the protection of those who collaborate with the unit experiencing the difficulties. Commercial legislation regulates the commercial activity allowing actors that play on its arenna, that is traders, greater freedom. As a counterpart, strict obligations in function of the importance of the values emplozed and of the necessity of keeping the economic system working. Traders that undergo judicial actions with certain obligations must obey them, otherwise prejudices on the creditor arise and on the commercial partners of the former. A trader engaged in complex and ongoing relations with various supliers (creditors) and with clients (debitors) entails using a mechanism of payment and colection which, if interrupted, because of liquidities, determines closing the activity of many commercial actors, ending the natural circle of operations.

• Details
• Contents