Societăţile de leasing – privilegiaţii nevăzuţi ai procedurii de insolvenţă
Leasing companies – the unseen privileged of insolvency proceedings

Summary/Abstract: While all other contracts are left to the discretion of the judicial administrator, the situation is entirely different when it comes to leasing companies, where the financers have a decisive say regarding the continuation or the termination of the contract, without the debtor, the judicial administrator or the other creditors having a say in the matter. The option held by leasing companies to terminate contracts endangers the debtorʼs ability to enact a reorganization plan. Is it fair that the leasing companies receive such privileged treatment? In our opinion, the leasing companies are the Unseen Privileged of the Insolvency Procedure.

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