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Constitutional Court: Insolvency Code is unconstitutional


judecatorieRomania’s Constitutional Court established today that the new Insolvency Code is unconstitutional, admitting this way a sesization made by People’s Advocate, wrote.


CCR stated that art 115 alin 4 and 6 from Romania’s Constitution weren’t respected, in the sense that there is no justification for adopting the code with an Emergency Ordinance and that Government cannot adopt emergency ordinances that affect the regime of state’s fundamental institutions.

The new Insolvency Code will be annulled when CCR’s decision is published in Romania’s Official Monitor. CCR’s decision is definitive and mandatory

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Autor: Carmen Maria Andronache

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