Romanian Cos File For Insolvency To...

Concursul International de Poezie STARPRESS http://www.valcea-turism.ro/j15/index.php?option=com_content&view=article&id=2383:concursul-international-de-poezie-starpress&catid=20:concurs-poezie&Itemid=36

Romanian Cos File For Insolvency To Benefit From Law’s Advantages – Lawyer

Romanian companies with debts have distorted the very purpose of insolvency and very often resort to the measure for its advantages, to shield themselves from foreclosure and from paying debt penalties, said Wednesday Dan Costinescu, partner at law firm Schoenherr si Asociatii.

"If this procedure is used abusively, a debtor's claim for insolvency may be considered premature and may be rejected and is also drastically punishable," Costinescu said during a seminar organized by newspaper Ziarul Financiar.

He added in most cases, debtors filing for insolvency don't have plans to reorganize their business and are just looking to benefit from the bankruptcy law's advantages such as evading foreclosure and debt and penalty payments.

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Romanian President Invites Parties To ...

Concursul International de Poezie STARPRESS http://www.valcea-turism.ro/j15/index.php?option=com_content&view=article&id=2383:concursul-international-de-poezie-starpress&catid=20:concurs-poezie&Itemid=36

Romanian President Invites Parties To Talks On Constitution Revision - Sources

Romanian President Traian Basescu has invited parties and parliamentary groups to the presidential palace next week for talks on the revision of the country's Constitution, people close to the matter told MEDIAFAX Monday.

The sources said talks are scheduled at 3 p.m. next Monday.

The Romanian Parliament's standing offices have recently rejected the proposition of the ruling Democratic Liberal Party (PDL) regarding the setting up of a committee to revise the Constitution. Social Democratic Party and Liberal Party lawmakers, in opposition, voted against PDL's proposition.

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Romanian Liberals Re-Elect Antonescu..

Concursul International de Poezie STARPRESS http://www.valcea-turism.ro/j15/index.php?option=com_content&view=article&id=2383:concursul-international-de-poezie-starpress&catid=20:concurs-poezie&Itemid=36

Romanian Liberals Re-Elect Antonescu As President

Romanian liberals re-elected Crin Antonescu as party president Saturday.

Antonescu got 986 of liberal delegates' votes, while his rival Ludovic Orban secured 357 votes.

On Friday, the delegates voted in favor of adopting the Party Statute proposed by Antonescu. Under this new statute, the entire party leadership is elected together with the party president. Orban opposed this system and said he supported electing the party's leaders one by one.

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