Glossary entry (derived from question below)
English term or phrase:
administrator
Romanian translation:
administrator judiciar
Added to glossary by
danieline
Nov 17, 2021 11:06
2 yrs ago
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English term
administrator
English to Romanian
Other
Law: Contract(s)
In case of initiation of insolvency proceedings the administrators choosing to not fulfil the contract the Non-Opening for insufficiency of assets is required in addition.
Proposed translations
(Romanian)
5 +1 | administrator judiciar | Cristina Ciublan |
Proposed translations
+1
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Selected
administrator judiciar
Administration is an insolvency procedure that permits an insolvent company to continue to trade while protected from creditor claims by a statutory moratorium. This allows the company breathing space in which to re-organise, refinance or effect a sale of its business.
An administrator, who must be a licensed insolvency practitioner, is appointed. Directors are not automatically dismissed but the administrator takes over the control of the company's affairs.
https://www.ashurst.com/en/news-and-insights/legal-updates/q...
An administrator, who must be a licensed insolvency practitioner, is appointed. Directors are not automatically dismissed but the administrator takes over the control of the company's affairs.
https://www.ashurst.com/en/news-and-insights/legal-updates/q...
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