Whether failure to publish a shareholder meeting convener in the financial supervisor’s electronic bulletin constitutes absolute or relative nullity of resolution
Romania (RO)
Legislator summary
AI generatedThe High Court of Cassation and Justice, in its panel for resolving legal questions, dismissed as inadmissible the preliminary reference submitted by the Bucharest Court of Appeal, leaving the lower court to proceed without a supreme court interpretation. The dispute concerned whether the failure to publish a general shareholders' meeting convener in the electronic bulletin of the financial supervisory authority, as required by the regulations for companies admitted to trading on the Rasdaq market, constituted a cause for absolute or relative nullity of the shareholders' meeting resolutions. The decisive legal basis was the procedural admissibility standards for preliminary references under Article 521(3) of the Civil Procedure Code, which required the High Court to determine that the request did not meet the necessary conditions for a binding precedent decision on the interpretation of the national securities market commission regulations.
Legislator headnote
AI generatedart. 521 alin. (3) din Codul de procedură civilă; Whether failure to publish a shareholder meeting convener in the financial supervisor’s electronic bulletin constitutes absolute or relative nullity of resolution: The dispute concerned whether the failure to publish a general shareholders' meeting convener in the electronic bulletin of the financial supervisory authority, as required by the regulations for companies admitted to trading on the Rasdaq market, constituted a cause for absolute or relative nullity of the shareholders' meeting resolutions. The decisive legal basis was the procedural admissibility standards for preliminary references under Article 521(3) of the Civil Procedure Code, which required the High Court to determine that the request did not meet the necessary conditions for a binding precedent decision on the interpretation of the national securities market commission regulations.
Keywords
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AI generatedKey legal questions extracted by Legislator
AI generatedCited in the dispositive to establish that the court's decision is mandatory and binding, following the dismissal of the preliminary reference.
Full text
ROMÂNIA
ÎNALTA CURTE DE CASAŢIE ŞI JUSTIŢIE
Completul pentru dezlegarea unor chestiuni de drept
Minuta deciziei nr.76 Dosar nr. 1296/1/2017
Şedinţa din 16 octombrie 2017
ÎN NUMELE LEGII
DECIDE:
Respinge, ca inadmisibilă, sesizarea formulată de Curtea de Apel Iaşi – Secţia Civilă, în dosarul nr. 5707/99/2015, în vederea pronunţării unei hotărâri prealabile pentru dezlegarea chestiunii de drept ce decurge din „interpretarea dispoziţiilor art. 113 lit. A alin. (1) lit. b din Regulamentul Comisiei Naţionale a Valorilor Mobiliare nr. 1/2006, prin neîndeplinirea formalităţii publicării în Buletinul electronic al Autorităţii de Supraveghere Financiară a convocatorului unei adunări generale a acţionarilor societăţii admise la tranzacţionare pe Piaţa Rasdaq, reprezintă o cauză de nulitate absolută sau de nulitate relativă a hotărârii Adunării Generale a Acţionarilor adoptate în aceste condiţii”.
Obligatorie, potrivit dispoziţiilor art. 521 alin. (3) din Codul de procedură civilă.
Pronunţată în şedinţa publică, astăzi, 16 octombrie 2017.