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ICCJ_153026 AI generated

Insolvency petition by corporate liquidator: inapplicability of the 50% budgetary claim threshold under Law 85/2014

Case Number ICCJ_153026
Court / Authority
Jurisdiction Romania (RO)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The High Court of Cassation and Justice, sitting as the Full Bench for Resolving Legal Issues, resolved a conflict of laws by ruling that the requirement that budgetary claims must be less than 50% of the total declared debts is inapplicable to insolvency petitions filed by a liquidator appointed under the 1990 Companies Law. The court addressed a referral from the Bucharest Court of Appeal concerning the interpretation of Article 5(1)(72) of Law No. 85/2014 (as amended by Emergency Ordinance No. 88/2018), determining that this specific statutory threshold does not apply when the request for opening insolvency proceedings is initiated by a statutory liquidator. This decision serves as a binding legal interpretation for all lower courts, clarifying the procedural prerequisites for initiating insolvency proceedings in cases involving entities subject to liquidation under company law.

Legislator headnote

AI generated

art. 5 alin. (1) pct. 72 din Legea nr. 85/2014, art. 521 alin. (3) din Codul de procedură civilă; Insolvency petition by corporate liquidator: inapplicability of the 50% budgetary claim threshold under Law 85/2014: The court addressed a referral from the Bucharest Court of Appeal concerning the interpretation of Article 5(1)(72) of Law No. 85/2014 (as amended by Emergency Ordinance No. 88/2018), determining that this specific statutory threshold does not apply when the request for opening insolvency proceedings is initiated by a statutory liquidator. This decision serves as a binding legal interpretation for all lower courts, clarifying the procedural prerequisites for initiating insolvency proceedings in cases involving entities subject to liquidation under company law.

Keywords

AI generated
insolvency statutory requirement legal entity conflicts of laws schedule of claims in bankruptcy merger of debt and claim

Cited Legislation

AI generated
art. 5 alin. (1) pct. 72 din Legea nr. 85/2014
Substantive provision interpreted to exclude the 50% budgetary claim threshold for insolvency petitions filed by liquidators appointed under the 1990 Companies Law.
art. 521 alin. (3) din Codul de procedură civilă
Procedural basis establishing the binding and obligatory nature of the court’s decision.
AI generated
Decizia nr. 49/2019
Insolvency petition by statutory liquidator: inapplicability of the 50% budgetary claims threshold under Art. 5(1)(72) of Law No. 85/2014 as amended by O.U.G. No. 88/2018
ICCJ_128110
Budgetary claims under insolvency: merits review reserved to specialized court
Decizia nr. 357/2023
Insolvency creditors' challenges to budgetary claim in preliminary table: appeals held inadmissible as appellate ruling definitive.
ICCJ_81572
Insolvency threshold governed by law in force at filing, not ruling; appeal admitted.
Decizia nr. 699/2023
Inadmissibility of cassation against final insolvency appeal under Law 85/2014

Key legal questions extracted by Legislator

AI generated
art. 5 alin. (1) pct. 72 din Legea nr. 85/2014

Substantive provision interpreted to exclude the 50% budgetary claim threshold for insolvency petitions filed by liquidators appointed under the 1990 Companies Law.

art. 521 alin. (3) din Codul de procedură civilă

Procedural basis establishing the binding and obligatory nature of the court’s decision.

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Full text

ROMÂNIA

ÎNALTA CURTE DE CASAŢIE ŞI JUSTIŢIE

Completul pentru dezlegarea unor chestiuni de drept

Minuta deciziei nr.49 Dosar nr. 1583/1/2019

Şedinţa din 14 octombrie 2019

ÎN NUMELE LEGII

DECIDE:

Admite sesizarea formulată de Curtea de Apel Bucureşti – Secţia a VI-a Civilă în dosarul nr. 41757/3/2018 privind pronunţarea unei hotărâri prealabile şi, în consecinţă, stabileşte că:

În interpretarea dispoziţiilor art. 5 alin. (1) pct. 72 din Legea nr. 85/2014 privind procedurile de prevenire a insolvenţei şi de insolvenţă, astfel cum a fost modificat prin Ordonanţa de urgenţă a Guvernului nr. 88/2018, publicată în Monitorul Oficial al României nr. 840 din 2 octombrie 2018, cerinţa referitoare la cuantumul creanţelor bugetare mai mic de 50% din totalul declarat al creanţelor debitorului nu este aplicabilă pentru cererile de deschidere a procedurii insolvenţei formulate de lichidatorul numit în procedura de lichidare prevăzută de Legea nr. 31/1990.

Obligatorie, potrivit dispoziţiilor art. 521 alin. (3) din Codul de procedură civilă.

Pronunţată în şedinţă publică astăzi, 14 octombrie 2019.