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There were laid the foundations for establishing courts specialized in companies, trade register, unfair competition and insolvency

The Ministry of Justice published on Tuesday, October 29, 2013, a press release stating that the draft law for amending Law no. 304/2004 on judicial organization was adopted at the meeting on the same day, by the Romanian Senate, as a decisional Chamber.

The project proposed by Minister of Justice sets the legal framework for the establishment of specialized courts in the areas of companies, trade register, unfair competition and insolvency.

Robert Cazanciuc, Minister of Justice, declared: “I want to thank the members of the Parliament for this decision, for the celerity with which they reviewed and approved this draft bill. I hope that this law would soon be promulgated by the President and published in the Official Gazette, so that we can have the legal framework needed to begin the actual establishment of specialized courts in the areas of corporations, trade register, unfair competition and insolvency. Since taking the office emphasized on the importance that should be given to the business environment, and such a specialized court in the city of Bucharest is an aid to both the business community and individuals in general. Cases will be judged by specialized magistrates, freed from other duties and, hopefully, in a shorter time, and this reduction in the number of cases per judge will mean more efficient work for Bucharest court.”

:: The source: JURIDICE.ro

Adina OPREA

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