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Official Journal 145/05.03-Law no.25/2010 of 02/03/2010 for modification and completion of Law no.85/2006 regarding the insolvency procedure.

According to the modifications, the opening of the insolvency procedure must also be published on the debtor’s Internet web page within 24 hours from the communication of the procedure opening decision. To the same effect, the information regarding the company status must be published, as well as the number, date and the court that pronounced the decision. The failure to comply with these provisions shall be punished with a fine from 10,000 lei to 30,000 lei. The finding of contravention and the penalty application is made by the A.N.A.F. specialized bodies, ex officio or at the notification of the syndic judge, the judicial administrator / liquidator or any interested person.
Losses suffered by the third parties of good faith, as a consequence of the non-observance of debtor’s obligations concerning the publication by any means, of the state of insolvency shall be exclusively rectified by the persons who signed the documents as legal representatives of the debtor, without affecting the debtor’s assets.

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