PARTICULAR ASPECTS ON THE CROSS-BORDER INSOLVENCY PROCEDURE

The insolvency procedure is a collective procedure that takes into account the rights of all the creditors at the same time and takes place under the control and supervision of justice. The regulation concerning the insolvency procedures applies to the procedures determined by the debtor’s insolvency in which his total or partial discontinuance in the specific activity takes place and in which a liquidator is assigned. This community act does not apply to the insolvency procedures of insurance companies that provide services involving possession of funds or securities of third parties and collective investment organs. The titular of the request opening this procedure can be any creditor that has a certain liquid receivable that corresponds to the threshold established by law in the member state in which the judicial instance in referred to. The international competence of opening an insolvency procedure belongs to the state in which “the center of the debtor’s main interests is located” and the applicable law of the procedure is the member state’s law in which the procedure was open. In Romania, the law in this context is Law no.85/2006 on insolvency procedure, modified. In solving the possible competence conflicts that can appear related to the opening of the main procedure, “the center of the debtor’s main interests” criteria is used, as defined in the Statute. It regulates the opening of a single main procedure and several secondary procedures the latter on the condition that the debtor’s headquarter is located in the member state in which the opening of the secondary procedure is requested. Any decision of opening an insolvency procedure issued by a competent instance in a member state is recognized in all the other member states, as soon as it produces its effects (except the cases expressly mentioned in the community act, that has to be strictly interpreted and applied), even if the decision is final or notcenter of main interests, main insolvency procedure, secondary procedures, creditor, competent instance

Business Ethics in Third World Countries. A Romanian Representative Case: Rosia Montana

Rosia Montana case became representative by its complexity, considering the interaction of the economic with other social sectors on one hand, and on the other hand, considering the context of a economy on the globalization edge in a South-Eastern European country 'rebuilt' after 1989 and in a permanent 'reform' of 20 years, representative by the way the economics dictates to the politics, sealing the road to sustainable disaster in an "era of sustainable developmentâ€. Edifying symbol of the times that we live at the beginning of the XXIst century, maintaing the focus on the Romanian opened wound Rosia Montana is equivalent to a live lesson about the survival or the collapse of the (human) ecosystem. About the morality as a reality of another order than that of biological life and as a sine qua non condition of the humanity preservation.etichs; business.

DECENTRALIZATION AND LOCAL AUTONOMY - LOCAL PUBLIC MANAGEMENT DEFINING PRINCIPLES

In the context of multiplication and diversification of the requirements andsocial needs, public administration, together with its authorities needs to operate throughits entire activity to meet and resolve, under the best conditions, the public requirementsand issues. Only by implementing the principles and the rules governing this matter andunder the conditions in which the government deals with public affairs in an immediateand operational manner, efficiency will be ensured in meeting all interests, be theycentral or local. Constitutional principles, decentralization and local autonomy govern andunderlie the formation, organization and functioning of local government, ensuring theinterests and meet local needs, in concordance with the specifics of each administrative-territorial unit. Recognizing the legal personality of the administrative-territorial units and theirright to self administrate in order to satisfy their own needs, the principle ofdecentralization and local autonomy gives the local government the mission to identifyand to implement the optimal solutions for solving specific local administrative problems,and on behalf of the local interests which they represent. On the background of those exposed in the paper, analyzing the principles ofdecentralization and local autonomy, we can say that the exercise of this latter principleis possible only in the presence of the former, the basis for decentralization being theidea of local autonomy.local public management, public administration, decentralization, local autonomy,administrative-territorial units

A COMPARATIVE ANALYSIS OF EUROPEAN V AND BRITISH LEGAL TEXTS: DIRECTIVES VS. STATUTES

When doing business in the European Union, it is important to know and understand the EU legislation. Legal language is often incomprehensible to the general public. Specialist writings should be directed not only to an audience with expert knowledge in the field but also to ordinary people. The purpose of this article is to analyze the language of law used in British and European legislative documents. Legal language is defined as a technical language, a language which is used by specialists. Legal language is characterized by an impersonal style with formulaic structures, long sentences, typical legal vocabulary and syntactic complexity. I will try to point out the accuracy and precision used in legal style as well as the different ways of expressing modality. The European directives used in this work were taken from the Official Journal of the European Communities and the Acts of Parliament from the online UK Statute Law Database.register, legislation, written, legal documents, accuracy, sentence length.

UNIVERSITY ENTREPRENEURSHIP - A CHANCE TO IMPROVE THE RELATIONSHIP BETWEEN UNIVERSITIES AND BUSINESS IN THE KNOWLEDGE SOCIETY

Research, development and universities are considered the fundamentals of European competitiveness and therefore require sustained action in partnership with social and economic environment. At European and international level it was discussed about the uentrepreneurship concept, entrepreneurial university, triple helix