Law Review International Journal of Law and Jurisprudence Open Source Online Publication Edited by the Union of Jurists of Romania and Universul Juridic Publishing House e-ISSN 2246-9435
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Some aspects regarding insolvency of administrativeterritorial units from the perspective of Law no. 273/2006 and Government Emergency Ordinance no. 46/2013

Emilia Lucia Catana

Abstract


The presumption that administrative-territorial units as legal persons under public law are always solvent, proves not to hold true for periods such as the economic crisis
that Romanian society goes through, which produces negative repercussions not only in the activity of private entrepreneurs but also on local budgets.
 

In this context, the study makes an analysis of the regulatory framework established by Law no. 273/2006 on local public finance in the field of financial crisis
and insolvency matters of administrative-territorial units, with consequent modifications and additions, and by Government Emergency Ordinance no. 46/2013 on financial crisis and insolvency of administrative-territorial units, respectively.

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