President Iohannis sends back to Parliament the insolvency law for natural persons

President Klaus Iohannis has sent on Monday to the Parliament, for review, the bill approving the Government Emergency Ordinance no. 61/2015 for the extension of the period for entry into force of Law no. 151/2015 regarding the insolvency of natural persons, the Presidential Administration informs. The President underscores in the request for review that the Government ordinance anticipated for the entry into force of the personal insolvency law a delay until December 31, 2016, a deadline pushed back by parliament by two months (October 31, 2016), which could affect the enforcement of the law, as the institutions and the public authorities are not sufficiently prepared.

billgovernmentinsolvency lawlaw 151natural personsparliamentpersonal insolvency lawpresident klaus iohannis
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