Glossary entry (derived from question below)
engleză term or phrase:
administrator
română translation:
administrator judiciar
Added to glossary by
danieline
Nov 17, 2021 11:06
2 yrs ago
13 viewers *
engleză term
administrator
din engleză în română
Altele
Juridic: Contract(e)
In case of initiation of insolvency proceedings the administrators choosing to not fulfil the contract the Non-Opening for insufficiency of assets is required in addition.
Proposed translations
(română)
| 5 +1 | administrator judiciar |
Cristina Ciublan
|
Proposed translations
+1
6 minute
Cristina Ciublan
Native in română
Specializes in field
Proper meaning and proper service
Native in: română 
Works in: din engleză în română, din franceză în română
Related KudoZ points
:
96
Selected
administrator judiciar
Administration is an insolvency procedure that permits an insolvent company to continue to trade while protected from creditor claims by a statutory moratorium. This allows the company breathing space in which to re-organise, refinance or effect a sale of its business.
An administrator, who must be a licensed insolvency practitioner, is appointed. Directors are not automatically dismissed but the administrator takes over the control of the company's affairs.
https://www.ashurst.com/en/news-and-insights/legal-updates/q...
An administrator, who must be a licensed insolvency practitioner, is appointed. Directors are not automatically dismissed but the administrator takes over the control of the company's affairs.
https://www.ashurst.com/en/news-and-insights/legal-updates/q...
4 KudoZ points awarded for this answer.
Comment: "TY!"
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