1. Cadrul legislativ:

• Lg. 85/2006 privind procedura insolventei
   
• O.G. nr.10/2004 privind falimentul institutiilor de credit;
   
• Lg. 32/2000 completata si modificata, privind societatile de asigurare si supravegherea asigurarilor.
   
• Regulamentul CE nr.1346/2000

2. Principii:

• Principiul procedurii concursuale. 

Toti creditorii se bucura de o atentie egala din partea lichidatorului judiciar, acesta avand o pozitie echidistanta si echilibrata fata de creditori si in raporturile dintre acestia si reprezentantii actionarilor; 

• Principiul respectarii stricte a normelor procedurale in cadrul activitatilor desfasurate in afara instantei. 

Acest principiu se reflecta in realizarea atributiilor lichidatorului legate de notificari, inventarierea si evaluarea bunurilor si valorificarea acestora; 

•  Principiul maximizarii valorii averii debitorului. 

Lichidatorul judiciar va face tot ce ii sta in putinta pentru anularea sau desfiintarea actelor juridice care au provocat si continua sa provoace pierderi debitorului, pe de o parte, si va desfasura cu fermitate toate actiunile legale ce ii stau la indemana in vederea recuperarii sumelor datorate de debitorii debitorului; 

•  Principiul celeritatii.

Lichidatorul judiciar va face eforturi sustinute pentru parcurgerea rapida a tuturor etapelor procesuale in vederea valorificarii cit mai rapide a bunurilor si distribuirii sumelor obtinute catre creditori. 

1. Legislative frameworks

• Law no. 85/2006 on insolvency procedure
   
• Government Ordinance no. 10/2004 regarding the bankruptcy of credit institutions;
   
• Law no. 32/2000, as supplemented and amended, on the insurers and insurance supervision.
   
• EC Regulation no. 1346/2000
   

2.  Principles:
     

• The principle of the common procedure.

All the creditors benefit from an equal attention from the liquidator, who has an equidistant and balanced position in relation to the creditors and in the relationships between them and shareholder’s representatives;

• The principle of strict observance of the procedural norms in the activities performed outside the court of law

This principle is reflected in the exercise of the liquidators’ duties related to notifications, inventory and assessment of the assets and their recovery; 

• The principle of maximising the value of the debtor’s estate

The liquidator shall take all the measures in order to annul or revoke the legal acts which caused and continue to cause losses to the debtor, on the one hand, and shall firmly carry out all the legal actions that he is allowed to perform for the purpose of recovering the amounts due by the debtors to the debtor; 

• Principle of promptness

The liquidator shall take sustained efforts in order to rapidly complete all the processual stages, aiming at developing the assets and allotting the amounts recovered to the creditors, within the shortest term possible.