The international financial system has achieved a radical change in the last twenty years. From the so called Commodity Exchange, which is recognized as the origin of the financial system and even of the derivative one by the economic literature since 1500, to Black & Scholes (1973a) and...

The right to health insurance is a constitutional right. The right to health insurance is included into the group of economic and social rights. The implementation of these rights is conditioned to a special law which has to establish the rules and their application procedure. Starting from...

Law no. 193/2000 on unfair terms in contracts concluded between traders and consumers transposes into the Romanian legislation the Council Directive no. 93/13/EEC of 5 April 1993. The law aims at restoring the contractual balance significantly altered by the provision of unfair terms within...

The mediation represents an optional way of solving conflicts amicable, with the help of a third person specialized as a mediator under conditions of neutrality, impartiality and confidentiality. In Romania the mediation is regulated by the Law no. 192/2006 concerning the mediation and the...

Since 1 May 1999, the day when the Treaty of Amsterdam entered into force, we have been able to observe a fundamental change in view of the field of civil procedure law cooperation. In the Treaty of Amsterdam the European Union set as a goal the establishment of the area of freedom, security and...

The opening of an insolvency procedure impacts considerably the referred parties, indirectly affecting other people involved. We considered the case of a debtor’s spouse who is in a state of insolvency and the case of admitted personal liability according to art. no. 138 of the Romanian...

Insolvency is one of the most often used actions in the economic intern environment. This can be used by companies as a tool for obtaining the restructuring of bank loans or to provide shelter to enforcement. For banks, that means serious problems because they are forced to fully provisioned...

A reflex of any modern Nation’s wishing to express themselves as a stroke of its socio-economic development is the institutionalization of some legal rules which orders social relationships. This ordination must provide the strength of the social security harmony, the safety that produces the...

The present study analyzes the constitutional issues relating to tax relief. We highlight how the doctrine and case law have raised particular problems relating to the constitutionality of the rules under consideration and especially that they create interference with the principle of saving...

Conceived as a basic organizing principle of the democratic societies, the rule of law consecrated itself in France by its organizational principles (the existence of judicial mechanisms that subject the administrative and legislative acts to the law), formal principles (the existence of a...