Lawyers: Restricting Right To Foreclose State's Shares Is Unconstitutional

01.25.2012 By Radu Bostan

The Romanian Government's plan to suspend for five years its creditors' right to seize or place distraint on shares in state companies is in breach of the Constitution and of EU law, and will result in the companies accruing even more arrears, to the detriment of the rest of the economy.

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Keywords:: LAWYERS; , STATE; , GUARANTEE

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