Law No. 119 Of 6 December 1995

Original Language Title:  LEGE nr. 119 din 6 decembrie 1995

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Law No 119 of 6 December 1995, for approval of the Government Ordinance. 13/1995 on some measures for accelerating the process of restructuring public corporations and companies with majority state capital, strengthening financial discipline and improving the economics of payment CARD ISSUING PARLIAMENT Published in MONITORUL OFICIAL NR. 286 of 11 December 1995, the Parliament of Romania adopts this law.


The sole article approving Ordinance No. 13/1995 on some measures for accelerating the process of restructuring public corporations and companies with majority state capital, strengthening financial discipline and improvement of the economy, disbursements issued pursuant to art. and (b). b) of law No. 1/1995 on empowering the Government to issue decrees and published in the Official Gazette of Romania, part I, no. 26 of February 3, 1995, with the following amendments and additions: a) article 9 3 shall read as follows: "If the parties cannot negotiate an agreement finalized on reconciliation within the period prescribed in the preceding paragraph, the Ministry of finance together with the Council for coordination, strategy and Economic Reform for the autonomous administrations, and the State property Fund along with Private Property Fund which is arondata company and Agency for restructuring , for companies with majority state capital, will assist the parties to resolve the divergence within a period of 15 days after the expiry of the period referred to in paragraph 1. 2 of this article. "

(b) article 13 paragraph 1) shall read as follows: Art. 13.-at the request of the economic operators referred to in article 1. 2, commercial banks with majority state capital will discuss rescheduling loans outstanding as at 31 December 1994, and also loans due from the date thereof, for a period not exceeding 3 years, up to a one-year grace period. "
This law was adopted by the Senate at its meeting on 27 November 1995, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. SENATE CHAIRMAN ION SADANI this law was adopted by the Chamber of deputies at its meeting on 27 November 1995, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. GILBERT CHAMBER of DEPUTIES PRESIDENT R — — — — — — — — — — — — — — — — — — — —