Law No. 103 Of 11 June 1999

Original Language Title:  LEGE nr. 103 din 11 iunie 1999

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Law No. 103 of 11 June 1999 on approval of the Emergency Ordinance of Government No. 52/1998 on the amendment of the Government Emergency Ordinance nr. 9/1997 concerning certain protective measures for people whose individual contracts of employment shall be disposed of as a result of layoff by applying programmes of privatisation, restructuring, liquidation, approved and amended by law No. 108/1997 PARLIAMENT published in ISSUING the OFFICIAL GAZETTE nr. 273 of 16 June 1999, the Romanian Parliament adopts this law.


Article 1 shall approve the Emergency Ordinance of Government No. 52 of 22 December 1998 on the amendment of the Government Emergency Ordinance nr. 9/1997 concerning certain protective measures for people whose individual contracts of employment shall be disposed of as a result of layoff by applying programmes of privatisation, restructuring, liquidation, approved and amended by law No. 108/1997 and published in the Official Gazette of Romania, part I, no. 496 of 22 December 1998, with the following amendments: 1. In article I, section 2, article 1 (1) shall read as follows: ART. 1.-(1) Employees of companies in which the State owns at least a third of the total voting rights in the general meeting, the company established with the opinion of the State property Fund, to which the majority belongs to the capital of companies with majority state capital as well as autonomous public corporations which recorded losses and arrears, whose individual contracts of employment shall be disposed of as a result of layoffs in the process of restructuring, privatization, liquidation, protection measures provided for in this emergency Ordinance. "
2. In article I, paragraph 4, subparagraph (C) of article 3 shall read as follows: "In case of privatization of companies: a) date of conclusion of contract of sale and purchase of companies that are privatising, whether it includes clauses relating to staff layoff staff or, where appropriate, other deadlines laid down in the contract for staff layoff, whether they are made in stages;
  

(b) date of report results) public offer for sale of securities, whether it contains information relating to staff layoff and if the percentage of securities sold of all securities offered to the public is at least 33.3%. "
  

3. In article I, section 4, paragraph D of article 3 shall be inserted in point c) with the following contents: "(c)) date of issue or the date of the Allied repatriation decision taken by the liquidator for the crew on the ships on international voyages or under arrest, seizure, restraint or damage in foreign ports, in the case of companies or national transport companies or boat that validated the judiciary under the conditions referred to in points. b), including those in respect of which an order for judicial liquidation has been pronounced before entry into force of this emergency Ordinance. "
4. In article I, paragraph 11, after paragraph 5 of article 19 is inserted (5 ^ 1) with the following contents: "(5 ^ 1) are exempt from the provisions of paragraph 1. (5) the recipients of compensatory payments that are part of the staff needed to carry out the liquidation process according to law No. 64/1995. "
5. In article I, section 17, article 24 (1) (a)) shall read as follows: "it's a relief) for two years from the payment of income tax for those who set up businesses, and tax on income for those who are authorised to carry on economic activities on the basis of free enterprise as individuals or as family associations. This provision also benefit those made redundant during the year 1998. "


Article 2 the Government's Emergency Ordinance No. 9/97, published in the Official Gazette of Romania, part I, no. 64 of 15 April 1997, as amended and supplemented, including those brought by this law, will be republished in the Official Gazette of Romania, part I, posing a new texts.
This law was adopted by the Senate at its meeting of 31 May 1999, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. PRESIDENT of the SENATE, DANIELS T this law was adopted by the Chamber of deputies at its meeting on 1 June 1999, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. CHAMBER of DEPUTIES PRESIDENT, PAULA IVANESCU — — — — — — — — — — — — —