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Law No. 177 Of 11 April 2001

Original Language Title:  LEGE nr. 177 din 11 aprilie 2001

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LEGE no. 177 177 of 11 April 2001 on approval Government Emergency Ordinance no. 131/2000 for the regulation of the patrimonial situation of the Romanian Commercial Bank-S.A. in the disputes arising from the activity carried out by the Romanian Foreign Trade Bank-Bancorex-S.A. until the date of its deletion from the trade register
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 189 189 of 13 April 2001



The Romanian Parliament adopts this law + Article UNIC Approval Government Emergency Ordinance no. 131 131 of 30 June 2000 for the regulation of the patrimonial situation of the Romanian Commercial Bank-S.A. in the disputes arising from the activity carried out by the Romanian Foreign Trade Bank-Bancorex-S.A. until the date of its deletion from the commercial register, published in Official Gazette of Romania, Part I, no. 313 of 6 July 2000, with the following amendments: 1. In Article 4, paragraph 2 shall read as follows: " If the Romanian Commercial Bank-S.A. will be exonerated, partially or totally, by final and irrevocable court decisions, by the obligation to pay in these disputes, it is obliged to communicate immediately to the Ministry of Finance Public the value of the rejected claims, value that will be the basis for the corresponding cancellation of the letters of guarantee issued for this purpose. " 2. Article 5 shall read as follows: "" Art. 5. -The Romanian Commercial Bank-S.A. bears the full responsibility regarding the reality and correctness of the data and amounts communicated to be included in the Government's decision provided in art. 1 1 para. 2 2 of this Emergency Ordinance. " This law was adopted by the Chamber of Deputies at its meeting on February 8, 2001, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. ROOM PRESIDENT DEPUTIES VALER DORNEANU This law was adopted by the Senate at its meeting on March 12, 2001, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT, ALEXANDRU ATHANASIU -----------