Law No. 177 Of 11 April 2001

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

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Law No. 177 of 11 April 2001 on the approval of the Emergency Ordinance of Government No. 131/2000 to regulate patrimonial situation of the Romanian commercial bank S.A.-in disputes arising from work done by Romanian Foreign Trade Bank-S.A.-Bancorex until the date of its removal from the register of Commerce published in PARLIAMENT ISSUING the OFFICIAL GAZETTE nr. 189 of 13 April 2001, the Romanian Parliament adopts this law.


The sole article approving Government Emergency Ordinance nr. 131 of 30 June 2000 to regulate patrimonial situation of the Romanian commercial bank S.A.-in disputes arising from work done by Romanian Foreign Trade Bank-S.A.-Bancorex until the date of its removal from the register of Commerce, published in the Official Gazette of Romania, part I, no. 313 of 6 July 2000, with the following modifications: 1. In article 4, paragraph 2 shall read as follows: "where the Romanian commercial bank-S.A. will be exempt, partially or totally, by final and irrevocable judgment, the obligation to pay in these disputes, it is obliged to immediately notify the public finance Ministry rejected claims the value which will be the basis of cancellation corresponding letters of guarantee issued to that end."
2. Article 5 shall read as follows: Art. 5.-Romanian commercial bank-S.A. carries full responsibility with regard to the reality and accuracy of data and the amounts disclosed for being included in the Government decision as referred to in art. 1 (1). 2 of this emergency Ordinance. "
This law was adopted by the Chamber of deputies at its meeting on 8 February 2001, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES VALER DANNER this law was adopted by the Senate at its meeting on 12 March 2001, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. Senate PRESIDENT ALEXANDRU ATHANASIU-----------