Administrator’s Personal (Financial) Liability in Insolvency: Recent Court of Appeal Decision
Facts of the Case In a recent insolvency proceeding, the judicial liquidator sought to hold the administrator financially liable for the entire outstanding liability exceeding 400,000 lei, relying on Article 169(1)(a), (d), and (e) of Law 85/2014. The syndic judge granted the claim only partially, obliging the defendant to pay over 100,000 lei, covering: On …