Temporary registration of legal entities having the nationality of another EU member state as insolvency practitioner*
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According to art. 24 para. (1), (2) and (4) of GEO no. 86/2006 regarding the organization and exercise of the profession of insolvency practitioner, approved by Law no. 254/2004, with subsequent amendments and completions, natural or legal persons having the nationality of a member state of the European Union or a state belonging to the European Economic Area, including the Swiss Confederation, may acquire the status of insolvency practitioner in accordance with the provisions of GEO no. 86/2006, under the same conditions as Romanian legal entities, under the following conditions:
Under the conditions of art. 24 para. (7) of GEO no. 86/2006, legal persons established in a member state of the European Union or the European Economic Area where they legally practice the activity of insolvency practitioner may register in the UNPIR Table, in order to practice their profession temporarily or occasionally in Romania, under the conditions of this emergency ordinance, automatically recognizing the status of insolvency practitioner acquired in the country of origin.
The temporary exercise of the activity consists of carrying out the activity for a limited period of time which must be indicated by the applicant. Occasional exercise represents carrying out the activity of insolvency practitioner for a single debtor from the opening of the proceedings until their closure.
All UNPIR members, insolvency practitioners, natural or legal persons, are included in the Professional Register, available at the following link: https://www.unpir.ro/tablou
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According to Art. 32 of GEO 86/2006 regarding the organization of the activity of insolvency practitioners: The decisions of the governing bodies of UNPIR rejecting the applications submitted according to art. 30 para. (2), as well as the applications for registration for the exam to obtain the status of practitioner must be properly motivated and may be challenged in the competent judicial court, in accordance with the procedure provided by the Administrative Litigation Law no. 554/2004, with subsequent amendments and additions.
*Competent entities
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