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Inefficiency Or Uselessness? The Practical Avatar Of Regulating The Preventive Concordat And The Ad Hoc Mandate

Author

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  • Paul POPOVICI

    (PhD Associate Professor, "Dimitrie Cantemir" Christian University, Law Faculty of Cluj-Napoca, ROMANIA.)

Abstract

The present paper deals with the notions of efficiency and efficacy in the field of commercial law, especially in insolvency law. The author proves that the effectiveness of a commercial law mustn’t merely state that this norm is indeed made use of in practice, when there are no other alternative ways. The very small number of trials on the preventive concordat and the ad hoc mandate shows that its Act is inefficient, not useless.

Suggested Citation

  • Paul POPOVICI, 2013. "Inefficiency Or Uselessness? The Practical Avatar Of Regulating The Preventive Concordat And The Ad Hoc Mandate," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 53, pages 141-144, June.
    • Handle: RePEc:pmu:cjurid:v:53:y:2013:p:141-144
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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/curentul_juridic/rcj13/recjurid132_12F.pdf
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    More about this item

    Keywords

    insolvency; preventive concordat; ad hoc mandate; efficiency; inefficiency; uselessness;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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