Liquidation procedures Decision to open bankruptcy proceedings for ‘Societatea CERTASIG – Societate de Asigurare și Reasigurare – S.A.’ (Publication made in accordance with Article 14 of Directive 2001/17/EC of the European Parliament and of the Council on the reorganisation and winding-up of insurance undertakings (Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance)) 2020/C 251/14
Date: 2020-07-31
Institutions: Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission
Subjects: Romania, insurance company, judicial proceedings, liquidation








C_2020251EN.01001901.xml










31.7.2020   


EN


Official Journal of the European Union


C 251/19






Liquidation procedures
Decision to open bankruptcy proceedings for ‘Societatea CERTASIG – Societate de Asigurare și Reasigurare – S.A.’


(Publication made in accordance with Article 14 of Directive 2001/17/EC of the European Parliament and of the Council on the reorganisation and winding-up of insurance undertakings (Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance))


(2020/C 251/14)






Insurance undertaking


‘Societatea CERTASIG – Societate de Asigurare și Reasigurare – SA’ with its registered office in Bucharest, sector 1, str. Nicolae Caramfil No 61B, registered at the Trade Register Office under No J40/9518/11 July 2003, sole registration code 12408250, registered in the Registrar of Insurance under No RA-021 on 10 April 2003




Date, entry into force and nature of decision


20.2.2020 – Decision No 209/20.02.2020 on the withdrawal of the operating licence of ‘Societatea CERTASIG – Societate de Asigurare și Reasigurare – SA’, the declaration of its insolvency and the submission of an application for initiation of bankruptcy proceedings against it;
Interim Ruling of the Court of Bucharest of 29.6.2020 on the initiation of bankruptcy proceedings against the company SAR Certasig SA.




Competent authorities


‘Autoritatea de Supraveghere Financiară’ (ASF) [Financial Supervisory Authority], with its head office at Splaiul Independenței No 15, Sector 5, Bucharest, Romania




Supervisory authority


‘Autoritatea de Supraveghere Financiară’ (ASF) [Financial Supervisory Authority], with its head office at Splaiul Independenței No 15, Sector 5, Bucharest, Romania




Liquidator appointed


Court-appointed liquidator – CITR Filiala Cluj SPRL
Contact details for the court-appointed liquidator – Calea Dorobanților 48, Cluj-Napoca 400000




Applicable law


Romania
Government Emergency Order No 93/2012 on the establishment, organisation and functioning of the Financial Supervisory Authority, approved with amendments by Law No 113/2013, as amended;
Law No 503/2004 on financial recovery, bankruptcy, and voluntary dissolution and winding-up in the insurance business, republished;
Law No 237/2015 on the authorisation and supervision of insurance activities, as amended
Law No 85/2014 on insolvency prevention and insolvency proceedings, as amended.