# Commission Decision (EU) 2019/1144 of 17 December 2018 on the State aid SA.36086 (2016/C) (ex 2016/NN) implemented by Romania for Oltchim SA (notified under document C(2018) 8592) (Only the Romanian version is authentic) (Text with EEA relevance), Division (21)

Extent: E+W+S+N.I.

In both procedures, UNPIR costs of 2 % of the proceeds were assumed to be deducted, in accordance with R/BDO's statement in the Reorganisation plan's report (page 96). 4 % of administrator fees were also deducted from the proceeds based on Romania's submission dated 16 May 2018. Also, EUR 12 million of security costs (calculated based on R/BDO's submission on a pro rata basis for the 18 months of expected liquidation duration) — necessary to the preservation of the assets — were also allocated between secured and unencumbered assets based on Articles 121 and 123 of the insolvency law concerning the liquidation procedure.

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Source: https://www.legislation.gov.uk/eudn/2019/1144/annex/TECHNICAL/division/2/division/21 (the official version)
Page: https://openlegislation.uk/eu-decision-2019-1144/annex-TECHNICAL/division-2/division-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.