# 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 (31)

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

Taking into account the provisions of the insolvency law, notably its articles 121 and 123, the following cash waterfall has been modelled in the liquidation scenario: the proceeds from the secured assets (see item [A] in the following chart) are distributed as a priority to the secured creditors, after payment of the related procedural costs ([C]).

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Source: https://www.legislation.gov.uk/eudn/2019/1144/annex/TECHNICAL/division/3/division/2/division/31 (the official version)
Page: https://openlegislation.uk/eu-decision-2019-1144/annex-TECHNICAL/division-3/division-2/division-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.