{
  "url": "https://openlegislation.uk/eu-decision-2019-1144/annex-TECHNICAL/division-4/division-3/division-52",
  "json_url": "https://openlegislation.uk/eu-decision-2019-1144/annex-TECHNICAL/division-4/division-3/division-52.json",
  "legislation": "eudn/2019/1144",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2019-1144",
  "path": "annex/TECHNICAL/division/4/division/3/division/52",
  "kind": "division",
  "number": "(52)",
  "heading": null,
  "text": "Even when comparing scenarios where expected proceeds were equal to zero in both liquidation and reorganisation, a MEO would have favoured the liquidation as the reorganisation to avoid the certain further accumulation of current debt in a context of the uncertain generation of sufficient new revenues in the Plan. Such a behaviour would have been consistent with DGFP Craiova's one during the creditors assembly in August 2016 who was mentioned its opposition to the prolongation of the reorganisation period at that time to avoid an increase in current debts, according to PCC submission, which proved that irrespective of the fact that DGFP Craiova belonged to both secured and budgetary creditors, the risk of deviation of the current debt during the Reorganisation period was assessed as real.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2019/1144/annex/TECHNICAL/division/4/division/3/division/52",
    "retrieved_at": "2026-11-01T15:12:39.012123+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}