Court rejects Bucharest public transport operator STB’s insolvency request
The Bucharest Tribunal on Tuesday, August 18, rejected public transport operator STB’s request to enter insolvency proceedings because the company did not submit all the documents required by law. Mayor Ciprian Ciucu called the decision…
Irina Marica · Journalist
· Updated · 2 min read
The Bucharest Tribunal on Tuesday, August 18, rejected public transport operator STB’s request to enter insolvency proceedings because the company did not submit all the documents required by law. Mayor Ciprian Ciucu called the decision “unexpected” and said he hoped the company would appeal.
The case was registered last Thursday and resolved at its first hearing on Tuesday. The tribunal said STB’s application was rejected because the company, acting as the debtor, had failed to submit all the documents required under Romania’s insolvency law, Agerpres reported.
