Bank loan agreement and addendum hereto. Declaration of enforcement. Objection to enforcement
DREPT CIVIL ŞI PROCESUAL CIVIL
Abstract
When an addendum (or having any other name) to the initial bank loan agreement comprises provisions concerning the debt, the declaration of its enforcement is necessary.
An addendum, by which certain provisions of the initial agreement are amended shall be a stand-alone civil legal document and not accessory to the initial agreement, to this end being also the provisions of Article 102 of Law no. 71/2011 according to which „the
agreement is subject to the provisions of the applicable law upon its conclusion as regards its conclusion, interpretation, effects, performance and termination”.