Mariana GARBAN - B.A.A.R.

1. The experience accumulated by the Romanian Bureau following the bankruptcy of two of its members in 2002 9th Meeting of the South-East European Group National Bureaux Mariana GARBAN - B.A.A.R.

2. 2000 – 2002 difficult situation for the Romanian Bureau Grup AS and Metropol incapacity of payment banckruptcy B.A.A.R.= 10 members The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol

3. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol The main cause of the bankruptcy: selling Green Card at very small tariffs (for ex.: 6-8$ / 15 days / car)

4. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Measures taken by B.A.A.R.: 1. imposing a plan to bring the situation back to normal 2. the suspension of quality of members + withdrawal the authorization to practice Green Card (15.11.2001)

5. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol 3. The establishment of the Green Card Common Fund - initial contribution = 225.000 Euro/company regardless of the financial power - monthly contribution = a maximum of 6% from the cashed gross premium for Green Card

6. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Lack of claim files = A major problem Grup AS and Metropol refused to collaborate with our Bureau. Comprehension from the National Bureaux

7. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol 4. Reimbursement protocols were signed and fulfilled with the Bureaux from Italy, Greece, Germany, Hungary

8. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Outstanding debts of Grup AS + Metropol = 2 mil. Euro (15.11.2001)

9. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Payments in the period 2002 - 2008 1.352 claim files in value of 5.009.546 Euros

10. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol

11. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Current claim reserve = 1.500.000 Euro

12. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol The re-organization of B.A.A.R.: - collecting necessary documentation (visits to the Bureaux from Belgium, Czech Republic, Germany, Italy, Hungary and correspondence with other Bureaux); - elaboration and approval of the new Constitution; - the elaboration and approval of the chart of B.A.A.R.; - the internal organization (change of location, hiring, elaboration of the internal regulations, etc.);

13. Content The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Mariana GARBAN – B.A.A.R.

14. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Thank you for your attention!