Professional Ethics

Fundamentals

The principles that should be followed by the reorganization and liquidation practitioner’s conduct in professional relationships with others are:

Compliance with legal stipulations

• The members, individuals and legal entities will comply with the legislation applicable to that place where their quality of practitioners in reorganization and liquidation is put to work.
• If a member is in one of the following:
  • is convicted by a final court decision for an economic crime such as: embezzlement, forgery, theft, fraud, tax evasion or, where appropriate, for   attempt, incitement and / or complicity in such a circumstance;
  • was found guilty by a final court decision for breaching the laws of CNVM, the companies and / or banking;
  • was convicted by a final court decision for any offense and therefore is unable to continue to work as practitioner in reorganization and liquidation;
  • recognized that it is guilty of the acts referred to in. a), b) or  c); will immediately bring to the attention of the General Secretariat of UNPRL the situation.
• If they start criminal proceedings against a member of the Union for an accusation related to the exercise of attributions by the practitioner in reorganization and liquidation, he may request the General Secretariat of the National Committee leadership to decide on whether to ensure legal assistance for the Union to the member.

Moral integrity

• UNPRL member will act with honor, fairness and honesty in his business and relationships with other members of the Union.
• By its conduct and quality of work submitted, each member of the Union will contribute to building and maintaining public confidence in the institution of the practitioner in reorganization and liquidation and the viability of proposed solutions by applicable law.

Objectivity in activity, conflicts of interest

• Upon acceptance of appointment as a judicial administrator / liquidator, UNPRL member will remain free from any influence which might affect his professional conduct and objectivity.
• Conflicts of interest will be avoided.
• UNPRL member will not accept to be appointed in a case where they are in a conflict of interest. If the conflict of interest (unexpected express OG 79/99) appears consecutively to the appointment, the member shall immediately notify all interested parties, thus continue working only with their consent.
• UNPRL member is in conflict of interest when accepting the appointment in a file found before a court in which the husband (wife) or a relative or cranberry to grade IV operates as judge, in the commercial department or chairman of that tribunal. In case of members UNPRL as legal entities, the conflict of interest also extends to cases where the person is conflicted partner / shareholder, employee or associate of them, that is not a member of UNPRL.

Independence

• Independence of action in the profession by practicing in reorganization and liquidation should be free to express any interest that may be incompatible with its integrity and objectivity.
• Independence is presumed to have been infringed where UNPRL member, employee, collaborator, his spouse (wife) or relative to grade IV or cranberry are simultaneously or successively in legal relationships likely to influence the lender or lenders that may decide his appointment as judicial manager or liquidator. In case of legal persons, that provision shall extend to cases where the loss of independence is due to a shareholder, employee or collaborator of that legal entity, but not a member of UNPRL.

Professional secrecy

• UNPRL members will observe professional secrecy and confidentiality of information obtained by work undertaken as a practitioner in the reorganization or liquidation, unless it has a legal obligation or is expressly authorized to transmit it.
• Members of the Union will not use professional secrecy that they have acquired in the course of their profession, neither to their own benefit nor to the benefit of third parties.

Professional competency

• Members of the Union will treat their activity with professional competence and will show concern for increasing the professional prestige, showing restraint in engaging work that can not be done in good conditions.

Unfair competition

• UNPRL members will not present incorrect and / or incomplete information /data about themselves and / or their professional capabilities and that are likely to deceive third parties concerned.
• UNPRL members will not pay, directly or indirectly, to any third party a commission, compensation or benefit in order to obtain an appointment in a file.
• UNPRL members will not receive, directly or indirectly from a third party a commission, compensation or benefit for providing advantages conferred by the appointment of the position in a case.

Orientation to partner

Our partner’s satisfaction, whether it is the creditor in insolvency proceedings or beneficiary of advice offered by our company, is the main objective of our professional approach.

To meet our customers' interests, MRL always acts according to the company motto, "build confidence in reliability and quality of customer services”, being in a continual search for the most appropriate solutions to problems assigned by our customers and partners.