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Tuca Zbarcea & Asociatii
None of this sounds very different from the headlines of previous years, reflecting a process started by the European regulatory bodies in 2012, in response to the financial crisis.
Dechert LLP
In Romania's largest leveraged buyout and largest retail transaction to date, Dechert lawyers guided private equity buyout investor Mid Europa Partners (MEP) ...
Volciuc-Ionescu SCA
The Romanian Government has recently adopted a new regulation for reception of construction works, which will enter into force on 29 July 2017 and will replace the former regulation from 1994.
Volciuc-Ionescu SCA
Earlier this year, the Romanian Regulatory Authority for Energy ("ANRE") adopted the Order No. 12/2015 approving a new Regulation for granting authorizations and licenses in the electricity field.
Volciuc-Ionescu SCA
Directive 2014/93/EU amending Council Directive 96/98/EC on marine equipment ("Marine Equipment Directive") was adopted on 18 July 2014.
Volciuc-Ionescu SCA
The highly anticipated new Romanian law on public-private partnership has been finally enacted and will enter into force on 25 December 2016.
Volciuc-Ionescu SCA
Law 18/2017 states that termination may occur either by mutual consent or unilateral termination.
Volciuc-Ionescu SCA
Romania implemented a support system for renewable energy based on green certificates (GCs) granted free of charge to producers of electricity from certain renewable energy sources ...
Volciuc-Ionescu SCA
An absolute novelty under the Romanian legislation, Law no. 151/2015 on insolvency of natural persons ("Personal Insolvency Law") was adopted by the Romanian Parliament back in June 2015.
Volciuc-Ionescu SCA
Trade finance is generally not very developed in Romania, at least by comparison with other EU Member States and developed and emerging markets.
Volciuc-Ionescu SCA
A tax on windfall gains obtained by domestic gas producers as a result of deregulating the sale prices for domestic natural gas was introduced in 2013 by Government Ordinance No. 7/2013 (GO 7/2013), ...
Volciuc-Ionescu SCA
The Decision clearly states that shale gas is covered by the definition of petroleum resources in Article 1(2) of the Petroleum Law, and is exclusive public property of the State.
Volciuc-Ionescu SCA
On 11 June 2015, the Romanian Ministry of Public Finance published the draft law transposing into Romanian legislation the EU Directive 2014/59/EU of the European Parliament and of the Council...
Tuca Zbarcea & Asociatii
The Ministry of Health has adopted a set of rules for quantifying and monitoring the fulfilment of public service obligation.
Tuca Zbarcea & Asociatii
Relatively recently, the RCC released its final report on the second sector inquiry into the Romanian pharma market, while other investigations on the market relating to potential breaches...
Tuca Zbarcea & Asociatii
A hot summer laid on the pharma market, with new political, business or legal issues added to the chronical issues still unsettled and put significant pressure on all market players, ...
Tuca Zbarcea & Asociatii
One particular issue has been legislators' intention to apply certain of the new legal provisions also to existing contracts, concluded prior to the entry into force of the new laws.
Tuca Zbarcea & Asociatii
The favourable credit market coupled with attractive interest rates led to a comeback for leveraged loans following the financial crisis.
Tuca Zbarcea & Asociatii
In one of our previous posts, we pointed out that personal data represents the new fuel powering the digital economy, in a context where modern society is experiencing an unprecedented data boom...
Tuca Zbarcea & Asociatii
Recently, the website of the National Office for the Prevention and Control of Money Laundering (the Office) published a bill on the prevention and control of money laundering and terrorist financing, ...
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Wolf Theiss
In what is a significant step in the promotion of competition law compliance, the Romanian Competition Council ("RCC") released its Compliance Guide ("CG") aimed at assisting all types of companies ...
Nestor Nestor Diculescu Kingston Petersen SCA.
The Romanian Government has recently approved a draft law on mining activities that is intended to replace the existing law, enacted in 2003.
Wolf Theiss
On 22 December 2017, the Romanian Government published in the Romanian Official Gazette no. 1022 the Government Emergency Ordinance no. 107/2017 ("GEO 107/2017"), which provides for significant changes to the procurement laws ...
Buzescu Ca
A company is considered resident if its head office is registered in Romania or has its effective place of management in Romania.
Popovici Nitu Stoica Asociatii
A mandatory VAT split payment system has been recently introduced through Ordinance no. 23/2017, entering into effect on January 1, 2018.
Buzescu Ca
The provisions of the Law no. 677 apply when the data controller (i) is domiciled in Romania, or (ii) uses equipment or means to process personal data located in Romania.
Tuca Zbarcea & Asociatii
The favourable credit market coupled with attractive interest rates led to a comeback for leveraged loans following the financial crisis.
Wolf Theiss
The debates continue and a final draft of this law is expected soon.
Wolf Theiss
The High Court of Justice of Romania established in Decision no.34/2016, published in the Official Monitor no.18 dated 9 January 2017...
TMF Group
Romania is an attractive destination for foreign direct investors due to reduced tax rates and a highly-skilled and affordable workforce.
Wolf Theiss
The large-scale acquisition of farmland in CEE countries has been a highly debated topic for some time.
Tuca Zbarcea & Asociatii
The Romanian State scored a major arbitration victory before the International Center for Settlement of Investment Disputes (ICSID) within the World Bank in Washington. Noble Ventures, Inc. submitted its claim under the bilateral investment treaty between the United States and Romania to arbitration under the ICSID Convention in August 2001. Noble Ventures` claimed as much as USD 353 million in damages from Romania, challenging Romania’s treatment of Noble Ventures and its investment in Combin
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