Romania

On 17 January 2017, the so-called Prevention Law1 came into force. It aims to correct unlawful behaviour by individuals and companies, without imposing fines.

All the transition periods for operators and owners of buildings and facilities missing a fire security authorisation expired at the end of last year (2017), so that severe penalties are now applicable...

The intensely debated ‘tax revolution' of November 2017, which, among other things, transferred liability to pay social contributions to the employee, had disadvantages for employment relationships...

Romania is currently facing a rising tendency regarding foreign investments, especially in the retail, logistics and production sector.

European Union

A draft legislation laying down measures in relation to the GDPR (the "Draft Law") has just been put forward for discussion in the Romanian Parliament.

Romania

The favourable credit market coupled with attractive interest rates led to a comeback for leveraged loans following the financial crisis.

A company is considered resident if its head office is registered in Romania or has its effective place of management in Romania.

European Union

On March 14, 2018 the Romanian law for implementing measures on EU Regulation no. 2016/679 on the protection of individual rights with regard to the processing of personal data ...

Romania

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.

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.

On 1 January 2018, New Rules of Arbitration entered into force for commercial arbitration proceedings before the Court of International Commercial Arbitration attached to the CCIR...

The regulation of teleworking has been the subject of discussions since 2000, but it was in 2002 that such discussions materialized for the first time through the adoption of the Framework Agreement on Telework...

The number of medical malpractice litigation cases in Romania is growing exponentially. It is a phenomenon that directly involves insurance companies ...

The Romanian Government has recently approved a draft law on mining activities that is intended to replace the existing law, enacted in 2003.

Companies must screen each processing of personal data and ascertain the party responsible for determining the purposes and means of the processing.

In Romania's largest leveraged buyout and largest retail transaction to date, Dechert lawyers guided private equity buyout investor Mid Europa Partners (MEP) ...

European Union

As of April 2017, fighting online hate speech has been prioritised at EU level further to several terrorist attacks (e.g., in London, Paris, Berlin and Brussels).

Romania

Romania was one of the pioneering countries in the oil and gas sector. The recent commercial discoveries gave an impetus to investment in this sector.

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.

Law 18/2017 states that termination may occur either by mutual consent or unilateral termination.