In the shadow of the highly publicized ordinance on “The tax on banks’ greed” (officially the tax on the assets of banking institutions according to Emergency Ordinance No. 114/2018 regarding the establishment of measures in the field of public investments and fiscal-budgetary measures, on amending an supplementing certain acts and the extension of some deadlines), the end of 2018 brought another surprise for the banking system, partly foreseen but with the hope that it would eventually not happen, or at least not too soon.
After having been lost through committees and other parliamentary procedures, on December 18, 2018, these legislative initiatives, having a major, toxic impact on the financial and banking sector, were surprisingly accelerated through the most important commissions for these legislative measures…
Cover article: „Anti-banking laws”. Where from, Why, and Where to? by Dumitru Rusu – Partner, Head of Banking and Finance practice
Legal Changes of December 2018
Voicu & Filipescu is a full service law firm, covering all legal areas relevant to your company’s activity. This issue of our monthly newsletter provides you with a brief description of some of the recent legal amendments in
