Newsletter

On an active merger and acquisitions market, as it has been in Romania in recent years, investors have always sought advantageous, innovative and “nonconformist” transaction structures in order to transpose as closely as possible the intended medium or long term investment plan. With the opening of the market and the infusion of foreign capital into the local economy, not only services, products or business models were imported, but also new concepts and legal structures reflecting the progress of the market

This issue of our monthly newsletter provides you with a brief description of some of the most recent legal amendments in the following areas: Corporate, Data Protection, Employment, Energy, Litigation & Arbitration, Public Procurement, Real Estate

The High Court of Cassation and Justice has received a referral for a preliminary ruling in order to resolve the following matter of law: “The provisions of art. 1473of the Tax Code may be interpreted as meaning that, although it was established by a final decision that a tax receivable cannot be claimed in the insolvency procedure governed by Law no. 85/2006 as a result of its late submission

After the end of 2017 brought us a number of important changes in the field of public procurement, intended, according to the legislator’s motivation, to perfect and streamline the public procurement system, and to reform the ex ante control function of the award of public procurement contracts/framework agreements, sectorial contracts/framework agreements and works concession and service concession contracts, in May 2018, the Romanian legislature amends and supplements the normative acts

Although May 25, 2018 – the date of effective enforcement of Regulation no. 679 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (hereinafter “the Regulation” or “GDPR”) – is approaching very fast, the question “Are you ready for GDPR?” still creates confusion, in certain circumstances, regarding the new regulation on the protection of personal data brought by GDPR and its applicability.