Maravela & Asociatii
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Last year the Data Retention Law was declared unconstitutional as it violated the right to privacy. A legal framework for data protection is in place.
Expansion expected in the next 18 months due to large transnational deals and several IPOs.
Romania has adopted a new insolvency law detailing procedures for companies, credit institutions and insurance companies, and includes cross-border insolvency proceedings.
Maravela’s newsletter sets out the main amendments and news pertaining to enactments and case law for Romania, September – October 2014. Contents: Agriculture Competition Energy and natural resources Regulatory and compliance Tax Click on the link below to read the rest of the Maravela briefing.
The Romanian real-estate market shows signs of recovery, especially due to the increased number of office projects and transactions with agricultural lands.