Flat taxes for hotels, bars and restaurants in Romania

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Infrastructure Legislative Changes

By Alina Popescu, Alexandra Rîmbu On September 18, 2018 the Government Emergency Ordinance no. 84 of September 13, 2018 for the amendment of certain enactments in the constructions area (the “GEO”) has been published in the Official Gazette of Romania no. 795. The GEO is aimed at enabling the hand-over and commissioning of the lots, sections, sectors […]

Romania: new non-reimbursable funding for investments procedure

By Alina Popescu, Răzvan Pele On July 30, the Romanian Ministry of Finance issued an order launching the procedure whereby investors may obtain non-reimbursable funding for investments made in Romania. The funding is regulated by Government Decision no. 807/2014 on the setting up of a State aid scheme having as object the stimulation of investments with significant […]

Overview of technology laws and regulations in Romania

By Alina Popescu, Irina Radu, Sonia Fedorovici This country-specific Q&A provides an overview to technology laws and regulations that may occur in the Romania. It will cover communications networks and their operators, databases and software, data protection, AI, cybersecurity as well as the author’s view on planned future reforms of the merger control regime.

Share capital rise by board of Romanian joint-stock firms can be challenged

By Daniel Alexie Law no. 31/1990 on companies (the „Companies Law”) provides three powers that the Extraordinary General Assembly of Shareholders of Romanian joint-stock companies can delegate to the company’s Board of Directors or Management Board as follows: (i) changing the company’s registered office; (ii) changing the company’s business object; (iii) increasing the company’s share capital. Until […]

New provisions concerning critical infrastructure in Romania

By Irina Radu One of the major objectives of the EU is reducing the vulnerabilities of critical infrastructure and increasing their resilience. An adequate level of protection must be ensured and the harmful effects of disruptions on the society and citizens must be limited as far as possible. Critical infrastructures extend across many sectors of the […]

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By Bridget Dolan QC R (Allman) v HM Senior Coroner for Liverpool and Wirral The short and desperately tragic life of Alfie Evans, and his parents’ heart-rending fight to have him transferred to Rome for continuation of his life sustaining treatment, has recently been fully played out in the public arena. The public hearings in the […]

Implications of a ‘no Brexit deal’ on business structuring, accounting and audit

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Mortgage portfolio transfers – How a stitch in time saves nine

By Abigail Hadfield Inadvertently failing to transfer the legal title to even a handful of mortgages following a portfolio acquisition can be a costly mistake. The secondary market in residential mortgage books is thriving, and purchasers are increasingly being caught out by this apparently simple issue. In the majority of cases, a suitably-worded power of […]

Governing law and jurisdiction clause in contracts

By Gordon Bell, Tom Price, David Lowe Governing law and jurisdiction or dispute clauses are two distinct things. Governing law is the substantive law of the contract and dispute resolution clauses are the clauses that tell you where and how your dispute is going to be resolved. They are very different. One does not imply the other and […]

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