New changes impacting the leasing legislation

Law no. 83/2021 amending and supplementing Government Ordinance no. 51/1997 on the leasing operations and the leasing companies was published on April 16, 2021 in the Official Gazette no. 401, Part I. Importantly, the provisions of Law no. 83/2021 may only be applied for leasing agreements concluded after its entry into force.

Related briefings

Electronic surveillance for the purpose of enforcing freedom restricting sanctions

Recently, Law no. 146/2021 regarding electronic surveillance within judicial and executional criminal proceedings was published in the Official Gazette of Romania, for the first time regulating the use of electronic monitoring devices in Romania. As a result, the Informatic System for Electronic Surveillance will be initiated and run a pilot program between March 1, 2022, and December 31, 2025.

CJEU delivers judgement in VG Bild-Kunst v Stiftung Preußischer Kulturbesitz, adding to the jurisprudence on web linking

On March 9, 2021, the CJEU delivered its judgement in the case VG Bild-Kunst v Stiftung Preußischer Kulturbesitz. We have previously analysed the opinion of the Advocate General Maciej Szpunar, mentioning that it will be interesting to see whether the CJEU will follow the reasoning of the Advocate General or whether it will stay faithful to the principles already established in its previous jurisprudence.

Romanian draft law on 5G technology under strong criticism from both public authorities and private stakeholders

The Draft law on the adoption of certain measures concerning informatic and communications infrastructures of national interest and the conditions for deployment of 5G networks initiated by the former Ministry of Transportation, Infrastructure and Communications has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

Latest Briefings

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?

Recommended

Dechert to make cuts after City secretarial review

Dechert has kicked off a voluntary redundancy scheme in its London office, as part of a wider restructuring of the secretarial function. The US firm is reviewing its secretarial support arm in the City and plans to turn the function into a hub model that will entail a set of specialist skills for its employees. […]

Solicitors Regulation Authority

SRA sanctions Addleshaws trainee and Clydes consultant for drink driving

A trainee solicitor at Addleshaw Goddard and a consultant at Clyde & Co have both been investigated by the Solicitors Regulation Authority (SRA) for separate drink driving offences. The Addleshaw Goddard trainee and consultant Nuno Frota are the individuals concerned, with the former given a rebuke by the SRA while the latter faces a £1,500 […]

Osborne Clarke hands out 5 per cent profit share to staff

Osborne Clarke is giving staff a five per cent profit share and an extra set of holidays, in a series of post-pandemic reward measures. The firm will hand out a profit share based on employees’ annual salaries, with a minimum payment of £1,500, that will be pro-rated for part-time employees. According to the firm’s last […]

High Court

Court of Appeal orders retrial after “inexcusable” wait for judgment

A retrial has been ordered in a case involving Natwest’s investment banking arm, after it took 19 months for the judgment to be handed down. In Natwest Markets and Another v Bilta (UK) and Ors, Court of Appeal judges criticised the wait and said a “delay of the magnitude in the present case, whatever the explanation may […]

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