Romania: Bidders from several countries will be excluded from public procurement tenders

Under recent amendments to the public procurement legislation introduced by Government Emergency Ordinance No. 25/2021, contracting authorities/entities will exclude from tenders any natural or legal person from non-EU countries or from states that have not concluded commercial or pre-accession agreements with the European Union.

Related briefings

Renew Romania 2021

A roadmap for investors and developers who are interested in entering the Romanian renewable energy markets, and for existing market players, insights on how to further streamline the setup, operation and financing of their investments in this sector.

Safety through bankruptcy?

Claims by segregation creditors are limited overall to the value of the respective security at the time of the confirmation of a restructuring plan. In its current decision 17 Ob 12 / 20v, the Supreme Court thus deviated from its previous case law.

Austria: Supreme Court rules on long-term gas supply contracts

On 25 January 2021 the Supreme Court issued a decision on long-term contracts for the import of Russian natural gas into Austria (16 Ok 3/20g). The contracts had been concluded in 2006 for the supply of unstructured natural gas. All of the contracts expired on 31 December 2027. At the time of their conclusion, such long-term commitments were common for contracts between natural gas producers and importers or wholesalers throughout Europe. The contracts contained an obligation for customers to purchase 83% of the contract volume (at least in the medium term), even if this amount was not actually taken (take-or-pay clause). In 2011 one of the buyers was granted an early termination right.

Let the NFT self-experiment begin!

Non-fungible tokens (NFTs) aren’t new, in fact they’ve been around for years. However, it took the auction of an NFT linked to an image by Christie’s Auction House and the fall of the hammer at a spectacular USD 69 million to create worldwide attention and interest in NFTs.

Latest Briefings

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.

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Paul Hastings’ London revenue hits $108m as growth slows

Profits per partner at Paul Hastings have skyrocketed over the past year, reflecting similar results posted by its US peers. The figures went up by 14 per cent from $3.4m to $3.9m, with revenue per lawyer rising by 4 per cent to $1.38m. The revenue of the London office inched up by one per cent […]

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The Lawyer Pub and Restaurant Guide

As we gear up for a return to the workplace, help us show some love to the hard-pressed hospitality industry by nominating your favourite eat-and-drinkeries.

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Clifford Chance enters City redundancy consultation

Clifford Chance is to run a redundancy scheme in London, in a move affecting a number of its support functions. The firm will offer a mix of voluntary and compulsory redundancies between now and June across its legal support secretary, document production and mail room groups in London. Around 44 to 73 roles are likely […]

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UK litigation funding market hits £2bn milestone

Assets for the UK’s litigation funding market hit £2bn for the first time in 2020, representing a 100 per cent increase on the amount that was recorded three years prior. This milestone is highlighted in data analysis from RPC that was extracted by looking at the financials of the UK’s 15 biggest funders. That includes […]

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