Romania – long-awaited simplification for the corporate and business environment

After a long and drawn out legislative process commenced in 2017, Law no. 102/2020 amending and supplementing the Companies Law no. 31/1990 (“Law 102/2020”) has finally entered into force on July 5, 2020, setting in place major changes to the corporate regulatory framework.

Related briefings

The Romanian draft law on the authorisation of 5G technology manufacturers and its effects on competition: a challenge for mobile operators and competition regulators

A draft law on measures relating to information and communication infrastructures of national interest and the conditions for the implementation of 5G networks (the “Draft Law”) was launched on August 4, 2020 for public consultation by the Ministry of Transportation, Infrastructure and Communications and slightly revised on September 2, 2020.

An overview of water law recent updates in Romania

The slow and lengthy process of completing the cadastral works and real estate publicity seems to affect not only the private property, but also the public one. In this context where the lands are not delimited and registered with the national Land Book Registry (“Land Book”), both the private investments and the projects of public […]

Romania – privatisation on hold

In May 2020, a group of Romanian senators proposed a legal enactment to prohibit the sale of shares owned by the Romanian state for a two-year period.

Copyright protection granted to computer programs

Since the legislation offers no definition of a computer program, copyright protection of computer programs was subject to many studies and case-law, both on national and on international level. This article discusses the defining elements of the computer program, such as they have emerged from the legal literature and judicial practice, the difference between configuration and customization of computer programs, as well as the case-law generated by the confusion of these notions.

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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new york

Freshfields nabs Willkie Farr litigator in NY push

Freshfields Bruckhaus Deringer is pushing ahead with its US strategy, this time bringing in the head of Willkie Farr & Gallagher’s business and corporate litigation group. Mary Eaton will become part of its New York office, joining as co-chief of its securities and shareholder litigation practice with existing head Meredith Kotler, who joined the firm […]

Downing Street

Revealed: the legal fees racked up by the UK Government

The Government Legal Department (GLD) spent £11.8m on external law firms and counsel in the first five months of the year, according to a Freedom of Information request submitted by The Lawyer. The GLD confirmed it has used 49 firms in total between the start of 2020 and 22 May, with a large proportion of […]

Ukraine

Four firms lock horns in complex Ukrainian wrangle

Covington & Burling has received a successful outcome in a long-running dispute arising out of Ukraine. The firm and Hogan Lovells were defending a pair of oligarchs in a dispute brought by Quinn Emanuel Urquhart & Sullivan’s client Avonwick Holdings, in a case that featured in The Lawyer’s Top 20 cases 2019.  British Virgin Islands-based […]

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