Romania – real estate ownership rules

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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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Blockchain and Cryptocurrency Regulation 2019

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Mongolia – Trademark Protection

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Kazakhstan – Agricultural business and opportunities for Islamic finance

By Shaimerden Chikanayev Agriculture is one of the most attractive sectors of Kazakhstan’s economy. Kazakhstan has approximately 24 million hectares of arable land and 188 million hectares of pasture. More than 74% of the country’s territory is suitable for agricultural production. More than 42% of Kazakhstan’s population live in the countryside and about 20% of all […]

Dutch tax regime: confirmation of EU ‘per-element approach’

The Supreme Court rendered its judgement in two cases regarding the “per-element approach” to the Dutch tax consolidation regime (fiscal unity). The cases concern: a Dutch interest deduction limitation rule, and; the (non-)deductibility of currency losses on certain participations. On 8 July 2016, the Supreme Court raised preliminary questions to the Court of Justice of the […]

Brazilian democracy and election changes

By Ricardo Junqueiro Getúlio Vargas once said that Brazil fears nothing in the present, prides itself on the past and relies serenely on the future. It is very doubtful that the phrase maintains any type of actuality in the days that run. Neither does the present allow us to dispel fears (on the contrary). Not even the […]

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