Maravela Asociații’s competition practice on the rise

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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 […]

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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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Slovenia – Cryptocurrency services to prevent money-laundering

By Anže Skodlar Crypto assets and among them cryptocurrencies, which this article focuses on, have proven themselves as an eminent opportunity in many aspects of the new digital economy, giving birth to new innovative enterprises and enabling exchange of value in a decentralized manner. This is also evident in Slovenia, being a well-known hub of successful […]

Establishment of innovation scientific and technological centres in Russia and other incentives for participants

By Yana Dianova Since August 10, 2017, the Federal Law of July 29, 2017 No. 216-FZ has been in effect in Russia, providing for the legal basis for establishment and operation of innovation scientific and technological centres in order to implement the priorities of the scientific and technological development of the Russian Federation, increase the investment […]

Russia signs application of special economic measures due to unfriendly actions of Ukraine

By Yana Dianova On 22 October 2018, the President of the Russian Federation signed Decree No. 592 “On the application of special economic measures in connection with the unfriendly actions of Ukraine in relation to citizens and legal entities of the Russian Federation”, according to which the federal government bodies, local authorities, organizations and individuals under […]

Can your workplace deal with sexual harassment allegations?

By Paula Rome Although harassment is firmly front and centre in the media it would appear in a large number of workplaces there has been little practical impact. If we now have a newly empowered workforce who are willing to raise issues and employers are not dealing having to deal with issues then some employers […]

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Pinsents growth slows as firm hits £450m mark

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A&O and Linklaters break into US pay battle with associate salary increases

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Clifford Chance overhauls UK corporate group with new leadership roles

Clifford Chance has appointed two new heads of its UK corporate practice to replace Mark Poulton. The corporate practice will now be co-headed by Melissa Fogarty, who specialises in corporate advisory and M&A matters, and Nigel Wellings, a private equity specialist. Wellings was previously head of corporate for two years in the Middle East, where he […]

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Sanctions force Akin Gump to step down in $1bn oligarch case

Akin Gump Strauss Hauer & Feld is to step down from representing oligarch Viktor Vekselberg from September, triggering a search for new legal counsel. The move comes as sanctions imposed by President Trump’s administration continue to have an effect on high-stakes litigation worldwide. It is understood that the firm has been granted a temporary licence by the […]

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