Romanian Legal Week in brief: 24-28 April, 2017

Romanian Legal Week in brief: 24-28 April, 2017

Amendments on the eligibility rules for expenditure under the Internal Security Fund and the Asylum Fund. Draft On Monday, the 24th of April 2017, the Ministry of Internal Affairs launched in public debate the draft of the Order of … Read the rest more…
Alexandru Reff takes over from Ahmed Hassan as Country Managing Partner for Deloitte Romania

Alexandru Reff takes over from Ahmed Hassan as Country Managing Partner for Deloitte Romania

Bucharest, April 27, 2017. Alexandru Reff has been appointed Country Managing Partner Deloitte Romania and Moldova, effective June 1st, 2017. He will succeed Ahmed Hassan, who takes on a regional leadership position. Alexandru Reff is an attorney at law, founder … Read the rest more…
Romanian Legal Week in brief: April 17-23, 2017

Romanian Legal Week in brief: April 17-23, 2017

Amendment of the Criminal Code and of the Criminal Procedure Code. Draft On Wednesday, the 19th of April 2017, the Ministry of Justice has launched in public debate the draft of law for the amendment and completion of the … Read the rest more…
Half of the business executives want that the internal audit function play a more important role in the organizations, says PwC

Half of the business executives want that the internal audit function play a more important role in the organizations, says PwC

The 13th annual edition of the State of the Internal Audit Profession study finds that half of the business executives[1] surveyed want that the internal audit function play a more important role in the organizations, because this function … Read the rest more…
Reff & Associates in Legal 500 rankings with six practice areas

Reff & Associates in Legal 500 rankings with six practice areas

The firm preserves its position at the top of the legal profession in practice areas such as real estate, banking and capital markets, M&A, PPP and public procurement This year’s rankings acknowledge Reff & Associates’ performance in employment law and … Read the rest more…
Romanian Legal Week in brief: April 10-16, 2017

Romanian Legal Week in brief: April 10-16, 2017

NAFA. Reunion regarding collecting increase measures and voluntary confirmation On Monday, the 10th of April 2017, the National Authority of Public Finances stated that, at the end of this week, Bogdan-Nicolae Stan, NAFA’s president, is bound to present the … Read the rest more…
Payments in the Online Gambling field in Romania – Class II license for the Payment Services Providers

Payments in the Online Gambling field in Romania – Class II license for the Payment Services Providers

In Romania, the organization and operation of gambling games is regulated by Government Emergency Ordinance no. 77/2009 (GEO 77/2009) on the organization and exploitation of gambling games and the Government Decision no. 111/2016 approving the Methodological Norms (the … Read the rest more…
Manuela Ciugudean-Toma became the new Marketing and Communication Leader for PwC in South-Eastern Europe

Manuela Ciugudean-Toma became the new Marketing and Communication Leader for PwC in South-Eastern Europe

Manuela Ciugudean-Toma joined PwC and will coordinate the marketing teams in 11 countries in South-Eastern Europe. She will be responsible for developing an integrated PwC marketing and communication strategy throughout the Balkans. “I am happy that Manuela agreed to lead … Read the rest more…
SUCIU POPA assisted ENEL in finalizing the acquisition of 13.6% of E-Distrubuție Muntenia and ENEL Energie Muntenia

SUCIU POPA assisted ENEL in finalizing the acquisition of 13.6% of E-Distrubuție Muntenia and ENEL Energie Muntenia

Suciu Popa assisted Enel Investment Holding B.V. in finalizing the acquisition of 13.6% of the share capital of E-Distributie Muntenia S.A. and Enel Energie Muntenia S.A., which increased Enel’s interest in the two companies to 78%. The acquisition of the … Read the rest more…
Romanian Legal Week in brief: April 3-9, 2017

Romanian Legal Week in brief: April 3-9, 2017

NAFA. Catalogue for services delivered to tax payers On Friday, the 31st of March 2017, the National Agency for Fiscal Administration announced that the Catalogue for services delivered tax payers was published; this document aids the handling of fiscal … Read the rest more…
SUCIU POPA included once again in the annual GAR 100 listing

SUCIU POPA included once again in the annual GAR 100 listing

The Global Arbitration Review has named Suciu Popa to its prestigious list of the world’s top/leading international arbitration firms Global Arbitration Review has launched the 10th of its GAR 100 listing and Suciu Popa is delighted that its International Arbitration … Read the rest more…
Romanian Legal Week: March 27 – April 2, 2017

Romanian Legal Week: March 27 – April 2, 2017

The implementation of the general consolidated budget – January – February 2017 On Monday, the 27th of March 2017, the Ministry of Public Finances reported that the implementation of the general, consolidated budget respective to the first two months … Read the rest more…

Max Planck Lecture Series: The ECtHR and State Responsibility: Moving towards more international law?

Wednesday, 29 March 2017, 16:00 Lecturer: Judge Iulia Motoc (European Court of Human Rights Professor of European and International Law University of Bucharest) Iulia Motoc is Judge at the European Court of Human Rights since December 2013 and Professor of … Read the rest more…
Romanian Legal Week: March 20 – 26, 2017

Romanian Legal Week: March 20 – 26, 2017

Romania will try to relocate the European Medicines Agency at Bucharest On Wednesday, the 22nd of March 2017, during a Government meeting, a Memorandum was in the talks, according to which Romania will candidate for the relocation of the … Read the rest more…
Romanian Legal Week: March 13 – 19, 2017

Romanian Legal Week: March 13 – 19, 2017

European Commission. Romania will participate in the establishment of the European Public Prosecutor’s Office The European Commission announced that the project for establishing the European Public Prosecutor’s Office was approved during the Councils reunion on 9-10 March 2017, … Read the rest more…

Țuca Zbârcea & Asociații Launches a Public Speaking Internship Program Open to Law School Students

Bucharest, March 13th, 2017: The program includes 12 training sessions to take place between March 2017 and February 2018, educating students, in an informal manner, about essential speaking techniques. The Public Speaking Internship. An informal approach covers topics … Read the rest more…
Bondoc si Asociatii further strengthens its energy, IT&C and commercial practices by co-opting Monica Iancu as Partner

Bondoc si Asociatii further strengthens its energy, IT&C and commercial practices by co-opting Monica Iancu as Partner

Monica Iancu has over 14 years of practice, focusing on energy, IT&C, as well as corporate/commercial matters. Lucian Bondoc, Managing Partner of the firm, stated that „Monica is one of the best energy and IT&C/commercial lawyers in the … Read the rest more…
Romanian Legal Week: March 6-12, 2017

Romanian Legal Week: March 6-12, 2017

Amendments on the measures for reducing the seismic risk of the existing buildings. Draft On Monday, the 6th of March 2017, The Ministry for Regional development, Public Administration and European Funds has launched in public debate the draft of … Read the rest more…
Romanian Legal Week: February 27 – March 5, 2017

Romanian Legal Week: February 27 – March 5, 2017

Law regarding the approval of the Emergency Ordinance no. 14/2017 On Friday, the 24th of February 2017, Klaus Iohannis, the President of Romania, signed the following decrees, according to a release by the Presidential Administration: Decree for the promulgation … Read the rest more…
UN Youth Moot Courts 2017

UN Youth Moot Courts 2017

The UN Youth Moot Courts is an academic simulation of the juridical procedures in front of the international Courts, held in English and organized by the UN Youth Association of Romania. Being one of the most important projects of the … Read the rest more…
Romanian Legal Week: February 6-12, 2017

Romanian Legal Week: February 6-12, 2017

Foundation of Consultative Committee in the Field of International Cooperation for development and humanitarian assistance.  Draft Wednesday, on  8th of February 2017, the Ministry of Foreign Affairs has launched in public debate the draft of Decision for the Foundation … Read the rest more…
Deloitte Millennials Survey: In Search for Stability and Full Time Employment

Deloitte Millennials Survey: In Search for Stability and Full Time Employment

Millennials are more interested in the security of their jobs, more concerned about uncertainty arising from conflict and less optimistic about the directions their countries are going, according to Deloitte’s sixth annual Millennial Survey. The study indicates that the … Read the rest more…

Constitutional Court of Romania: law on CHF loan conversion is unconstitutional

Yesterday, 7th of February, the bill of law on conversion of CHF loans was declared unconstitutional by the Constitutional Court of Romania. The bill of law was approved by the Chamber of Deputies on 18th of October 2016 but, on … Read the rest more…
Romanian Legal Week: January 23-29, 2017

Romanian Legal Week: January 23-29, 2017

The National Agency for Fiscal Administration (NAFA) modifies forms regarding Social Insurance Contributions for natural persons On Friday, the 20th of January 2017, the NAFA modified the forms for the ex officio appointment of Social Insurance Contributions for natural … Read the rest more…

The Romanian Judges’ Forum Association ref. the projects of Emergency Government Ordinances concerning the collective pardon and the amendments of the Criminal Code and the Procedural Criminal Code

Observations regarding the projects of Emergency Government Ordinances concerning the collective pardon and the amendments of the Criminal Code and the Procedural Criminal Code. Measures with high risk of reducing the institutional capability to fight against corruption and general criminality … Read the rest more…

Radu și Asociații SPRL | EY Law, the Romanian legal adviser of Vector Watch in a complex cross-border M&A transaction

Fitbit has acquired the assets of the European luxury smartwatch brand, Vector Watch, in a transaction which represents yet another high-profile deal involving Romanian-based technology and a USA Silicon Valley-based acquirer in which serial entrepreneur and investor, Radu Georgescu, and … Read the rest more…
SCHOENHERR Tax Bucharest launches transfer pricing practice

SCHOENHERR Tax Bucharest launches transfer pricing practice

In a BEPS environment where profit transfer between affiliated companies, between or within jurisdictions, is increasingly monitored, on national as well as international levels, our decision to expand our range with transfer pricing advisory services comes naturally. This move meets … Read the rest more…
Romanian Legal Week: November 28 – December 4, 2016

Romanian Legal Week: November 28 – December 4, 2016

International Volunteer Day for Economic and Social Development 2016 The International Volunteer Day for Economic and Social Development 2016 was mandated by the United Nations General Assembly and is held on a yearly basis on December 5. The purpose of … Read the rest more…
Romanian Legal Week: November 21-27, 2016

Romanian Legal Week: November 21-27, 2016

Rules for managing emergency situation | Draft The Interior Ministry has launched for public debate the Order for approving the framework-structure of the regulation for managing emergencies. :: Draft :: Approval report Amendment of the procedure authorizing certain bodies to … Read the rest more…

BONDOC & ASOCIATII by the Side of Mid Europa Partners in Profi’s Acquisition, the Largest Transaction Ever Concluded by a Private Equity Company in Romania and the Largest Retail Deal

According to a press release, Mid Europa Partners, the leading private equity company acting in Central and South-East Europe, has announced today that it has signed an agreement for the acquisition from Polish Enterprise Fund VI of 100% of the … Read the rest more…

PwC lists the top 30 Emerging Market Software companies

With globalisation, successful software companies are no longer limited to the US and Europe. They’re everywhere around the globe. PwC, in conjunction with International Data Corp., has ranked the top 30 software companies in emerging markets and identified some … Read the rest more…

Romanian Legal Week: November 14-18, 2016

EUROSTAT. Statistics in the matter of work Monday, on 14th of November 2016, EUROSTAT has given to the public statistics regarding labour in Europe. In Romania, it has risen the average period of professional activity in the last decade … Read the rest more…

Lawyr.it launches new Open Call for articles

Lawyr.it, the student-powered legal publication focused on Central Eastern Europe, is inviting law students from across Europe to submit creative and innovative articles by December 16, at editors@lawyr.it. If you are presently enrolled in a university (irrespective of … Read the rest more…

New managing associates in the consultancy department of Maravela & Asociaţii

This November, Maravela & Asociații’s leadership structure has been broaden through the promotion of Mihai Buciuman and Daniel Vinerean as managing associates. Mihai Buciuman has over 7 years of legal pratice, previously being part of the consultancy teams of … Read the rest more…

Reff & Associates Banking & Securities Practice Brings Senior Advisor on Board

REFF & ASSOCIATES, the law firm representing the international network of law firms Deloitte Legal in Romania, is pleased to welcome to its banking and securities team experienced attorney Alina Tihan as Senior Managing Associate. An attorney with 17 … Read the rest more…

Radu și Asociatii SPRL | EY Law advising the American group PPG in relation to the acquisition of Deutek, producer of lacquers and paints

Radu și Asociatii SPRL | EY Law assists one of the global leaders in the field of industrial products in relation to its first acquisition on the Romanian market. After a period of assessing the Romanian market, PPG Industries (an … Read the rest more…

Amendments to Romanian legislation on building permits, urban planning and Real Estate registers

The Romanian Law no. 50 of July 29, 1991 on building permits (“Building Permits Law”) as well as Law no. 350 of July 6, 2001 on regional planning (“Planning Law”) have been amended by Law no. … Read the rest more…

Romanian Legal Week: October 31 – November 6, 2016

Dacian Cosmin Dragoș, the new president of the National Council on Ethics in Scientific Research The Ministry of Education and Scientific Research published on 02.11.2016 the Order of the Minister of Education and Scientific Research regarding the approval of the … Read the rest more…

Deloitte Romania Promotes Eight New Directors As Practice Grows

As Deloitte’s Romania practice has continued to grow, the firm has promoted eight new directors covering all service lines: tax, audit, risk advisory, management consulting and financial advisory. “I am delighted to announce the promotion of such a talented group … Read the rest more…

Rise of the robots – good news or bad for business and society?

In 2005 there were less than one million of them. Today there are 1.8 million. And in three years’ time, this will soar to around 2.6 million. Industrial robots are on the march. Technology already plays a major role in … Read the rest more…
Romanian Legal Week: 24-30 October, 2016

Romanian Legal Week: 24-30 October, 2016

The National Health Programs for the years 2015-2016 | Draft The Ministry of Health launched for public debate, on 20 October 2016, the draft of the Government Decision for amending and supplementing G. D. no. 206/2015 on the approval of … Read the rest more…

Affidea Buys Hiperdia Diagnostic Centers

Affidea group, a leading provider of medical imaging and cancer treatment services in Europe, has signed a binding contract for the acquisition of diagnostic centers of Hiperdia (assisted by BONDOC & ASOCIATII) , an important provider of medical … Read the rest more…

CE banks driving for efficiency. Romania’s banking sector is able to support a growing economy

Despite some one-off measures, 2015 was probably the best year for the CE banking sector since the global financial crisis of 2009, according to Banking Outlook report from Deloitte Central Europe. Taking a sector-wide perspective, this was the first year … Read the rest more…

Maravela & Asociaţii supports HOSPICE Casa Speranţei

Starting with this year, Maravela & Asociații acts as honorary patron of HOSPICE Casa Speranței’s Adunații Copăceni socio-medical project. The nongovernmental charity organization HOSPICE Casa Speranței was established in Braşov, in 1992, at the initiative of the British Graham Perolls, … Read the rest more…

Law on taxation of activities in the HoReCa industry is adopted

To whom do the law’s provisions apply? The provisions of Law no. 170/2016 apply to Romanian legal entities that perform activities corresponding to the following CAEN codes: 5510 – “Hotels and other similar accommodation “ 5520 – “Accommodation facilities for … Read the rest more…

Book launch: Arbitration in Romania 27 October 2016, Embassy of Romania in Paris

Arbitration in Romania: A Practitioner’s Guide provides an overview of the Romanian arbitration law and practice and is the first detailed presentation in English of the current legal framework applicable to arbitration and other alternative dispute resolution methods … Read the rest more…

Romanian Legal Week: October 17-23, 2016

HCCJ. Referral in the interest of the law admitted ref. determination of the substantive jurisdiction of the courts / Special Sections By Decision no. 18/2016, HCCJ admitted the referral in the interest of the law brought by the College Board … Read the rest more…

White & Case, BONDOC & ASOCIATII, and CMS Advise on Greenbrier-Astra Rail Joint Venture

White & Case (working with BONDOC & ASOCIATII in Bucharest) and CMS have advised US-listed The Greenbrier Companies, Inc. and Romania-based Astra Rail Management GmbH, respectively, on a joint venture entered into by the two. According to a White & … Read the rest more…

Flat Taxes for Romania’s Hotel, Bar and Restaurant Trade

Romania’s Parliament has enacted (not without much debate) Law no. 170/2016 on activity specific taxes, cracking down on Horeca tax evasion by imposing a new flat tax on bar, restaurant, catering and hotel activities. Starting January 1, 2017, such businesses … Read the rest more…

Romanian Legal Week: October 10-16, 2016

Romanian Ombudsman proceeded ex officio in case of the refusal of hospitalization  for an obese patient On Monday, 10 October 2016, Romanian Ombudsman proceeded ex officio and inquired into the refusal of hospitalization of an obese patient by the doctors … Read the rest more…

PwC wins ‘Audit Innovation of the Year’ at 2016 International Accounting Bulletin Awards

PwC’s revolutionary data-auditing tool, Halo, has been awarded the prestigious International Accounting Bulletin’s ‘Audit Innovation of the Year’. The award recognises organisations that, with a new initiative or innovation in audit, have made a major change in improving audit … Read the rest more…

Accepting an employee to work while the individual employment agreement is suspended represents a civil offense, the High Court of Cassation and Justice ruled

In the future, if following inspections the Territorial Labour Inspectorates state that up to 5 employees are performing work although their individual employment agreements are suspended, they could sanction the employer with a fine ranging from RON 10,000 to RON … Read the rest more…

Romanian Legal Week: September 26 – October 1, 2016

The Competition Council has authorized the acquisition of 78 pharmacies by Sensiblu On September 27, 2016, the Competition Council authorized the transaction through which 78 pharmacies belonging to Sibpharmamed SRL, member of the Polisano group, were acquired by Sensiblu SRL, … Read the rest more…

Bill granting National Authority for Consumer Protection similar sanctioning powers to those of the Competition Council

A bill for amending the National Authority for Consumer Protection’s statute is currently pending before the standing committees of the Senate (hereinafter referred to as the “Bill”). In June 2016, the bill was adopted by the Chamber of Deputies and … Read the rest more…

BONDOC SI ASOCIATII has expanded its team

BONDOC SI ASOCIATII has expanded its team by adding 7 more lawyers who will strengthen the law firm’s M&A, Real Estate and Litigation practices, as follows: Bogdan Bunrau, Managing Counsel, Adelina Cheptanariu, Associate, Andreea Secu, Associate, Razvan Agarici, Junior Associate, … Read the rest more…

The Chamber of Deputies had formally approved on September 20, 2016 the Law for tax on specific activities

The Law regarding the tax on specific activities (such as: activities performed in the area of hotels, restaurants or bars) also known as the “HoReCa” Law, after being sent back for re-examination and subject of several amendments, was adopted in … Read the rest more…

Romanian Legal Week: September 19-25, 2016

Government emergency ordinance regarding the civil auto insurance for the damages caused to the third parties through cars and trams crashes In the Official Journal of Romania Part one, no. 723 from 19th of September has been published the … Read the rest more…

Romanian Legal Week: September 12-18, 2016

CCR. Unsolved civil action in case of cease of criminal law suit as a result of the prescription of criminal liability Tuesday, 13th September 2016, Constitutional Court Plenum debated the constitutional challenge of the disposals of Article 25 Paragraph 5 … Read the rest more…

New regulations on fire safety and civil protection authorizations applicable starting from 1 September 2016

The Order of the Ministry of Internal Affairs (“MIA”) no. 129/2016 approving the Methodological Norms on fire safety and civil protection authorization procedures (“Order no. 129/2016”) entered into force upon its publication in the Official Gazette of Romania no. 675, … Read the rest more…

Romanian Legal Week: August 29 – September 4, 2016

Amendment of normative acts on foreigners In the Official Gazette of Romania, Part I, no. 670 of 31 August 2016 was published the Government Ordinance no. 25/2016 amending and supplementing certain enactments on foreigners. The new ordinance amends Government Ordinance … Read the rest more…

Deloitte Romania’s Corporate Finance Team Combines with Filipescu Visa to Strengthen Practice

In an extremely dynamic business environment, Deloitte Romania has further invested in its growing Financial Advisory practice by combining its Corporate Finance team with well-known financial advisors and one of the most experienced independent consultancy companies FILIPESCU VIȘA. The … Read the rest more…

Romanian Legal Week: 22-28 August, 2016

The completion of the Law on the Tax Code The Ministry of Public Finance has launched in public debate on Tuesday, 23rd August 2016, the draft of the Emergency Ordinance on the completion of Law no. 227/2015 regarding the … Read the rest more…

Implementation of Common Reporting Standards (CRS)

On 24 August 2016, the Ministry of Public Finance published the Order for implementing and applying procedures of the CRS. The new legislative act provides the actions/procedures for meeting the obligations provided by the Romanian Fiscal Procedure Code (article 62, … Read the rest more…

Romanian Legal Week: August 15-21, 2016

HCCJ. What must be proved in case of a penalties clause that is part of a share sale and purchase agreement The High Court of Cassation and Justice has ruled that the court of appeal correctly stated that the penalties … Read the rest more…

Significant changes brought to Law no. 10/1995 on construction quality

Law no. 163/2016 for amending and supplementing Law no. 10/1995 on construction quality (“Law 163/2016” or “Amending Law”) was published in the Official Gazette no. 561 dated 25 July 2016 and will enter into force on 24th of August 2016. … Read the rest more…

Romanian Legal Week: August 8-14, 2016

The Government issued the methodological requirements concerning the adoption law The Government approved on 10.08.2016, during its session, the methodological requirements concerning the adoption law. The latter was previously modified and amended at the beginning of the year. The new … Read the rest more…

Submission deadline changed for form 394

Starting with the reporting period for July 2016, the legal deadline for submitting form 394 (the local sales and purchases list) is changed to the 30th of the month following the reporting period. If the reporting period is the calendar … Read the rest more…

Deloitte Grows Digital Practice in Romania

In a move to offer solutions to meet ever changing needs of the market, Deloitte Romania is expanding its consulting practice by further focusing on Digital Transformation. Experienced consultant Cosmin Costea of Costeaconsulting.com with a strong background in digital business … Read the rest more…

Romanian Legal Week: August 1-7, 2016

European funds for SMEs in agriculture The European Investment Bank (EIB) has provided on 29 July 2016, a loan of 15 million euro to the company Agricover Credit IFN for the purpose of financing small projects implemented by SMEs in … Read the rest more…

CMS: Enactment of offshore regulations in Romania

On 28 July 2016, the “Law on the Safety of Offshore Oil Operations” (the “Offshore Law”) was published in the Official Gazette. The Law establishes the minimum requirements necessary to prevent major offshore related accidents and limit their … Read the rest more…

CMS: Romanian Energy law amendments affect electricity trading

On 28 June 2016, the Romanian Parliament adopted the “Law Amending and Supplementing the Romanian Energy and Natural Gas Law” (the “Law”). The Law modifies the legislative framework for electricity trading on the Romanian energy market. Despite the … Read the rest more…

Starting 1 August 2016, the reduced 9% VAT rate is applicable for specific goods /services used in the agricultural industry

Under Order 1155/ 868/2016, the reduced 9% VAT rate applies for the following categories of goods: – Fertilizers; – Pesticides; – Seeds and other agricultural products for seeding or planting. The Order specifically includes the NC codes for each of … Read the rest more…

Romanian Legal Week: July 25-31, 2016

The completion of the Regulations regarding the fees for the services of notaries public| Draft The Ministry of Justice has launched in public debate Thursday, on 28th of July 2016, the Draft of the Order of the Minister … Read the rest more…

APS acquire €1,3 billion NPL portfolios in Romania assisted by ȚUCA ZBÂRCEA & ASOCIAȚII

ȚUCA ZBÂRCEA & ASOCIAȚII assisted APS Holding a. s. (APS) to achieve the successful completion of the acquisition of two portfolios of non-performing loans (NPL) with the nominal value of €1.33 billion in Romania. The team of lawyers at ȚUCA … Read the rest more…

Deloitte, REFF & ASSOCIATES Assess Competiveness of Food Processing, Construction Industries

Deloitte Romania together with REFF & ASSOCIATES, the law firm representing the international network of law firms Deloitte Legal in Romania have conducted a report assessing the competiveness of the food processing and construction industries, two sectors that have … Read the rest more…

BONDOC & ASOCIATII assisted Mid Europa Partners on the Romanian law aspects pertaining to their acquisition of the full control over Waberer, one of the largest road freight transport operators in Europe

BONDOC & ASOCIATII assisted Mid Europa Partners, the leading private equity firm focused on Central and South Eastern Europe, in acquiring full control of the leading CEE road freight transport company Waberer’s International Nyrt (“Waberer’s”or the”Company”), by acquiring the shares … Read the rest more…

CMS: Romanian FSA withdraws Carpatica Asig SA’s licence and commences bankruptcy procedures

On 27 July 2016, the Board of the Romanian Financial Supervisory Authority (“FSA”) analysed the status of the Romanian insurance undertaking Carpatica Asig SA, considering several audit and assessment reports. The outcome of the FSA analysis was the … Read the rest more…

CMS: Romanian Competition Council Adopts Guidelines on Anti-Competitive Practices in Public Tenders

The Romanian Competition Council (the “RCC”) recently published new guidelines on detecting and preventing anti-competitive practices in public procurement procedures (the “Guidelines”). The issuance of the Guidelines is further evidence of the RCC’s focus on anticompetitive … Read the rest more…

Romanian Legal Week: July 18-24, 2016

HCCJ. Breach of the ”tantum devolutum quantum apellatum” and ”non reformatio in pejus” principles The High Court of Cassation and Justice has decided that the appeals court did not respect the ”tantum devolutum quantum apellatum” principle and the one that … Read the rest more…

OECD releases guidance on the implementation of Country-by-Country reporting. Deloitte launched CDX tool

OECD’s guidance on the implementation of CbC reporting The OECD/G20 BEPS Project set out 15 key actions to reform the international tax framework and ensure that profits are reported where economic activities are carried out and value is created. One … Read the rest more…

Romanian Legal Week: July 11-17, 2016

Raluca Prună participated in the informal meeting of the Justice and Home Affairs Council Raluca Prună, the Minister of Justice, participated between 7-8 July, in the informal meeting of the Justice and Home Affairs Council which took place in Bratislava. … Read the rest more…

Customs guarantee treatment for special customs procedures or free zones

Amongst the new orders which transpose the provisions of the new Customs Code of the Union ( “CVU”) in the national legislation, we mention: – Technical norms for the authorization of special regimes; – Technical norms on the use of … Read the rest more…

Deloitte EMEA 360° Boardroom Survey: Agenda priorities across the region

Company boards appear to be adopting a more optimistic outlook for growth and competitiveness in the short to medium term compared to the recent past according to the first edition of the Deloitte Survey “EMEA 360° Boardroom Survey: Agenda priorities … Read the rest more…

Elimination or reduction of the tariff duties on certain codes of the Combined Nomenclature

By signing the Agreement on Information Technology (“ATI”), the European Union granted tariff concessions for products used in the Information Technology industry. By the EU Decision no. 971/2016, ATI agreement has been extended to a wider range of products. In … Read the rest more…

Significant amendments on the legal framework regarding the Romanian consumer financing market

The Romanian National Authority for Consumer Protection (“NACP”) recently published on its web site a legislative proposal to amend of the legal framework relating to credit agreements between Romanian based financial institutions and consumers (i.e. private individuals) (“… Read the rest more…

Alina Bilan, partner ONV LAW, talked about practical measures to unlock infrastructure projects in Romania, at the launching of CCIFER’s White Book of Constructions

Alina Bilan, partner ONV LAW, talked about practical measures to unlock infrastructure projects in Romania, at the launching of CCIFER’s White Book of Constructions, on July 7th, 2016. Alina focused on how to improve public procurement process and accelerate … Read the rest more…

Romanian Legal Week: July 4-10, 2016

The Competition Council is analyzing a new economic concentration The Competition Council analyzes the envisaged economic concentration to be achieved through the takeover Romgreen Universal Limited (Cyprus) and some companies controlled by it by Gren Holdings Limited (Cyprus) member of … Read the rest more…

The Opinion no. 18 of Consultative Council of European Judges | Rodica Aida Popa

The Author: “The Opinion no. 18 of Consultative Council of European Judges was on the agenda of a round table meeting on June 10th 2016. ”The dialogue of the judicial authority of Romania with the other state authorities … Read the rest more…

Ireland and Spain lead the Eurozone charge for productivity growth

Productivity growth in Ireland and Spain – the top performing peripheral economies in the Eurozone – has outstripped that in Germany, France and the Netherlands, say PwC economists. The figure to the right shows that Eurozone real GDP per hour … Read the rest more…

New provisions regarding the management of packaging, electrical and electronic equipment, batteries and portable accumulators

Two emergency ordinances amending Order no. 196/2005 regarding the Environmental Fund and Law no. 249/2015 on the management of packaging and packaging waste were published in the Official Gazette last Thursday. Packaging and packaging waste Companies who place packed goods … Read the rest more…

Romanian Legal Week: June 27- July 3, 2016

Volkswagen refunds the clients in the emissions case As a result of the emissions problem, the costs for Volkswagen will be around 14 billion dollars, only in USA, much more than other producers paid because of the frauds. The owners … Read the rest more…

Best Lawyers: repeated international acknowledgement for Maravela & Asociaţii lawyers

The founding partners of Maravela & Asociaţii have been once again listed by Best Lawyers International amongst the most prominent Romanian lawyers. Best Lawyers is one of the oldest and most respected international directories, being a peer based survey of … Read the rest more…

EY Romania wins the third Transfer Pricing Firm of the Year award in Central & Eastern Europe

EY Romania was awarded for the third time Transfer Pricing Firm of the Year in Central & Eastern Europe. The award was given by the International Tax Review (ITR) – one of the world’s leading magazines dedicated to international tax … Read the rest more…

Lawyr.it launches Open Call for new issue

Lawyr.it, the only student-powered legal publication focused on Central Eastern Europe, is starting off this hot summer with a warm invitation to law students from across Europe to submit creative and innovative articles by July 25 at editors@lawyr.it. If … Read the rest more…

Romanian Legal Week: June 20-26, 2016

New measures on the enforcement of posted workers providing services in EU Member States The Government approved in its meeting on June 16, 2016 the draft law on the posting of workers in the framework of services that includes measures … Read the rest more…

Uncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study

According to PwC estimations, the cost of uncollected VAT to the state budgets of five Central and Eastern European (CEE) countries amounted to over 28.2 billion Euros in 2015. The results of this study were presented today at a PwC… Read the rest more…

Romanian Legal Week: June 13-19, 2016

The European Commission supports high-end technology in Romania According to a press release issued on 10.06.2016, the European Commission has approved the second phase of project Extreme Light Infrastructure – Nuclear Physics (ELI-NP), currently being carried out at Măgurele, … Read the rest more…

CMS: New legislation in the retail sector imposes a 51% ratio of marketed food products to consist of local products

On 8 June 2016, the Romanian Chamber of Deputies passed new legislation (“New Law”) amending Law no. 321/2009 on the trading of food products (“Law 321”). The New Law introduces more restrictive obligations for traders of … Read the rest more…

The Methodological Norms for application of the new laws on the award of public procurement and sectorial procurement agreements were enacted

The Methodological Norms, which are part of the new legal framework on public procurement and sectorial procurement, were published in the Official Gazette no. 422 and 423 on 6 June 2016, being approved through: – Government Decision no. 394/2016 for … Read the rest more…

New rules redefine concept of exporter

The exporter from customs and VAT perspective The new Union Customs Code (“UCC”) has amended the definition of exporter. From a customs perspective, the definition of exporter has been restricted to persons established in the EU who have the power … Read the rest more…
Powered by WordPress | Fluxipress Theme