On 31 March 2020, the Romanian Senate adopted a draft law that caps the prices of over-the-counter (OTC) medicines included in the protocol for the treatment of the infection associated with the SARS-Cov-2 virus (coronavirus), which was approved by Order No 487/2020 of… Read moreRomania proposes temporary capping of prices for coronavirus medicines
In the context of the worldwide spread of COVID-19 (coronavirus), which is increasingly disrupting supply chains, manufacturing, energy demand and transportation, impacting as well a wide range of industries, businesses in virtually any sector are likely to be affected. Such… Read moreCOVID-19: Financing Agreements. Implications
EGO regarding electronic registers by economic operators amended. On Monday, the 30th of March 2020, the Ministry of Public Finances set for public debate a draft decision amending and supplementing the Methodological norms for enforcing Emergency Government Ordinance no. 28/1999… Read more<strong>RLWeek</strong> March 30-April 5, 2020: EGO regarding electronic registers by economic operators amended. New fiscal measures adopted in the context of COVID-19. EGO regarding the state of siege and state of emergency amended. Order regarding certificates for emergency situations amended
On 16 March 2020, the Romanian President declared a state of emergency for the next 30 days to limit the spread of COVID-19 and manage its effects (the “State Emergency Decree”). Neither the State Emergency Decree, nor the subsequent military… Read moreRomania Guidance for Public Procurement procedures in times of COVID-19
No stop button on competition rules In crisis situations the risks of market operations are higher, thus companies are incentivized to coordinate their behavior or unilaterally impose specific measures. Nonetheless, such practices may have anticompetitive outcome and thus may be… Read moreCOVID-19: Competition Law. Implications
The postponement of the fiscal obligations payment without the establishment of the accessories up to 30 days from the cessation of the emergency state is considered the most useful measure taken by the government in the context of the COVID-19… Read morePwC Romania study: 90% of companies believe that deferral of tax obligations payment is the most useful of the fiscal measures taken in the current context
Introductory aspects It is a truism to say that the Mergers & Acquisitions will take a severe blow. Not only the private investments go hand in hand with the status of economy, predictability in laws making and good social and… Read moreCOVID-19: Mergers & Acquisitions. Implications
The nationwide state of emergency, instituted by Presidential Decree No. 195/2020 (the “Decree”) due to the COVID-19 epidemic has imposed certain restrictive measures, including as regards the activity of the business operators. In this context, one cannot ignore that, absent… Read moreTechnical unemployment in the economic and social context of the COVID-19 outbreak. Latest updates
On 27th March 2020, the Ministry of Internal Affairs has posted for public consultation a draft emergency government ordinance envisaged to amend the Emergency Government Ordinance no. 1/1999 relating to the emergency state (“EGO 1/1999”). EGO 1/1999 is the basis… Read moreRecent changes to the legislative framework relating to the emergency state
Good news from the High Court of Romania! Even though most of the civil cases are suspended ex officio throughout the state of emergency instated by the Decree no. 195/16.03.2020, the High Court ruled on the 30th of March, in… Read moreNote on how the national courts will reason upon the requests for additional evidences in appeal when the Suspension of civil procedures due to COVID-19 crisis will cease and the activity in courts will be resumed
