Wolf Theiss advises Banca Comercială Română S.A. On its inaugural ron 500 million Senior Preferred Green Notes due 2028

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Wolf Theiss acted as legal advisor to Banca Comercială Română S.A. in relation to its inaugural issue of the RON 500 million 5.00 per cent Senior Preferred Green Notes due 2028 under its Multi Issuer EMTN Programme On 14 October 2021, Banca… Read moreWolf Theiss advises Banca Comercială Română S.A. On its inaugural ron 500 million Senior Preferred Green Notes due 2028

RLWeek October 11- 17, 2021: Tax verification cards. Procedure for authorizing foreign exchange offices. Regulation on the organization and functioning of the Maritime Spatial Planning Committee

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Tax verification cards. Draft. On Friday, October 15, 2021, the National Agency for Fiscal Administration launched in public debate the draft order of the President of the National Agency for Fiscal Administration regarding the tax verification cards. [Source] National Action… Read more<strong>RLWeek</strong> October 11- 17, 2021: Tax verification cards. Procedure for authorizing foreign exchange offices. Regulation on the organization and functioning of the Maritime Spatial Planning Committee

ŢUCA ZBÂRCEA ȘI ASOCIAȚII secures top spot in IFLR 1000’s rankings and receives the highest number of lawyer recommendations for Romania

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A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, ŢUCA ZBÂRCEA ȘI ASOCIAȚII also received the largest number… Read moreŢUCA ZBÂRCEA ȘI ASOCIAȚII secures top spot in IFLR 1000’s rankings and receives the highest number of lawyer recommendations for Romania

Lexology Client Choice Award for Voicu & Filipescu in 2021. Roxana Neguțu, fourth year exclusive winner for Romania in the Real Estate category

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Following the publication of 2021 winners, Lexology – Law Business Research awards the Client Choice distinction to Ms. Roxana Neguțu for real estate law practice, this being the seventh year in which Voicu & Filipescu lawyers are recognized for the… Read moreLexology Client Choice Award for Voicu & Filipescu in 2021. Roxana Neguțu, fourth year exclusive winner for Romania in the Real Estate category

RLWeek October 4-10, 2021: Measures against undeclared work. Technical unemployment reintroduced. New rules for electric scooter users. Minimum-wage raised by Government. EGO on SME programme amended. EGO on electronic invoice published. List of psychoactive substances prohibited through Law no. 143/2000 amended

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Measures against undeclared work. On Monday, the 4th of October 2021, the Romanian Government adopted an Emergency Government Ordinance amending and supplementing Law no. 53/2001 – Labour Code, regarding undeclared work. Undeclared work shall be punished under the new provisions,… Read more<strong>RLWeek</strong> October 4-10, 2021: Measures against undeclared work. Technical unemployment reintroduced. New rules for electric scooter users. Minimum-wage raised by Government. EGO on SME programme amended. EGO on electronic invoice published. List of psychoactive substances prohibited through Law no. 143/2000 amended

PNSA advised Orange on the acquisition of a majority stake in Telekom Romania Communications

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PNSA has advised Orange Group on the EUR 296m acquisition of a controlling stake in fixed operator Telekom Romania Communications from Deutsche Telekom’s OTE. Through its owned network infrastructure, Telekom Romania Communications provides fixed voice, broadband and pay-tv services to… Read morePNSA advised Orange on the acquisition of a majority stake in Telekom Romania Communications

New legislative amendments in the labor field

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Government Emergency Ordinance no. 111/2021 setting forth social protection measures for employees and other professional categories in the context of the prohibition, suspension or limitation of economic activities generated by the epidemiological situation caused by the spread of SARS-CoV-2 coronavirus… Read moreNew legislative amendments in the labor field

The best interests of the child as a material right, as a fundamental interpretive principle and as a rule of procedure

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We start this short study by bringing into light the provisions of article 3 point (1) of the UN Convention on the rights of the child[1] according to which “in all actions concerning children, undertaken by public or private social… Read moreThe best interests of the child as a material right, as a fundamental interpretive principle and as a rule of procedure

Romanian High Court rules on amount to be covered to benefit from impunity in tax evasion crimes

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On 29 September 2021, the Romanian High Court of Cassation and Justice (HCCJ) issued Decision no. 66/2021, ruling that the interest and penalties referred to in article 10 par. (11) of Law no. 241/2005 for the prevention and combatting of… Read moreRomanian High Court rules on amount to be covered to benefit from impunity in tax evasion crimes

Deloitte Romania and Reff & Associates assisted Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment

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A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals… Read moreDeloitte Romania and Reff & Associates assisted Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment