Romania: corporate statements regarding ultimate beneficial owner(s)

1. Background Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, and for the amendment and supplementation of certain legislative acts (“Law 129/2019”) requires Romanian companies subject to registration with the Romanian Trade Registry (with… Read moreRomania: corporate statements regarding ultimate beneficial owner(s)

Digitalization, a high priority for Europe’s future – the European Commission showcases its new digital and AI strategy

1. Background The way technology is used has changed significantly in the past decade and continues to change at a rapid pace, disrupting the way people interact both within the private and the public sector. Advances in technology make possible… Read moreDigitalization, a high priority for Europe’s future – the European Commission showcases its new digital and AI strategy

Romanian Digitalization Agenda – the Government takes one step forward by setting up the Authority for the Digitalization of Romania

1. Background In November 2019, the newly-appointed Romanian government decided to operate certain operational changes. As a result of the reorganisation, the Ministry of Transport was merged with the Ministry of Communications and Information Society, becoming the Ministry of Transport,… Read moreRomanian Digitalization Agenda – the Government takes one step forward by setting up the Authority for the Digitalization of Romania

Romanian Competition Council’s new guidelines on the assessment of fines

1. Introduction Competition authorities at both European and national level develop and update policies regarding the enforcement of competition legislation. Such a policy for the prevention of infringements of competition law rules was recently updated by the Romanian Competition Council… Read moreRomanian Competition Council’s new guidelines on the assessment of fines

Romanian legislation on network and information systems security: a work in progress

1. Introduction The European Union’s concern with safeguarding data is not limited to the protection of personal data by means of legislation such as the GDPR. Network and information systems infrastructure security is equally important. The new regime for cybersecurity… Read moreRomanian legislation on network and information systems security: a work in progress