According to the Romanian Competition Council (RCC), the changes in the draft legislation have been designed to address various new forms of unfair competition, which are not covered by the current wording of the unfair competition law. The Draft seeks… Read moreRomanian Competition Council seeks to tighten unfair competition rules
On 11 June 2020, as part of new measures to ease restrictions put in place in response to the COVID-19 pandemic, Romanian Prime Minister Ludovic Orban announced that land-based gambling activities in the country such as lottery and sports betting… Read moreRegulatory challenges for land-based gambling and sports betting operators as they resume business
The Romanian National Authority for Management and Regulation in Communications of Romania (ANCOM) recently announced the authority’s plans with respect to granting the additional license for 5G spectrum in Romania. Mr Eduard Lovin, the Vice-President of ANCOM stated that ANCOM… Read moreRomania plans to launch 5G tenders in autumn 2020
The past week has been marked by a flurry of regulations on when and how employees may return to work after the lapse of the state of emergency on 14 March 2020. In such fast-changing legal environment, it becomes increasingly… Read moreReturning to work during the state of alert – what employers need to know
The coronavirus (COVID-19) pandemic has brought important challenges for the Romanian gambling industry, with significant impact on the land-based operations in general, and on the sports betting segment in particular. On 16 March 2020, the Romanian President formally declared a… Read moreRomanian Government issues financial and fiscal measures favourable to the gambling industry
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
In a further attempt to mitigate the effects of the COVID-19 outbreak, Romanian Competition Council (RCC) issued a press release providing further guidance on business practices for companies during the COVID-19 pandemic (see here for our reporting on the first guidance)…. Read moreRomanian competition watchdog issues new guidance on cooperation during the crisis
Following the state of emergency declared in Romania on 16 March 2020 and the escalation of security measures which were recently enforced through additional military ordinances, Romanian authorities tighten control over companies still active on the market as they continue… Read moreRomanian authorities tighten controls over companies in the wake of COVID-19 crisis
As reported earlier this year, the Romanian Financial Services Authority (the “FSA”) indicated that, in the event of a hard Brexit, UK entities operating in the non-banking financial markets will no longer be authorised to carry out regulated activities in… Read moreRomanian Financial Services Authority turns its attention to a post-Brexit scenario
As we reported previously, at the end of 2018, the Romanian Financial Supervisory Authority (the “FSA”) issued Norm no. 19/2018 on insurance distribution (“Norm 19”). Norm 19 introduced a number of restrictions on distribution of insurance on a FOS basis… Read moreRomania to relax restrictions on insurance distribution on a FOS basis
