Author: Cristina Popescu

The Romanian Competition Council (RCC) recently announced a new investigation into possible price-fixing arrangements between auto repair shops and insurers underwriting mandatory civil third party liability insurance (MTPL) for motor vehicles. According to the RCC (see Inspectii-Auto-Italia-nov-2021.pdf (competition.ro)) the investigation is… Read moreRomanian competition regulator now probing automotive and insurance sectors

The Romanian Senate is now considering a Draft Law, which – if passed – would cap insurance premiums at which insurers can underwrite mandatory motor-vehicle third party liability insurance (MTPL) at a ‘reference tariff’ to be set (according to various… Read moreRomania passes draft law to cap MTPL insurance premiums

On 17 September 2021, the Romanian Financial Supervisory Authority (FSA) rejected the short-term financing and redress plan of City Insurance SA, leading to the withdrawal of the insurer’s authorisation. The FSA further found that City Insurance is insolvent and filed… Read moreRomanian authority withdraws authorisation for City Insurance SA

During the Esports Summit held in Bucharest on July 20, a Romanian government official announced that a draft of the law on Esports (electronic sports) is ready to be introduced to parliament for examination during the Fall 2021 parliamentary session…. Read moreRomanian parliament to receive Esports law as early as September 2021

Throughout July 2021, Romania initiated important developments in the employment field, mainly concerning the content of certain documents relevant for the sector, such as the standard model of the individual employment contract and the declaration and notification templates required in… Read moreRomania issues employment law updates