New regulation for the authorization of credit institutions – amendments approval and notification

1. Introduction In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), and our summary regarding the… Read moreNew regulation for the authorization of credit institutions – amendments approval and notification

New regulation for the authorization of credit institutions – banks’ authorization procedure

1. Introduction In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), we will shortly review below… Read moreNew regulation for the authorization of credit institutions – banks’ authorization procedure

New regulation for the authorization of credit institutions – preliminary requirements for authorization

1. Introduction Regulation no. 12 of December 18, 2020 on the authorization of credit institutions and amendments pertaining to the same (the “Regulation 12/2020”) issued by the National Bank of Romania (the “NBR”) was published in the Official Gazette no…. Read moreNew regulation for the authorization of credit institutions – preliminary requirements for authorization

How to keep your data safe in the new digital employment environment

1. Introduction Using the digital environment for work related activities entails risks that are enhanced by the continuous digitisation of the society. Such risks include an increase in the number of cyberattacks that can lead to security breaches, including personal… Read moreHow to keep your data safe in the new digital employment environment

Shedding light on the convening term applicable for limited liability companies

As regards Romanian limited liability companies, the convening of the general assembly of shareholders is done in accordance with the articles of association or as provided under Romanian Companies Law 30/1991 (the ”Companies Law”), specifically through registered letter at least… Read moreShedding light on the convening term applicable for limited liability companies

Romania – Consumer protection updates in the Audio-Visual media field

1. Background In November 2018, the European Parliament and the Council of the European Union have enacted the Directive (EU) 2018/1808 amending Directive 2010/13/EU on the coordination on certain provisions laid down by law, regulation or administration in Member States… Read moreRomania – Consumer protection updates in the Audio-Visual media field

Romania – Long-awaited simplifications for the corporate and business environment

1. Background After a long and drawn out legislative process commenced in 2017, Law no. 102/2020 amending and supplementing the Companies Law no. 31/1990 (“Law 102/2020”) has finally entered into force on July 5, 2020, setting in place major changes… Read moreRomania – Long-awaited simplifications for the corporate and business environment

MPR | Partners proposes amendments to draft bill on corporate law amendments related to COVID-19

I. Context Considering that the Draft Emergency Ordinance on certain measures related to corporate law (the ”Draft Emergency Ordinance”) has been launched for public debate and proposes various measures aiming to help Romanian companies in the Covid-19 outbreak context (for… Read moreMPR | Partners proposes amendments to draft bill on corporate law amendments related to COVID-19