On 31 August 2023, the Romanian government passed emergency Government Ordinance (GEO 2023), which extends by 90 days the validity of the insurance policies issued by Euroins Romania Asigurare-Reasigurare S.A., which is now in bankruptcy. Prior to the issuance of… Read moreRomania extends insurance policies from Euroins Romania to avoid market consequences
The High Court of Cassation and Justice of Romania ruled that healthcare establishments may not avoid liability for nosocomial infections that a patient acquires during hospitalisation, irrespective of the individual’s pre-existing health condition. The only chance for a healthcare provider… Read moreRomanian court rules pre-existing conditions of patients do not excuse provider liability for nosocomial infections
In the context of the continuing conflict in Ukraine, on 16 December the EU Council adopted a new package of sanctions covering bans and restrictions on certain activities, and sanctions against certain natural and legal persons. This ninth package of… Read moreEU issues new measures against Russia
In a landmark decision, the Romanian Competition Council (RCC) has sanctioned five pharmaceutical companies, including suppliers of immunoglobulins and other medicinal products derived from human plasma, and an association representing the industry with fines totalling approximately EUR 71 million. In… Read moreRomanian watchdog fines pharma companies for anti-competitive conduct
In January 2022, the High Court of Cassation and Justice of Romania upheld a decision of the Bucharest Court of Appeal (no. 93 from 30 June 2021) in rejecting the annulment of an arbitral award, confirming once again that Romanian… Read moreRomanian courts reaffirm limited scope for annulment of arbitral awards
On 1 January 2022, new rules on consumer protection entered into force in Romania with Government Emergency Ordinance no. 140/2021 on certain aspects concerning contracts for the sale of goods (GEO 140/2021), which transposes at the national level the provisions of… Read moreRomania marks fresh start for consumer sales and warranties
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
Fast and precise weather information is in big demand, especially among weather-sensitive industries such as transportation, agriculture, energy as well as utilities, travel, construction, sports and even the retail sector[1]. Increasingly, private companies use the latest in technological and analytics… Read moreWeather business in Romania. A forecast of opportunities and challenges
With the COVID-19 pandemic making work-from-home the new “normal” within most companies, the Romanian government is expected to adopt two draft labour-sector ordinance and amend legislation, which will simplify the ability of companies to implement remote work or telework –… Read moreRomania expected to pass laws regulating remote work
Romania has approved the Kurzarbeit Law (No. 58/2021), which reinforces the terms and conditions of the existing short-time work scheme (known as “Kurzarbeit” in Germany) to help companies cope with the economic challenges of the pandemic and to prevent massive… Read moreRomania reinforces short-time work during pandemic
