Revised legislative package on payments on its way: PSD 3 and PSR key updates impacting the PI authorisation phase

CONTEXT On 28 June 2023, the European Commission published the proposals for the legislative package on payment services (“Revised Payments Legislative Package”) that will replace the Directive (EU) 2015/2366 on payment services in the internal market (“PSD 2”) and Directive… Read moreRevised legislative package on payments on its way: PSD 3 and PSR key updates impacting the PI authorisation phase

Crowdfunding in Romania – new Romanian law initiatives for the application of the EU Crowdfunding Regulation

Executive Summary Until November 2021, crowdfunding activities (investment-based or lending-based) have not benefited from a dedicated regime and may interfere with the EU banking and financial services rules, triggering ultimately significant risks to all parties involved. This context is about… Read moreCrowdfunding in Romania – new Romanian law initiatives for the application of the EU Crowdfunding Regulation

Don’t spoil the soil – building-up a legal framework dedicated to soil conservation and remedy measures in Romania

In the current context, marked by an ever-increasing impact of climate changes and under the umbrella of EU strategies involving soil protection-related issues (most notably the Soil Protection Strategy[1]   and the EU Biodiversity Strategy for 2030[2] – a core part… Read moreDon’t spoil the soil – building-up a legal framework dedicated to soil conservation and remedy measures in Romania

About the validity of (integrated) environmental permits in 2021 – some practical points

Since November 2019 (more precisely since 18 November, date of entry into force of Law no. 219/2019[1]), the rules regarding the validity term of environmental permits (autorizatii de mediu) and integrated environmental permits (autorizații integrate de mediu) have been fundamentally… Read moreAbout the validity of (integrated) environmental permits in 2021 – some practical points