The European Union created a uniform regime for credit purchasers and credit servicers of non-performing loans

Introduction On 8 December 2021, Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit servicers and credit purchasers, and amending Directives 2008/48/EC and 2014/17/EU (the Directive) was published in the Official Journal… Read moreThe European Union created a uniform regime for credit purchasers and credit servicers of non-performing loans

Romanian competition regulator now probing automotive and insurance sectors

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

Romanian High Court rules on DNA’s jurisdiction to investigate abuse of office crimes

On 15 November 2021, the Romanian High Court of Cassation and Justice (HCCJ) issued Decision no. 26/2021, ruling that the National Anticorruption Directorate (DNA) does not have jurisdiction to investigate crimes of abuse of office when (i) perpetrated by an… Read moreRomanian High Court rules on DNA’s jurisdiction to investigate abuse of office crimes

Romanian High Court rules on amount to be covered to benefit from impunity in tax evasion crimes

On 29 September 2021, the Romanian High Court of Cassation and Justice (HCCJ) issued Decision no. 66/2021, ruling that the interest and penalties referred to in article 10 par. (11) of Law no. 241/2005 for the prevention and combatting of… Read moreRomanian High Court rules on amount to be covered to benefit from impunity in tax evasion crimes