Category: CMS

Romanian Competition Council recently published, for public consultation, the Instructions on the individualisation of penalties for offences under Law no. 81/2022 on unfair trading practices in business-to-business relationships in the agricultural and food supply chain and on granting favourable treatment… Read moreRomanian Competition Council publishes new Instructions on penalties for unfair trading practices in the agricultural and food supply chain

In a surprise move on 16 May 2023, the Romanian Consumer Protection Authority fined 11 local banks, claiming that the manner in which the banks set out the repayment calendar for medium- and long-term loans in customer contracts is a… Read moreRomanian Consumer Protection Authority fines 11 banks for incorrect practices

CMS is delighted to share the honours in the winning entry for the IFLR Europe Award 2023 for “Deal of the Year” in the category of “Structured Finance & Securitisation”. The IFLR Europe Awards focus on Europe’s most innovative legal… Read moreCMS shares ILFR Structured Finance & Securitisation Deal of the Year for Europe win

On 25 April 2023, Romania’s Chamber of Deputies adopted a draft law for supplementing Law no. 46/2003 on patients’ rights, giving each patient the right to personalised medicine, based on a medical recommendation. This Draft Law defines personalised medicine as… Read moreRomania introduces patients’ right to personalised medicine

CMS Romania is pleased to announce that Mihai Jiganie-Serban has been promoted to Partner as of 1 May 2023. Mihai is Head of Criminal Defense Practice and is the firm’s ninth local partner in Romania. Mihai has over 18 years’… Read moreCMS promotes Mihai Jiganie-Serban to Partner in Romania

On 27 February 2023, Romanian Law no. 43/2023 came into force, which introduced a tax amnesty regarding the reclassification of income from gift vouchers obtained by individuals from anyone other than their employer. As a result, any tax liabilities imposed… Read moreRomania introduces tax amnesty for gift vouchers

The Romanian Competition Council has launched three investigations regarding potential price-fixing arrangements in the markets of the production of sunflower oil, butter and sugar. As part of its investigation, the Competition Council conducted dawn raids at the headquarters and other… Read moreRomanian Competition Council investigates potential collusion in sunflower oil, butter and sugar market

Deal activity across Europe maintained a steady pace in 2022 despite the increasing number of economic headwinds, according to the latest annual European M&A study by global law firm CMS. The “CMS European M&A Study 2023”, now in its 15th… Read moreCMS European M&A Study 2023: Record number of deals last year despite challenging economic backdrop

On 14 March 2023, the Regulation on the procedure for the registration, investigation and resolution of complaints concerning unfair trading practices between undertakings in the agricultural and food supply chain finally entered into force in Romania. The Regulation implements the… Read moreRomania’s regulation on the procedure for resolving complaints over unfair trading practices in the agri-food supply chain enters into force

After the Centre for Sustainable Policies Ecopolis petitioned the court in April 2022 for the annulment of the District 2 and District 4 zoning plans (zonal urban plans or PUZs), on 28 February 2023 the Bucharest Tribunal rejected Ecopolis’s action… Read moreSurprising move for the developers – the Bucharest Tribunal restores Bucharest District 2 and 4 zoning plans