CMS: European M&A environment flips to ‘buyer-friendly’ in response to COVID-19

Europe has returned to a ‘buyer-friendly’ environment, after the COVID-19 pandemic created more risk-averse attitudes. As a result, CMS’ latest annual M&A study identified significant increase in liability caps, longer limitation periods and fewer locked box deals. The multi-year analysis… Read moreCMS: European M&A environment flips to ‘buyer-friendly’ in response to COVID-19

CMS Women in Business: Investing in women’s education and promoting successful female role models: solutions for reducing the gender gap in Tech

Stereotypes, gender discrimination, the acceleration of digital change due to Covid-19, and the use of technology in education On 17 March, international law firm CMS organised the 2021 edition of the CMS Women in Business event, a meeting dedicated in… Read moreCMS Women in Business: Investing in women’s education and promoting successful female role models: solutions for reducing the gender gap in Tech

Romania sells BITCOIN and ETHEREUM in public auction for the first time

In late 2020, the Romanian National Agency for the Management of Seized Assets (ANABI) conducted two public auctions of seized BITCOIN (BTC) and ETHEREUM (ETH). The sale of the seized BTC and ETH was ordered by the Prosecutor’s Office attached… Read moreRomania sells BITCOIN and ETHEREUM in public auction for the first time

Legality of Bucharest’s suspension of district zoning plans drawn into question

The General Council of Bucharest passed five decisions to suspend the coordination of the zoning plans (District PUZs) of five of the six districts of Bucharest for one year (i.e. until 26 February 2022). The following article describes the main… Read moreLegality of Bucharest’s suspension of district zoning plans drawn into question

Romanian government amends Tax Code and Accounting Law

On 26 February 2021, Romania published Emergency Ordinance no. 13/2021 for the amendment and completion of the Tax Code and of the Accounting Law (GEO 13/2021) in the Official Gazette. The main amendments brought about by GEO 13/2021 are presented… Read moreRomanian government amends Tax Code and Accounting Law

Romania toughens rules for public procurement by state hospitals

In an attempt to prevent misuse of public funds, the Romanian government has issued new rules to increase transparency in public procurement by public hospitals. According to the new regulations, the hospital’s management board must endorse the hospital’s yearly procurement… Read moreRomania toughens rules for public procurement by state hospitals

ECJ rulings attempt to strike balance in EU gambling sector

In the absence of harmonised EU gambling legislation, member states have the discretion to decide the level of protection granted to gambling consumers in their respective jurisdiction, according to the culture, religious and social values, consumer behaviour and the dynamics… Read moreECJ rulings attempt to strike balance in EU gambling sector

Tax debt restructuring and cancellation of accessory tax liabilities still available

Debt restructuring measures and the possibility to cancel accessory tax liabilities are still available to Romanian taxpayers, but in order to be eligible taxpayers must notify tax authority by 31 March 2021 and comply with all obligations. The debt restructuring… Read moreTax debt restructuring and cancellation of accessory tax liabilities still available

Romania launches public consultation on secondary legislation on telemedicine

On 5 February 2021, the Romanian Ministry of Health launched public consultations on the draft rules for the implementation of the provisions of Government Emergency Ordinance no. 196/2020 (GEO 196/2020) (also known as Draft Implementing Rules). GEO 190/2020 was adopted… Read moreRomania launches public consultation on secondary legislation on telemedicine