EU-U.S. Privacy Shield invalidated by the CJEU. Practical implications for businesses

On July 16th, the CJEU issued the Schrems II judgment which invalidates the Privacy Shield Decision and provides clarifications on SCCs. A lot of noise and “fog” amongst organizations, particularly on the effects of the Schrems II judgement. It is… Read moreEU-U.S. Privacy Shield invalidated by the CJEU. Practical implications for businesses

Tax measures in the context of the economic difficulties caused by COVID-19

In the context of the economic and financial difficulties caused by the pandemic of the new COVID-19 virus, the Romanian Government adopted the Emergency Ordinance No. 99/2020 regarding certain fiscal – budgetary measures, amendment of certain acts and extension of… Read moreTax measures in the context of the economic difficulties caused by COVID-19

ȚUCA ZBÂRCEA & ASOCIAȚII obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation

The High Court of Cassation and Justice maintained, by its decision of 17 June 2020, the judgment under which several wind power companies had been granted by the court of first instance the annulment of Minister of Public Finance’s Order… Read moreȚUCA ZBÂRCEA & ASOCIAȚII obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation

Business stimulus measures taken by Romania in the context of the COVID-19 crisis

In the context of the global health crisis, the Romanian State took several measures dealing with the economic, financial and social consequences of the spread of COVID-19, including a series of stimulus measures, mostly temporary, to protect the business environment…. Read moreBusiness stimulus measures taken by Romania in the context of the COVID-19 crisis

Active measures to support employees and employers in the context of the epidemiological situation generated by the SARS-CoV-2 spread

On 29 May 2020, the Official Journal of Romania Part I published Emergency Ordinance No. 92/2020 setting out active measures to support employees and employers in the context of the epidemiological situation generated by the SARS-CoV-2 spread, and amending certain… Read moreActive measures to support employees and employers in the context of the epidemiological situation generated by the SARS-CoV-2 spread

Legislative amendments in insolvency matters during the state of alert

Considering the economic and financial difficulties caused by the spread of the SARS-Cov-2 virus, Law No. 55/2020 concerning measures for preventing and fighting the effects of the COVID-19  pandemic was passed, which includes, in Section 8, a series of regulations… Read moreLegislative amendments in insolvency matters during the state of alert