Amendments brought to the legislation regarding preventing and fighting money laundering and terrorist financing and to other enactments in relation thereto

GEO No. 111/2020 transposes into national law the provisions of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for… Read moreAmendments brought to the legislation regarding preventing and fighting money laundering and terrorist financing and to other enactments in relation thereto

Amendments brought to the legislation relating to trade marks and geographical indications

Law No. 112/2020 amending and supplementing Law No. 84/1998 on trade marks and geographical indications (“Law No. 112/2020”) was published in the Official Journal of Romania, Part I, No. 603 of 9 July 2020. The enactment came into force on… Read moreAmendments brought to the legislation relating to trade marks and geographical indications

ȚUCA ZBÂRCEA & ASOCIAȚII obtains a final ruling from the High Court of Cassation and Justice regarding the former HQ of the Bucharest Municipality

ȚUCA ZBÂRCEA & ASOCIAȚII has successfully persuaded the High Court of Cassation and Justice to reject Bucharest Municipality’s legal action filed against the owner of the former headquarters of the City Hall, whereby the Bucharest Municipality claimed ownership right over… Read moreȚUCA ZBÂRCEA & ASOCIAȚII obtains a final ruling from the High Court of Cassation and Justice regarding the former HQ of the Bucharest Municipality

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