Romanian Legal Week in brief: October 23-29, 2017

Romanian Legal Week in brief: October 23-29, 2017

Annex regarding upper-limit price caps on medicine amended. On Monday, the 23rd of October 2017, the Ministry of Health launched into public debate the draft Order amending and completing Annexes no. 1 & 2 to the Minister’s Order no. … Read the rest more…

Romanian Judges’ Forum on the changes attempted to be made to the conditions of promoting within magistracy

Regarding this proposal made by the Minister of Justice to amend ”the justice laws”, the CVM reports welcoming the evolution of the magistracy indicated in a certain manner that a merit-based promotion ensures the foundation of an independent judiciary body, … Read the rest more…

Romanian Judges’ Forum regarding the strict delimitation between the judges’ careers and the prosecutors’ careers

Regarding this proposal made by the Minister of Justice to amend ”the justice laws”, one has to take into account the fact that the contentious constitutional court has already mentioned by its Decision no.331 of April 3rd, 2007… Read the rest more…

Romanian Judges’ Forum on the reorganization of the Judicial Inspection, as a legal personality structure within the Ministry of Justice

With reference to this amendment proposed by the Minister of Justice on the „laws of justice”, there has never been during prior talks, beginning with 2016, such an issue put forward concerning any modification of the statute of the Judicial … Read the rest more…
A new generation of leaders: Deloitte Romania promotes seven senior experts to directors

A new generation of leaders: Deloitte Romania promotes seven senior experts to directors

Bucharest, 25 October 2017. Deloitte Romania announces the promotion to the position of director of seven senior experts from business lines that have recorded significant growth in the financial year that ended in May: tax, audit and financial advisory services.… Read the rest more…
Romanian Legal Week in brief: October 16-22, 2017

Romanian Legal Week in brief: October 16-22, 2017

Amendment of annex regarding the activity of the Ministry of Transport. Draft. On Monday, the 16th of October 2017, the Ministry of Transportation launched in public debate a draft of Government Decision for the amendment of Annex no. 2 … Read the rest more…

PwC Sees USD 9.46 Billion Drone Solutions Market for Power, Utilities Industries

 The global market in drone-powered solutions for the power and utilities industries is worth as much as USD 9.46 billion a year, PwC estimates in a new report that illustrates how creative uses of unmanned aerial vehicles are disrupting the … Read the rest more…
Deloitte annual conference Tax&Legal: Taxnology, how fiscality changes due to technology

Deloitte annual conference Tax&Legal: Taxnology, how fiscality changes due to technology

Deloitte introduced the firm’s apps for digital era   Bucharest, 17 October 2017. The impact of the latest tech changes on fiscality were discussed from several perspectives during the annual conference Taxnology, organized by Deloitte Romania and Reff & … Read the rest more…
Deloitte Technology Fast 50: Three Romanian companies among the fastest-growing technology companies in CE

Deloitte Technology Fast 50: Three Romanian companies among the fastest-growing technology companies in CE

UiPath, the first business ever to win a special distinction for the Most Disruptive Innovation Award   Bucharest, 16 October 2017. Three Romanian companies made it to the Central European Deloitte Technology Fast 50 ranking and one received a special … Read the rest more…
Romanian Legal Week in brief: October 9-15, 2017

Romanian Legal Week in brief: October 9-15, 2017

Law regarding produce transportation on public roads amended. On Monday, the 9th of October 2017, the Ministry of Transportation launched into public debate the draft amending Law no. 108 from July 10 2014 regarding the transportation of produce on … Read the rest more…
Deloitte Analysis: In Q3 there were two acquisitions announced every week

Deloitte Analysis: In Q3 there were two acquisitions announced every week

Bucharest, 9 October 2017. The M&A market in Romania has reached 898 million EUR in Q3, according to public sources and disclosed transactions, an analysis performed by Deloitte Romania has revealed. Twenty-eight deals were announced in Q3, including those with … Read the rest more…
Suciu Popa announces trio of partner promotions

Suciu Popa announces trio of partner promotions

Bucharest, 9 October 2017 – Suciu Popa is delighted  to announce the promotion of Roxana Fercală, Andrei Georgescu and Crina Ciobanu to the firm’s partnership. Prior to these promotions, Crina, Roxana and Andrei have been with Suciu Popa as Managing … Read the rest more…
Romanian Legal Week in brief: October 2-8, 2017

Romanian Legal Week in brief: October 2-8, 2017

Mine law. On Monday, the 2nd of October 2017, the Ministry of Economy launched into public debate the draft for the Mine law. [source] Order regarding work-related illnesses amended. On Tuesday, the 3rd of October 2017, … Read the rest more…
Reff & Asociates awarded once more for the largest real estate deal in Romania

Reff & Asociates awarded once more for the largest real estate deal in Romania

Bucharest, 6 October 2017. Reff & Associates, the law firm representing Deloitte Legal in Romania, has won the Largest real estate deal award during the Lawyers’ Gala 2017 (ZF Gala) organized by Ziarul financiar daily business. The award was … Read the rest more…
Romanian Legal Week in brief: September 25-October 1, 2017

Romanian Legal Week in brief: September 25-October 1, 2017

Support programme for companies (IMM). On Monday, the 25th 2017, the Ministry of Public Finances launched into public debate the draft for the Government Emergency Ordinance regarding the Support Programme for low-tier and mid-tier companies – IMM INVEST ROMANIA. … Read the rest more…
The Deloitte contest for the best non-financial report in Central Europe 2017 is open for applications!

The Deloitte contest for the best non-financial report in Central Europe 2017 is open for applications!

Bucharest, 28 September 2017 – The 3rd edition of the Romania Sustainability Report Award by Deloitte, also known as Green Frog Competition, is open for applications until 20 October 2017. The awards will be offered at national and … Read the rest more…
SUCIU POPA won the TOP TRANSACTION – ENERGY AWARD at the Lawyers’ Gala Awards 2017

SUCIU POPA won the TOP TRANSACTION – ENERGY AWARD at the Lawyers’ Gala Awards 2017

ZIARUL FINANCIAR granted SUCIU POPA with the LARGEST DEAL IN ENERGY AWARD, within the LAWYERS’ GALA 2017. The award was received for assisting Enel Investment Holding BV in finalizing the acquisition of 13.6% of the share capital of E-Distributie … Read the rest more…
Romanian Legal Week in brief: September 18-24, 2017

Romanian Legal Week in brief: September 18-24, 2017

Government Emergency Ordinance regarding military product operation control amended. On Tuesday, the 19th of September 2017, the Ministry of External Affairs launched into public debate the draft amending and completing Government Emergency Ordinance no. 158/1999 regarding the control of … Read the rest more…

Malta and Cyprus lead the way for growth in tourist arrivals in the Eurozone

Tourism’s share of global economic output rose to more than 3% in 2016 Peripheral Eurozone economies such as Malta and Cyprus are particularly dependent on tourism Malta and Cyprus experienced double digit growth in tourist arrivals in June 2017 But … Read the rest more…
Romanian Legal Week in brief: September 11-17, 2017

Romanian Legal Week in brief: September 11-17, 2017

Hydromineral resource law. On Monday, the 11th of September 2017, the Ministry of Economy launched into public debate the hydromienral resource law. [source] Completion of Government Ordinance regarding cinematography. On Tuesday, the 12th of September 2017, … Read the rest more…

Workers facing up to completely retraining or reskilling to tackle technology’s impact on employment

Workers believe personal skills will remain in demand despite automation Almost three quarters (74%) of people surveyed by PwC are ready to learn a new skill or completely retrain to keep themselves employable, seeing it as their personal responsibility and … Read the rest more…
Deloitte Romania and The Faculty of Energetics team up to revamp the energy sector

Deloitte Romania and The Faculty of Energetics team up to revamp the energy sector

Bucharest, 11 September 2017. Deloitte Romania and the Faculty of Energetics of the Politehnica University have signed today a partnership agreement that allows the Faculty to work with the company on its energy projects and offers students access to internships … Read the rest more…
Romanian Legal Week in brief: September 4-10, 2017

Romanian Legal Week in brief: September 4-10, 2017

Completion of the methodological norms regarding the organ transplant process. On Friday, the 8th of September 2017, the Ministry of Health launched into public debate a draft of Order for the completion of the Order of the Ministry of Health … Read the rest more…
Deloitte Romania’s leadership strengthens with two new partners

Deloitte Romania’s leadership strengthens with two new partners

Bucharest, 7 septembrie 2017. Deloitte Romania welcomes two new partners who have joined the firm to strengthen the practice, thus increasing the number of partners to twenty.  “I am happy that two experienced partners with extensive international experience have joined … Read the rest more…
World Economic Forum and Deloitte – Beyond Fintech: A Pragmatic Assessment of Disruptive Potential in Financial Services

World Economic Forum and Deloitte – Beyond Fintech: A Pragmatic Assessment of Disruptive Potential in Financial Services

Bucharest, September 4, 2017. World Economic Forum and Deloitte Global’s latest report, Beyond Fintech: A pragmatic assessment of disruptive potential in financial services, studies the transformative role of fintech and other disruptive forces on the financial services industry as … Read the rest more…
Romanian Legal Week in Brief: August 28-September 3, 2017

Romanian Legal Week in Brief: August 28-September 3, 2017

National Council of Hunting established. Order no. 1010/2017 regarding the establishing of the National Council of Hunting was published in the Official Journal of Romania, part I, no. 689 on the 24th of August 2017. The Council releases notices … Read the rest more…
Romanian Legal Week in Brief: August 21-27, 2017

Romanian Legal Week in Brief: August 21-27, 2017

Technical norms regarding agricultural register completion for 2015-2019. On Saturday, the 19th of August 2017, the Ministry of Agriculture and Rural Development launched into public debate the draft Order for the approval of technical norms regarding the completion … Read the rest more…
Romanian Legal Week in Brief: August 14-20, 2017

Romanian Legal Week in Brief: August 14-20, 2017

Government Emergency Ordinance for preventive financial control amended. On Wednesday, the 16th of August 2017, the Ministry of Public Finances launched into public debate the draft for the amending and completion of Government ordinance no. 119/1999 regarding internal control … Read the rest more…
Romanian Legal Week in Brief: August 7-13, 2017

Romanian Legal Week in Brief: August 7-13, 2017

List of Romanian standards complying with European pyrotechnic ones. On Monday, the 7th of August 2017, the Ministry of Labour and Social Justice launched Bill for the List of Romanian standards complying with European ones regarding pyrotechnics into … Read the rest more…
Vehicle Tax Returns. Government Emergency Ordinance

Vehicle Tax Returns. Government Emergency Ordinance

On Monday, the 7th of August 2017, Government Emergency Ordinance no. 52 was published in the Official Journal of Romania, Part I, no. 644 for special vehicle tax return, vehicle pollution tax, vehicle-derived air pollution emission tax, and vehicle environment … Read the rest more…
Amending of Labour Code. Government Emergency Ordinance

Amending of Labour Code. Government Emergency Ordinance

On Monday, the 7th of August 2017, Government Emergency Ordinance no. 53 was published in the Official Journal of Romania, Part I, no. 644 for the amending and supplementing of Law no. 53/2003. The series of amendments is as follows:… Read the rest more…
Romanian Legal Week in Brief: July 31-August 6, 2017

Romanian Legal Week in Brief: July 31-August 6, 2017

Law of the National Archives. Draft. On Tuesday, the 1st of August 2017, the Ministry of Internal Affairs has launched in public debate the draft for the Law of National Archives. The main purpose of the draft law … Read the rest more…
Romanian Legal Week in brief: July 24-30, 2017

Romanian Legal Week in brief: July 24-30, 2017

Fiscal and budgetary measures in the health field On Wednesday, the 19th of July 2017, the Ministry of Health launched into public debate the Order for the regulation of fiscal and budgetary measures in the health field. :: Substantiation … Read the rest more…
Romanian Legal Week in brief: July 17-23, 2017

Romanian Legal Week in brief: July 17-23, 2017

Amending of Emergency Ordinance for traffic on public roads On Friday, the 14th of July 2017, the Ministry of Internal Affairs launched into public debate the Ordinance draft regarding the amending and completion of the Government Emergency Ordinance no. … Read the rest more…

The CEE region needs financing of up to 615 billion Euro by 2025 in improving infrastructure projects

Central and Eastern European countries account for 28% of the EU’s territory and 22% of its population, but only 10% of its GDP. One of the main challenges that the region faces today is the financing of transport infrastructure development. … Read the rest more…
Romanian Legal Week in brief: July 10-16, 2017

Romanian Legal Week in brief: July 10-16, 2017

National Supervisory Authority for the Processing of Personal Data. Meetings regarding personal data protection by the local public administration On Tuesday, 11th of July, 2017, the National Supervisory Authority for Personal Data Processing announced that on July 4-5, 2017, … Read the rest more…
Deloitte: the M&A market is emerging in Q2

Deloitte: the M&A market is emerging in Q2

Bucharest, 13 July 2017. The M&A Market in Romania has reached EUR 889 million in the second quarter of the year according to public sources and disclosed transactions, more than double compared to the first quarter, an analysis by Deloitte … Read the rest more…
Deloitte: Strong appetite for deals in the CE

Deloitte: Strong appetite for deals in the CE

  Bucharest, 10 July 2017. There are expectations of increased activity in Central Europe’s (CE) private equity (PE) landscape, with the Index gaining some momentum lost during the last Deloitte Central Europe Private Equity Confidence Survey, according to Deloitte PE … Read the rest more…
Romanian Legal Week in brief: July 3-9, 2017

Romanian Legal Week in brief: July 3-9, 2017

Request for review of the Law amending provisions of Government Ordinance 22/1999 regarding the administration of harbours, the use of naval transport infrastructure part of the public domain, as well as the naval transport activities in harbours and internal waterways… Read the rest more…
Regional operations centers give Romania’s real estate market a boost

Regional operations centers give Romania’s real estate market a boost

Friendly tax & legal climate make the local market attractive Bucharest, 6 July 2017. With a 4.8%-GDP growth in 2016 and the highest estimated growth rate in 2017 among EU member states, Romania has become an increasingly attractive destination … Read the rest more…
Austria. Schoenherr leads Vienna Airport to victory in hearing about third runway: Constitutional Court repeals Federal Administrative Court decision

Austria. Schoenherr leads Vienna Airport to victory in hearing about third runway: Constitutional Court repeals Federal Administrative Court decision

Schoenherr has achieved an important victory on behalf of Vienna International Airport (“VIE”) and the province of Lower Austria in the case regarding the construction of a third runway at the airport. Schoenherr partner Christian Schmelz and his team succeeded … Read the rest more…

Extending working lives could increase OECD GDP by $2 trillion, says PwC

Golden Age Index measures how well countries are harnessing the economic power of   older workers Iceland tops the table, followed by New Zealand, Israel and Sweden Israel, Germany and Australia highest movers in rankings since 2003, while Mexico, Turkey and… Read the rest more…
Deloitte promotes new tax partner

Deloitte promotes new tax partner

Bucharest, 3 July 2017. Deloitte Romania announces that Raluca Bontas has been promoted to partnership as a result of her outstanding performance in developing the business  and her contributions to the team’s growth. Leader of the tax practice and coordinator … Read the rest more…
Romanian Legal Week in brief: June 26-July 2, 2017

Romanian Legal Week in brief: June 26-July 2, 2017

Performance standards for management contracts On Friday, the 23rd of June 2017, the Ministry of Health launched into public debate the revision Order for the Minister’s Order no. 112/2007 regarding the performance standards based on which management contracts may … Read the rest more…

PwC Romania launches the recruitment app HireVue in order to facilitate the recruitment process for junior positions within the firm

PwC Romania launches the online recruitment app HireVue that is meant to facilitate the recruitment process of the candidates for the junior positions available within the firm.   “The young generation is hyper-connected and mobile, engaged in so many projects, … Read the rest more…
Romanian Legal Week in brief: June 19-25, 2017

Romanian Legal Week in brief: June 19-25, 2017

Registration of goods in the state centralised inventory On Monday, the 19th of June 2017, the Ministry of Transportation launched into public debate the Government Decision for the registration of goods in the state’s public domain centralised inventory, given … Read the rest more…
The tax practice of Deloitte’s member firms, winner at the ITR European Tax Awards

The tax practice of Deloitte’s member firms, winner at the ITR European Tax Awards

  Bucharest, June 23, 2017 – The tax practice of Deloitte’s member firms has won 24 awards at the 2017 European Tax Awards organized by the International Tax Review (ITR) publication, more than any other participating organization in this year’s … Read the rest more…
Deloitte Women on Board Survey: gender diversity on boards doubled in organizations with female leadership

Deloitte Women on Board Survey: gender diversity on boards doubled in organizations with female leadership

Bucharest, 20 June 2017. The number of women serving on boards almost doubled under a female leadership (29%) globally as compared to when boards were led by a male chair (16%), according to the fifth edition of Deloitte’s Women in … Read the rest more…
Schoenherr advises the association between Iulius Group and Atterbury Europe

Schoenherr advises the association between Iulius Group and Atterbury Europe

The Bucharest office of regional law firm Schoenherr, one of the largest players on the Romanian legal market, has provided legal assistance in the transaction through which IULIUS Group, the developer and operator of IULIUS network of shopping malls, … Read the rest more…
Romanian Legal Week in brief:  June 12-18, 2017

Romanian Legal Week in brief: June 12-18, 2017

New law regarding CAL – Law no. 132/2017 regarding mandatory civil motor vehicle liability for third party damages by vehicle and tram accidents  On Monday, the 12th of May 2017, Law no. 132/2017 regarding mandatory civil motor vehicle liability … Read the rest more…
Romanian Legal Week in brief: June 5-11, 2017

Romanian Legal Week in brief: June 5-11, 2017

Amending of Law regarding the National Defence Industry On Tuesday, the 6th of June 2017, the Ministry of Economy launched in public debate the draft of the Government Decision approving the Methodological Norms for the application of Law no. … Read the rest more…
Reff & Asociates announces new real estate practice head

Reff & Asociates announces new real estate practice head

Reff & Associates, the law firm representing Deloitte Legal in Romania, announces that Irina Dimitriu, associate partner, is taking over the role of head of the real estate practice as Irina Dimitriu joins NEPI as legal director. In her … Read the rest more…
Romanian Legal Week in brief: May 29-June 4, 2017

Romanian Legal Week in brief: May 29-June 4, 2017

Amending of law regarding national expert relocation to EU institutions and organs On Monday, the 29th of May 2017, the Ministry of External Affairs launched into public debate the bill for the amending and completion of Law no. 105/2012 … Read the rest more…

Investments in security efforts are driven more by regulatory requirements and not by the actual awareness of the ongoing IT security threats, shows a joint PwC Romania and Microsoft survey

According to a joint PwC Romania and Microsoft Romania survey launched today, “Security in the Digital World”, investments in cybersecurity are mostly driven by regulatory requirements instead of the organizations awareness of the actual and ongoing IT security … Read the rest more…
Romanian Legal Week in brief: May 22-26, 2017

Romanian Legal Week in brief: May 22-26, 2017

Repealing the Procedure for the Emergency Utilization of Food Consumables | Draft On Friday, the 19th of May 2017, the the draft of the order for repealing Order no. 2389/2010 of the Minister of Public Finances for the approval … Read the rest more…
SUCIU POPA is the winner of ENERGY LAW FIRM OF THE YEAR AWARD at the Romanian Energy Awards 2017

SUCIU POPA is the winner of ENERGY LAW FIRM OF THE YEAR AWARD at the Romanian Energy Awards 2017

SUCIU POPA has won the ENERGY LAW FIRM OF THE YEAR AWARD at the sixth edition of the ROMANIAN ENERGY AWARDS GALA, an elite event organised by The Diplomat – Bucharest, which brought together the Who’s Who in the energy … Read the rest more…
IFRS 17: Deloitte comments on new international accounting standard for insurance contracts

IFRS 17: Deloitte comments on new international accounting standard for insurance contracts

Francesco Nagari, global IFRS insurance leader at Deloitte, said: “Today’s publication of IFRS 17 marks a once in a lifetime regulatory change in accounting for insurance policies. The new rules aim to bring greater transparency in the financial … Read the rest more…
Successor of family-owned business expects disruption but lacks skills

Successor of family-owned business expects disruption but lacks skills

Over 25% of successors think they will lose market share to new entrants   Bucharest, May 22, 2017 — Of the next generation of leaders of family-owned businesses interviewed by Deloitte, 46% expects that the market in which they operate … Read the rest more…
Romanian Legal Week in brief: May 15-21, 2017

Romanian Legal Week in brief: May 15-21, 2017

Unilateral exclusion of certain categories of foreigners from needing an entry visa in Romania On Friday, the 12th of May 2017, the Ministry of External Affairs launched into public debate a bill for the unilateral exclusion of certain categories … Read the rest more…
A New Edition of Deloitte Technology Fast 50 Competition Kicks Off

A New Edition of Deloitte Technology Fast 50 Competition Kicks Off

Registration will close on July 31, final rankings will be announced in October Bucharest, 17 May 2016. Deloitte Romania announces the opening of registration for the Technology Fast 50 competition in Central Europe. The preeminent regional competition for companies in … Read the rest more…
Deloitte Romania: learning and career development, high up on the business and HR agenda

Deloitte Romania: learning and career development, high up on the business and HR agenda

Bucharest, May 16, 2017. Driven by the frequent change of the professional competencies required to perform at work, lack of experienced candidates and employee’s desire to develop professionally continuously, learning and career development are the top priorities of the Romanian … Read the rest more…
Romanian Legal Week in brief: May 8-14, 2017

Romanian Legal Week in brief: May 8-14, 2017

Competition Council. Study regarding the competition in the field of rail passenger transport On Tuesday, the 9th of May 2017, the Competition Council published a study regarding the competition in the field of rail passenger transport, according to a … Read the rest more…

Encouraging voluntary tax compliance, a solution to increase budget revenues on the short term

Encouraging voluntary tax compliance of the tax payers could be one of the solutions to increase budget revenues for Romania. This is one of the conclusions of the PwC conference – “The change of the taxation paradigm in Romania”, that … Read the rest more…

Economic activity in advanced economies is encouraging, but productivity is lagging

The recent increase in economic activity in the G7[1] advanced economies is attracting the attention of policymakers – particularly those that gathered in Washington DC for the World Bank-IMF Spring meeting. But is the optimism justified? And more importantly, … Read the rest more…
IONESCU SAVA 2017 Summer Academy open for applications

IONESCU SAVA 2017 Summer Academy open for applications

Ionescu Sava are holding the 7th edition of the Summer Academy, taking place between 20 – 25 August 2017 in Tohani Prahova, at Ferma Dacilor. They are currently accepting applications to their 2017 Summer Academy (7th edition). The program includes … Read the rest more…
Romanian Legal Week in brief: May 1-7, 2017

Romanian Legal Week in brief: May 1-7, 2017

NAFA. Budget revenue collecting On Tuesday, the 2nd of May 2017, the National Agency for Fiscal Administration declared that the budget revenue collected during April 2017 amounts to 18,03 billion lei, 1,18 billion lei more than during April 2016.… Read the rest more…
SUCIU POPA Assisted a Company of the Maltese Group Hili Ventures in the Acquisition of the Building in Which the Largest Private Hospital in Romania Operates

SUCIU POPA Assisted a Company of the Maltese Group Hili Ventures in the Acquisition of the Building in Which the Largest Private Hospital in Romania Operates

Subsequent to Hili Ventures taking over, in 2016, through its division Premier Capital, McDonald’s local operations, this year the group made its entrance in the office building area, by acquiring ART Business Centre from FBC Exclusiv Company. Located in the … Read the rest more…
Deloitte opens European Regional Delivery Center in Romania

Deloitte opens European Regional Delivery Center in Romania

The European Center will serve as a software hub for clients in Romania and across the world   Bucharest, May 4, 2017. Deloitte has announced today the opening of the European Regional Delivery Center in Bucharest. Operating under Deloitte Tehnologie, the … Read the rest more…
Romanian Legal Week in brief: April 24-28, 2017

Romanian Legal Week in brief: April 24-28, 2017

Amendments on the eligibility rules for expenditure under the Internal Security Fund and the Asylum Fund. Draft On Monday, the 24th of April 2017, the Ministry of Internal Affairs launched in public debate the draft of the Order of … Read the rest more…
Alexandru Reff takes over from Ahmed Hassan as Country Managing Partner for Deloitte Romania

Alexandru Reff takes over from Ahmed Hassan as Country Managing Partner for Deloitte Romania

Bucharest, April 27, 2017. Alexandru Reff has been appointed Country Managing Partner Deloitte Romania and Moldova, effective June 1st, 2017. He will succeed Ahmed Hassan, who takes on a regional leadership position. Alexandru Reff is an attorney at law, founder … Read the rest more…
Romanian Legal Week in brief: April 17-23, 2017

Romanian Legal Week in brief: April 17-23, 2017

Amendment of the Criminal Code and of the Criminal Procedure Code. Draft On Wednesday, the 19th of April 2017, the Ministry of Justice has launched in public debate the draft of law for the amendment and completion of the … Read the rest more…

Half of the business executives want that the internal audit function play a more important role in the organizations, says PwC

The 13th annual edition of the State of the Internal Audit Profession study finds that half of the business executives[1] surveyed want that the internal audit function play a more important role in the organizations, because this function … Read the rest more…

Reff & Associates in Legal 500 rankings with six practice areas

The firm preserves its position at the top of the legal profession in practice areas such as real estate, banking and capital markets, M&A, PPP and public procurement This year’s rankings acknowledge Reff & Associates’ performance in employment law and … Read the rest more…
Romanian Legal Week in brief: April 10-16, 2017

Romanian Legal Week in brief: April 10-16, 2017

NAFA. Reunion regarding collecting increase measures and voluntary confirmation On Monday, the 10th of April 2017, the National Authority of Public Finances stated that, at the end of this week, Bogdan-Nicolae Stan, NAFA’s president, is bound to present the … Read the rest more…
Payments in the Online Gambling field in Romania – Class II license for the Payment Services Providers

Payments in the Online Gambling field in Romania – Class II license for the Payment Services Providers

In Romania, the organization and operation of gambling games is regulated by Government Emergency Ordinance no. 77/2009 (GEO 77/2009) on the organization and exploitation of gambling games and the Government Decision no. 111/2016 approving the Methodological Norms (the … Read the rest more…

Manuela Ciugudean-Toma became the new Marketing and Communication Leader for PwC in South-Eastern Europe

Manuela Ciugudean-Toma joined PwC and will coordinate the marketing teams in 11 countries in South-Eastern Europe. She will be responsible for developing an integrated PwC marketing and communication strategy throughout the Balkans. “I am happy that Manuela agreed to lead … Read the rest more…
SUCIU POPA assisted ENEL in finalizing the acquisition of 13.6% of E-Distrubuție Muntenia and ENEL Energie Muntenia

SUCIU POPA assisted ENEL in finalizing the acquisition of 13.6% of E-Distrubuție Muntenia and ENEL Energie Muntenia

Suciu Popa assisted Enel Investment Holding B.V. in finalizing the acquisition of 13.6% of the share capital of E-Distributie Muntenia S.A. and Enel Energie Muntenia S.A., which increased Enel’s interest in the two companies to 78%. The acquisition of the … Read the rest more…
Romanian Legal Week in brief: April 3-9, 2017

Romanian Legal Week in brief: April 3-9, 2017

NAFA. Catalogue for services delivered to tax payers On Friday, the 31st of March 2017, the National Agency for Fiscal Administration announced that the Catalogue for services delivered tax payers was published; this document aids the handling of fiscal … Read the rest more…
SUCIU POPA included once again in the annual GAR 100 listing

SUCIU POPA included once again in the annual GAR 100 listing

The Global Arbitration Review has named Suciu Popa to its prestigious list of the world’s top/leading international arbitration firms Global Arbitration Review has launched the 10th of its GAR 100 listing and Suciu Popa is delighted that its International Arbitration … Read the rest more…
Romanian Legal Week: March 27-April 2, 2017

Romanian Legal Week: March 27-April 2, 2017

The implementation of the general consolidated budget – January – February 2017 On Monday, the 27th of March 2017, the Ministry of Public Finances reported that the implementation of the general, consolidated budget respective to the first two months … Read the rest more…

Max Planck Lecture Series: The ECtHR and State Responsibility: Moving towards more international law?

Wednesday, 29 March 2017, 16:00 Lecturer: Judge Iulia Motoc (European Court of Human Rights Professor of European and International Law University of Bucharest) Iulia Motoc is Judge at the European Court of Human Rights since December 2013 and Professor of … Read the rest more…
Romanian Legal Week: March 20-26, 2017

Romanian Legal Week: March 20-26, 2017

Romania will try to relocate the European Medicines Agency at Bucharest On Wednesday, the 22nd of March 2017, during a Government meeting, a Memorandum was in the talks, according to which Romania will candidate for the relocation of the … Read the rest more…
Romanian Legal Week: March 13-19, 2017

Romanian Legal Week: March 13-19, 2017

European Commission. Romania will participate in the establishment of the European Public Prosecutor’s Office The European Commission announced that the project for establishing the European Public Prosecutor’s Office was approved during the Councils reunion on 9-10 March 2017, … Read the rest more…
Țuca Zbârcea & Asociații Launches a Public Speaking Internship Program Open to Law School Students

Țuca Zbârcea & Asociații Launches a Public Speaking Internship Program Open to Law School Students

Bucharest, March 13th, 2017: The program includes 12 training sessions to take place between March 2017 and February 2018, educating students, in an informal manner, about essential speaking techniques. The Public Speaking Internship. An informal approach covers topics … Read the rest more…
Bondoc si Asociatii further strengthens its energy, IT&C and commercial practices by co-opting Monica Iancu as Partner

Bondoc si Asociatii further strengthens its energy, IT&C and commercial practices by co-opting Monica Iancu as Partner

Monica Iancu has over 14 years of practice, focusing on energy, IT&C, as well as corporate/commercial matters. Lucian Bondoc, Managing Partner of the firm, stated that „Monica is one of the best energy and IT&C/commercial lawyers in the … Read the rest more…
Romanian Legal Week: March 6-12, 2017

Romanian Legal Week: March 6-12, 2017

Amendments on the measures for reducing the seismic risk of the existing buildings. Draft On Monday, the 6th of March 2017, The Ministry for Regional development, Public Administration and European Funds has launched in public debate the draft of … Read the rest more…
Romanian Legal Week: February 27-March 5, 2017

Romanian Legal Week: February 27-March 5, 2017

Law regarding the approval of the Emergency Ordinance no. 14/2017 On Friday, the 24th of February 2017, Klaus Iohannis, the President of Romania, signed the following decrees, according to a release by the Presidential Administration: Decree for the promulgation … Read the rest more…
UN Youth Moot Courts 2017

UN Youth Moot Courts 2017

The UN Youth Moot Courts is an academic simulation of the juridical procedures in front of the international Courts, held in English and organized by the UN Youth Association of Romania. Being one of the most important projects of the … Read the rest more…
Romanian Legal Week: February 6-12, 2017

Romanian Legal Week: February 6-12, 2017

Foundation of Consultative Committee in the Field of International Cooperation for development and humanitarian assistance.  Draft Wednesday, on  8th of February 2017, the Ministry of Foreign Affairs has launched in public debate the draft of Decision for the Foundation … Read the rest more…
Deloitte Millennials Survey: In Search for Stability and Full Time Employment

Deloitte Millennials Survey: In Search for Stability and Full Time Employment

Millennials are more interested in the security of their jobs, more concerned about uncertainty arising from conflict and less optimistic about the directions their countries are going, according to Deloitte’s sixth annual Millennial Survey. The study indicates that the … Read the rest more…

Constitutional Court of Romania: law on CHF loan conversion is unconstitutional

Yesterday, 7th of February, the bill of law on conversion of CHF loans was declared unconstitutional by the Constitutional Court of Romania. The bill of law was approved by the Chamber of Deputies on 18th of October 2016 but, on … Read the rest more…
Romanian Legal Week: January 23-29, 2017

Romanian Legal Week: January 23-29, 2017

The National Agency for Fiscal Administration (NAFA) modifies forms regarding Social Insurance Contributions for natural persons On Friday, the 20th of January 2017, the NAFA modified the forms for the ex officio appointment of Social Insurance Contributions for natural … Read the rest more…

The Romanian Judges’ Forum Association ref. the projects of Emergency Government Ordinances concerning the collective pardon and the amendments of the Criminal Code and the Procedural Criminal Code

Observations regarding the projects of Emergency Government Ordinances concerning the collective pardon and the amendments of the Criminal Code and the Procedural Criminal Code. Measures with high risk of reducing the institutional capability to fight against corruption and general criminality … Read the rest more…

Radu și Asociații SPRL | EY Law, the Romanian legal adviser of Vector Watch in a complex cross-border M&A transaction

Fitbit has acquired the assets of the European luxury smartwatch brand, Vector Watch, in a transaction which represents yet another high-profile deal involving Romanian-based technology and a USA Silicon Valley-based acquirer in which serial entrepreneur and investor, Radu Georgescu, and … Read the rest more…
SCHOENHERR Tax Bucharest launches transfer pricing practice

SCHOENHERR Tax Bucharest launches transfer pricing practice

In a BEPS environment where profit transfer between affiliated companies, between or within jurisdictions, is increasingly monitored, on national as well as international levels, our decision to expand our range with transfer pricing advisory services comes naturally. This move meets … Read the rest more…
Romanian Legal Week: November 28-December 4, 2016

Romanian Legal Week: November 28-December 4, 2016

International Volunteer Day for Economic and Social Development 2016 The International Volunteer Day for Economic and Social Development 2016 was mandated by the United Nations General Assembly and is held on a yearly basis on December 5. The purpose of … Read the rest more…
Romanian Legal Week: November 21-27, 2016

Romanian Legal Week: November 21-27, 2016

Rules for managing emergency situation | Draft The Interior Ministry has launched for public debate the Order for approving the framework-structure of the regulation for managing emergencies. :: Draft :: Approval report Amendment of the procedure authorizing certain bodies to … Read the rest more…

BONDOC & ASOCIATII by the Side of Mid Europa Partners in Profi’s Acquisition, the Largest Transaction Ever Concluded by a Private Equity Company in Romania and the Largest Retail Deal

According to a press release, Mid Europa Partners, the leading private equity company acting in Central and South-East Europe, has announced today that it has signed an agreement for the acquisition from Polish Enterprise Fund VI of 100% of the … Read the rest more…

PwC lists the top 30 Emerging Market Software companies

With globalisation, successful software companies are no longer limited to the US and Europe. They’re everywhere around the globe. PwC, in conjunction with International Data Corp., has ranked the top 30 software companies in emerging markets and identified some … Read the rest more…
Romanian Legal Week: November 14-18, 2016

Romanian Legal Week: November 14-18, 2016

EUROSTAT. Statistics in the matter of work Monday, on 14th of November 2016, EUROSTAT has given to the public statistics regarding labour in Europe. In Romania, it has risen the average period of professional activity in the last decade … Read the rest more…
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