Legal implications of “force majeure” and “hardship” as regards COVID-19

The economic effects of the COVID-19 pandemic are already being felt in international trade, with direct and indirect effects on existing contracts and legal relationships. This makes it legitimate to question the extent to which force majeure can be invoked… Read moreLegal implications of “force majeure” and “hardship” as regards COVID-19

Measures ordered in connection with the new coronavirus. Criminal implications for companies

Given the pandemic situation caused by the new coronavirus (COVID-19), companies can be forced to comply with exceptional prevention measures ordered by public authorities in order to prevent the new coronavirus from spreading, and noncompliance with such measures can trigger… Read moreMeasures ordered in connection with the new coronavirus. Criminal implications for companies

Litigation: The importance of the Court of Justice of the European Union Practice in Ensuring Passenger Rights in Accordance with Regulation 261/2004

1. Background In a world where air travel is becoming more frequent and affordable, Regulation (EC) no. 261/2004 of the European Parliament and of the Council of 11 February 2004 establishing common rules on compensation and assistance to passengers in… Read moreLitigation: The importance of the Court of Justice of the European Union Practice in Ensuring Passenger Rights in Accordance with Regulation 261/2004

European Commission to initiate the revision of the Non-Financial Reporting Directive

The European Commission committed to review the Non-Financial Reporting Directive in 2020, as part of the approach to strengthen the strategy for sustainable investment. On 20 February 2020, in line with its commitment, the Commission launched a public consultation[1] concerning… Read moreEuropean Commission to initiate the revision of the Non-Financial Reporting Directive

Tax Incentives for the Current Worldwide Pandemic: Paying the Vat Upon Cashing

The uncertainty and instability generated by the pandemic resulted in many Romanian companies urgently activating their risks and business continuity plans (BCP). While some companies are prepared and have plans in place, many others are still searching for the instruments… Read moreTax Incentives for the Current Worldwide Pandemic: Paying the Vat Upon Cashing