Romanian Lawyers Week

Romania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

Editorship |08/10/201815/10/2018

ECOFIN (Economic and Financial Affairs Council of the European Union) has recently decided that EU Member States “most affected by VAT fraud” will be able to apply, by 30 June 2022, under very strict technical conditions, the generalized reverse charge… Read moreRomania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

RLWeek October 1-7, 2018: Detailed provisions regarding packaging branding elements of medicine. Establishing of small and medium enterprises stimulated. Standardisation in military field. 5% VAT for accommodation in hotel sector

Ioana-Cătălina Barbu |07/10/201815/10/2018

Detailed provisions regarding packaging branding elements of medicine. On Friday, the 28th of September 2018, the Ministry of Health set for public debate a draft Order approving methodological norms implementing Regulation no. 161/2016 provisions regarding branding elements on medicine packaging… Read more<b>RLWeek</b> October 1-7, 2018: Detailed provisions regarding packaging branding elements of medicine. Establishing of small and medium enterprises stimulated. Standardisation in military field. 5% VAT for accommodation in hotel sector

Amendments to the Insolvency Law

Cornelia Dăroi |03/10/201815/10/2018

Monitorul Oficial No. 840/10/02/2018 has published the Emergency Ordinance No. 88 / 2018 on the amendment of some normative acts (hereinafter referred to as „GEO88 / 2018”). The regulations introduced by the GEO are also aimed at amending Law no. 85/2014… Read moreAmendments to the Insolvency Law

Romanian Judges’ Forum Association – White Paper – Cooperation protocols between the Romanian Information Service and various judicial authorities

Editorship |03/10/201803/10/2018

Romanian Judges’ Forum Association – White Paper – Cooperation protocols between the Romanian Information Service and various judicial authorities with jurisdiction in criminal matters: In essence, on the basis of currently available data in the public space, we appreciate that we… Read moreRomanian Judges’ Forum Association – White Paper – Cooperation protocols between the Romanian Information Service and various judicial authorities

Deloitte’s Corporate Finance practice advised the shareholders of Fabryo in the sale to Akzo Nobel

Editorship |01/10/201801/10/2018

Deloitte Romania’s Corporate Finance practice has advised the shareholders of Fabryo, the leading Romanian decorative coatings manufacturer, in the successful sale of 100% of the shares to Akzo Nobel N.V. The transaction was completed on October 1st, 2018, after receiving… Read moreDeloitte’s Corporate Finance practice advised the shareholders of Fabryo in the sale to Akzo Nobel

Double victory for ȚUCA ZBÂRCEA & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

Editorship |01/10/201801/10/2018

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various… Read moreDouble victory for ȚUCA ZBÂRCEA & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

KPMG in Romania appoints new partners

Editorship |01/10/201801/10/2018

KPMG in Romania announces the promotion of four new Partners in Audit, Tax, and Legal with effect from 1 October 2018. The new partners bring a wealth of knowledge and experience across our functions and will continue to ensure that we… Read moreKPMG in Romania appoints new partners

The reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

Editorship |27/09/2018

The Council of the European Union adopted, on the 24th of September 2018, the prolongation of the period for the application of the optional reverse charge mechanism for supplies of goods and services susceptible to fraud. The same document approved… Read moreThe reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

The Romanian Competition Council never rings twice. Not even when abroad

Editorship |26/09/2018

“To our big surprise representatives from the Romanian Competition Authority arrived at our offices in Brussels on [date] and were joined by the Belgian police and the Belgian Competition Authority”, reads the press release of a foreign-based investigated party raided… Read moreThe Romanian Competition Council never rings twice. Not even when abroad

Romania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report

Editorship |24/09/2018

According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. All 6 Central… Read moreRomania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report