Romanian Legal Week: May 30 – June 5, 2016

Guarantee limits for First Home program, supplemented by the Ministry of Public Finance The Ministry of Public Finance approved the allocation to supplement with 500 million lei the guarantee limits for First Home program, according to a press release issued… Read moreRomanian Legal Week: May 30 – June 5, 2016

Romanian Legal Week: March 7-14, 2016

The Competition Council has approved the merger between Nextebank S.A. and Carpatica Commercial Bank S.A. The Competition Council has approved the acquiring of control over Carpatica Commercial Bank S.A. and the entities it controls it by Nextebank S.A. Nextebank S.A. is… Read moreRomanian Legal Week: March 7-14, 2016

The absolute nullity of the abusive clauses before the entry into force of Law no. 72/2013. Unconstitutionality

The plenum of the Constitutional Court reunited in the Tuesday meeting, the 3rd of November 2015, in order to solve the unconstitutionality exception of the provisions of Article 21, Law no. 72/2013 on the measures for combating the delay of… Read moreThe absolute nullity of the abusive clauses before the entry into force of Law no. 72/2013. Unconstitutionality

Expiration of the administrator’s mandate. Effects on representation of the joint-stock companies

The High Court of Cassation and Justice ruled that, according to the provisions of the Art. 72, Law 31/1990, the obligations and liability of the administrator are regularized by the provisions regarding the mandate, and according to the Articles 1554-1555… Read moreExpiration of the administrator’s mandate. Effects on representation of the joint-stock companies