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

The amendment of the Government Emergency Ordinance on the stimulation of the establishment of micro-enterprises by young entrepreneurs

In the Official Journal of Romania, Part I, no. 65 from 28th of August 2015 has been published the Government Decision no. 679/2015 regarding the amendment and completion of the Methodological Norms for the implementation of the Government Emergency Ordinance… Read moreThe amendment of the Government Emergency Ordinance on the stimulation of the establishment of micro-enterprises by young entrepreneurs

The rates of interest paid for the minimum reserves required as from 24th of July – 23rd of August 2015

In the Official Journal of Romania, Part one, no.625 from 18th August 2015, has been published the Circular of The Council of Administration of the National Bank of Romania no.29/2015 regarding the rates of interest paid for the minimum reserves… Read moreThe rates of interest paid for the minimum reserves required as from 24th of July – 23rd of August 2015

The consultation material regarding MIFID II/ MIFIR | Draft

The Financial Supervisory Authority has launched in public debate on Wednesday, 22nd July 2015, the consultation material concerning the exercise of national options resulted from the Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on… Read moreThe consultation material regarding MIFID II/ MIFIR | Draft

HCCJ. The prescription of the right of the action for warranty against eviction

The High Court of Justice and Cassation ruled that the prescription of the right of the action for warranty against eviction doesn’t begin on the date when it was stated the nullity of the seller’s title, but from the date… Read moreHCCJ. The prescription of the right of the action for warranty against eviction