A few notes concerning “early maturity / early repayment of loan” and “penalty interest” in case of consumer default, as regulated by art. 38 of OUG no. 50 of 9 June 2010 regarding consumer credit contracts

1. Falling behind schedule under a consumer loan will trigger for borrowers-consumers penalty interest rates, calculated by adding max. 3 percentage points on the top of the loan interest rate (see footnote, art. 38 para. (2) of O.U.G. 50/2010). The… Read moreA few notes concerning “early maturity / early repayment of loan” and “penalty interest” in case of consumer default, as regulated by art. 38 of OUG no. 50 of 9 June 2010 regarding consumer credit contracts

Assignment of the Pre-agreement for the sale and purchase of residences concluded in 2022. Applicability in 2023 of the reduced VAT rate

Although we are two months away from the moment when Government Ordinance no. 16/2022 became applicable, the question of the applicability of the reduced rate of 5% of VAT in the field of residential real estate transactions raises discussions among… Read moreAssignment of the Pre-agreement for the sale and purchase of residences concluded in 2022. Applicability in 2023 of the reduced VAT rate

Mediation techniques applied to international conflicts: How an initial solution to the Ukrainian-Russian war could look like

In the following lines I am going to outline an imaginary alternative for a potential negotiation of the Russian-Ukrainian conflict. I must first clarify that, although my profession is that of a conflict mediator – not warlike conflicts but nevertheless… Read moreMediation techniques applied to international conflicts: How an initial solution to the Ukrainian-Russian war could look like

The European qualifying examination (EQE) tests candidates’ knowledge and ability to represent applicants before the EPO

According to epo.org, the official website of the European Patent Office (EPO), EQE is widely regarded as one of the most demanding professional examinations having been passed by more than 10 000 candidates already. Established in 1979, the EQE is… Read moreThe European qualifying examination (EQE) tests candidates’ knowledge and ability to represent applicants before the EPO

European Patent Organisation organised the first edition of EPAC exam

The European Patent Office is organizing a new examination intended for paralegals, patent administrators and formalities officers, as from December 2022. The examination results in the European patent administration certification (EPAC), a professional certification for patent administrators, according to Art…. Read moreEuropean Patent Organisation organised the first edition of EPAC exam