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Client briefs

Amendments to the Companies Law and Accounting Law

The Law No. 163/2018 for amending and supplementing the Accounting Law no. 82/1991 (“Accounting Law”), the Companies Law No. 31/1990 (“Companies Law”) and the Law No. 1/2005 pertaining to the organization and operation of cooperatives, has been published in the Official Gazette of Romania No. 595/12 July 2018 and enters into force on 15 July

New Law for Teleworking activity in Romania

The Romanian Parliament has recently adopted Law no. 81/2018 regulating teleworking (the “Teleworking Law”). The Teleworking Law was published in the Official Gazette of Romania, Part 1, no. 296/02.04.2018. Definition of Teleworking Teleworking is defined as a form of organising the work that allows an employee to work regularly (at least one day/month) and voluntarily

Amendments to tax legislation with impact in the IT industry

The Romanian Ministry of Finance has recently passed Order no. 3337/2017 which extends the category of software developers who benefit from income tax exemption (“Order 3337/2017” or the “New Order”). Order 3337/2017 was published in the Official Gazette of Romania, Part 1, No. 52/18.01.2018. The New Order shall enter into force on February 1st, 2018

New guidelines on personal data processing at work

The focus on personal data protection is today at its peak, considering the upcoming replacement of the Data Protection Directive 95/46/EC (the “DPD”) with the General Data Protection Regulation 2016/679 (the “GDPR”), starting 25 May 2018. Opinion no. 2/2017 on data processing at work (hereinafter the “Opinion“)1, recently adopted by the “Article 29 Data Protection

Intellectual property & Technology | Copyright

In September 2016, the Court of Justice of the European Union (the ”Court”) ruled that a professional who offers free of charge access to a Wi-Fi network within its premises cannot be held liable for copyright infringements committed by users of that network. However, the professional may be required to put an end to, or

Reform of the European data protection rules

After more than four years of drafts and negotiations, the new EU data protection framework has finally been adopted. It takes the form of a General Data Protection Regulation (the “GDPR”)1 and a Data Protection Directive for Police and Criminal Justice Authorities (the “PCJA Directive”)2, both of them published on 4 May 2016 in the

Law regarding the recovery and resolution of insurance undertakings

The law regarding the recovery and resolution of insurance undertakings (the “IRR Law”) was published with the Official Gazette on 02 November 2015 and entered into force on 05 November 2015. In a nutshell, the IRR Law is meant to implement principles and tools similar to those applying to the recovery and resolution of credit