Client briefs
Bank Recovery and Resolution Directive. Status of Romanian Resolution Measures
On 12 June 2014, the Bank Recovery and Resolution Directive was published with the Official Journal of the European Union.
New Romanian Pre-Insolvency and Insolvency Law
On 24 June 2014, the President of Romania has promulgated the new Pre-insolvency and Insolvency Law, which had been passed by the Chamber of Deputies on 15 April 2014 and found constitutional by the Romanian Constitutional Court on 21 May 2014.
Clarifications Regarding the Issuance of Building Permits for Carrying Out Onshore Petroleum Operations
The Government of Romania has recently approved Government Ordinance no. 22/2014 amending and supplementing Law no. 50/1991 on the authorization of the performance of construction works bringing certain clarifications to facilitate and expedite the issuance of the building permits necessary to carry out onshore petroleum operations
Energy Efficiency: Uncertainties Remaining until the Transposition of the New Directive
The 2012 Energy Efficiency Directive must be transposed in Romanian law by 5 June 2014.
Sale of Agricultural Lands in Romania
The sale of agricultural lands located extramuros shall be subject to a set of restrictions, such as the compliance with the pre-emption right to the benefit of certain categories of persons.