News
EU Cyber Resilience Act
Published in the European Union Official Journal on November 20, 2024, the EU Cyber Resilience Act (the „CRA”) aims to enhance protection for both consumers and businesses adressing the rising cybersecurity threats faced within the European Union. In response to these growing risks, the CRA introduces a comprehensive framework for monitoring compliance, addressing non-compliance, and
NEW ORDER NO. 2938/C/20.12.2024 PERTAINING TO THE MEASURES AND PROCEDURES FOR THE APPLICATION OF THE CLASSIFICATION OF ACTIVITIES OF THE NATIONAL ECONOMY – CAEN Rev. 3
The Order No. 2938/C/20.12.2024 of the Ministry of Justice pertaining to the measures and procedures for the application of the Classification of activities of the national economy – CAEN Rev. 3 (which was approved by the Order No. 377/2024 of the National Institute of Statistics and enters into force on 1 January 2025), was published
NEW LAW NO. 299/2024 AMENDING AND SUPPLEMENTING THE COMPANY LAW NO. 31/1990
The Law No. 299/02 December 2024 amending and supplementing the Company Law No. 31/1990, was published in the Official Gazette No. 1212/03 December 2024 and entered into force on 6 December 2024. The following main amendments were brought: there is no longer mandatory to include, as the case may be, in the articles
The Awarding of the Sarmiza Bilcescu-Alimănișteanu” Excellence Award by the Dean of the Bucharest Bar Association to Our Colleague, Mihnea Orjan, on the Occasion of the 193rd Anniversary of the Bucharest Bar
On Sunday, September 22, 2024, the Bucharest Bar Association celebrated its 193rd anniversary, marking the occasion with a festive event that featured three main moments: a roundtable discussion on the topic “Current Issues and Perspectives in the Legal Profession. Artificial Intelligence – A Challenge?”, a reception, and the presentation of the “Sarmiza Bilcescu-Alimănișteanu” Excellence Award.
CONSUMER PROTECTION | Order 539/2024 on consumer informing on the marketing of pre-packaged products whose volume or weight has decreased
1. Overview National Authority for Consumer Protection (ANPC) issued on May 14, 2024 an order (” Order 539/2024”) aiming to ensure that consumers are accurately informed when pre-packaged products experience a reduction in volume or weight while the price remains unchanged. Order 539/2024 was published in the Official Gazette of Romania on September 10, 2024
Publication in the Official Gazette of Romania of Law no. 243/2024 on Consumer Protection regarding the Total Cost of Credit and the Assignment of Claims
On 13 August 2024, Law no. 243/2024 on Consumer Protection regarding the Total Cost of Credit and the Assignment of Claims (“Law no. 243/2024“) was published in Part I of the Official Gazette of Romania no. 807 and it is set to come into force on 11 November 2024. Before the publication of Law no.
CYBERSECURITY | Draft law transposing the NIS 2 Directive
The transposition of the updated Directive (EU) 2022/2555 on measures for a high common level of cybersecurity across the Union (the “NIS2 Directive“) is underway in Romania as well. Member states have until October 17, 2024, to incorporate the directive into their national legislation. In line with this, on August 15, 2024, the National Cybersecurity
Electronic signature | Law no. 214/2024 on electronic signature and trust services
The enactment of Law no. 214/2024 on the use of electronic signatures, timestamps, and the provision of trust services based thereon (“Law no. 214/2024”) marks a significant advancement in the Romanian legislation. It aims to establish a clearer and more predictable legal framework for the use and effects of the various types of electronic signatures