The Romanian Parliament has recently adopted Law no. 127/2014 amending and supplementing the Electricity and Natural Gas Law no. 123/2012 and the Petroleum Law no. 238/2004. (more…)
Category: News: client briefs
Proposed Amendments to the Romanian Capital Market Law
On 6 October 2014, the Ministry of Public Finance launched for public debate a draft law amending and supplementing Law no. 297/2004 on capital market. (more…)
RASDAQ Market Dismantling
On 30 September 2014, the Romanian Chamber of Deputies adopted a law intended to clarify the legal status of shares traded on the Rasdaq market and the unlisted securities market. (more…)
Recent Reform of the Romanian Law on Unfair Competition
Government Ordinance no. 12/2014 has recently amended the main Romanian legal enactment on unfair competition – Law no. 11/1991. The scope of these amendments covers the content of the prohibited unfair competition practices, as well as a more precise regulation of the Competition Council’s role…
State Aid Scheme for Electro-intensive Industries: Partial Exemption from the Payment of Green Certificates
A new State aid scheme targets electro-intensive industries, by partially relieving them from the payment of the green certificates which they would normally have to pay in relation to their electricity consumption. (more…)
New Incentives for Job-creating Investments
The European Commission has recently approved Romania’s map for granting regional development State aid between 2014 and 2020. (more…)
The Transposition of the European Directive on Consumer Rights: A Focus on Distance and Off-Premises Contracts
A new text has recently joined the overabundance of Romanian norms in the area of consumer protection: Government Emergency Ordinance no. 34/2014 on the rights of consumers in contracts concluded with traders, transposing Directive 2011/83/EU of the European Parliament and of the Council on consumer…
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. (more…)
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. (more…)
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…
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. (more…)
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. (more…)
