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…
Category: Newsletter
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…
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…
The Artificial Intelligence Act was published
On 12 July 2024, Regulation (EU) 2024/1689 laying down harmonised rules on artificial intelligence (the “AI Act”) has been published in the Official Journal of the European Union (the full text of the AI Act is available here). The AI Act is a pioneering regulation…
Data Protection | Facial recognition in airports
Opinion 11/2024 of the European Data Protection Board on the use of facial recognition to streamline airport passengers’ flow On 23 May 2024, the European Data Protection Board (the EDPB) issued an opinion regarding the use of facial recognition technology in airports to streamline…
Intellectual Property Law | AI-generated work and copyrights
European Union (EU) landmark court decision regarding copyright for AI-generated works In a recent landmark decision, the Municipal Court of Prague ruled that an image created by an AI tool cannot be protected by copyright because it lacks a natural person as its author.…
NEW ORDER NO. 377/2024 UPDATING THE CLASSIFICATION OF ACTIVITIES OF THE NATIONAL ECONOMY - CAEN
The Order No. 377/2024 of the National Institute of Statistics updating the Classification of activities of the national economy – CAEN (the “Order No. 377/2024”), was published in the Official Gazette No. 385/25 April 2024 and shall enter into force on 1 January 2025. This…
Changes to Procedural Norms Regarding Legal Costs
On 9 April 2024, the Chamber of Deputies, acting as the decision-making body, adopted the legislative proposal to amend Article 30 of Law No. 51/1995 on the organization and practice of the profession of attorney-at-law and Article 451 of Law No. 134/2010 on the Civil…
Law 50/2024 on the implementation of the Digital Services Act has entered into force
Law no. 50/2024 on establishing measures for the application of the Regulation of the European Parliament and of the Council of 19 October 2022 on a single market for digital services and amending Directive 2000/31/EC (the “DSA”), as well as on amending and supplementing Law…
Prior approval by the European Commission of Romania’s €3 billion state aid scheme for onshore wind and solar photovoltaic installations by means of contracts for difference
1. The European Commission’s decision: According to a press release published on 06 March 2024, the European Commission has given its prior approval to a Romanian aid scheme aimed at supporting installations that generate electricity from onshore wind and solar photovoltaic power plants. The official…
Government Emergency Ordinance on Credit Administrators and Credit Purchasers
Status: During the session of the Government of Romania on 28 February 2024, the Government of Romania adopted the government emergency ordinance concerning credit administrators and credit purchasers (”GEO”). The GEO will come into effect only after its publication in the Official Gazette of Romania.…