NEW LAW NO. 299/2024 AMENDING AND SUPPLEMENTING THE COMPANY LAW NO. 31/1990

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…

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

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…

CONSUMER PROTECTION | Order 539/2024 on consumer informing on the marketing of pre-packaged products whose volume or weight has decreased

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…

CYBERSECURITY | Draft law transposing the NIS 2 Directive

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

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

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

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…

Romania’s Disaster Movie: The Film Industry Cash Rebate Scheme that Wasn’t

Romania’s Disaster Movie: The Film Industry Cash Rebate Scheme that Wasn’t

2018 saw the introduction of the Romanian movie production cash rebate system and a subsequent uptick in movie productions seeking to develop in Romania. The ambitiously outlined rebate system seemed quite appealing, initially. However, over the past three years, it failed to live up to…

Renewed Efforts to Develop PPPs in Romania

Renewed Efforts to Develop PPPs in Romania

Although Romania’s history with public-private partnerships (PPPs) spans over two decades, the legal framework in force until 2018 did not attract sufficient private partner interest for the development of such projects. As a result, to date, the number of successful PPPs remains rather low. The…

Leroy si Asociatii is recognized by IFLR1000 once again

Leroy si Asociatii is recognized by IFLR1000 once again

  IFLR1000 has published its 2022 rankings and Leroy si Asociatii has maintained a leading position with high rankings in several categories. The firm’s mergers and acquisitions, banking & finance, capital markets and project development practices are all ranked by IFLR1000, having both its partners…

Andreea Toma, Partner at Leroy și Asociații, has been awarded the title of IFLR 1000 Women Leaders 2022

Andreea Toma, Partner at Leroy și Asociații, has been awarded the title of IFLR 1000 Women Leaders 2022

With more than 20 years of experience in mergers & acquisitions, banking & finance and projects & infrastructure, Andreea Toma has been awarded the title of IFLR 1000 Women Leaders 2022. Her competence has been recognized by IFLR 1000 for the third year in a…

Andreea Toma, entered the 2021 Global Guide of the Best Legal Professionals, prepared by IFLR 1000!

Andreea Toma, entered the 2021 Global Guide of the Best Legal Professionals, prepared by IFLR 1000!

With more than 20 years of experience in mergers & acquisitions, banking & finance and projects & infrastructure, Andreea Toma is once again recognized by IFLR 1000 WOMEN LEADERS 2021!   “Andreea has an impressive track record, being consistently appreciated by clients and peers for…

New Legislative Changes on Kurzarbeit and Financial Support for Telework

New Legislative Changes on Kurzarbeit and Financial Support for Telework

On December 9, 2020, the Law no. 282/2020 for the approval of the Government Emergency Ordinance no. 132/2020 on support measures for employees and employers in the context of the spread of SARS-CoV-2 coronavirus, as well as on encouraging employment (hereinafter referred to as the…

Important amendments to Companies Law

Important amendments to Companies Law

The Law No. 223/2020 for the simplification and de-bureaucratization of the transfer of shares in limited liability companies and of the payment of the share capital, has been published in the Official Gazette of Romania No. 1018/2 November 2020 and enters into force on 4…

Energy & Natural Resources

Energy & Natural Resources

“This team has outstanding business knowledge, in addition to fine expertise in all relevant legal matters.” – Chambers Europe Energy and Natural Resources is a major practice area for Leroy şi Asociaţii. We provide a full spectrum of legal services to major companies and investors…

Intellectual Property & Data Protection

Intellectual Property & Data Protection

“Leroy si Asociatii has extensive expertise advising on high-profile transactions.“ – Legal 500 Intellectual Property Leroy și Asociații has a longstanding experience both in consultancy and litigation related to intellectual property. In the context of an increasingly-connected and technological world, intellectual property becomes an essential…

Employment

Employment

“Leroy si Asociatii has strong relationships with major employers from across several sectors, including consumer goods, pharmaceuticals, manufacturing, infrastructure and logistics. “ – Legal 500 Our Employment team advises on all aspects of employment, collective labour relations, social security matters, immigration and benefits. Our lawyers…

Dispute Resolution

Dispute Resolution

  “Leroy și Asociaţii is ‘particularly skilled in administrative law litigation’ such as competition and procurement disputes.” – Legal 500 Our Dispute Resolution team advises and represents clients in disputes arising in a broad range of business law areas, such as general civil and commercial…