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…
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…
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…
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…
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…
On 30 April 2021 several amendments1 to the Law no. 129/2019 on the prevention and combating of money laundering and terrorism financing (the “AML Law”) have entered into force. The main amendments to the AML Law include: • the obligation to submit the statement on…
“In 2020, the M&A market has started with high hopes with Q1 witnessing a larger number of transactions signed by reference to the same time period in 2019. The COVID-19 pandemic has postponed or even cancelled deals that had not reached closing by the end…
Law no. 175/2020 published with the Official Gazette no. 741 / 14 August 2020 (the “Law”) amending law no. 17/2014 on the sale and purchase of extra muros agricultural lands (the “Law no. 17/2014”) entered into force on the 13th of October. Click here to…
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…
“The lawyers are business-oriented and give you solutions, rather than just raising issues.” – Chambers Europe Leroy şi Asociaţii’s real estate lawyers are involved in real estate acquisition, development and construction as well as financing projects in the Romanian market. We advise investors, developers, contractors…
“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…