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…
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…
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…
The M&A team of the law firm Leroy si Asociatii assisted TEREOS, one of the world’s largest sugar producers, on the takeover of its sugar factory in Ludus, Romania, by two independent Romanian investors. Leroy si Asociatii, with Bruno Leroy – Founding Partner and Andreea Toma – Partner, coordinated…
Law no. 361/2022 is one of the much-awaited legal novelties of the end of 2022. Its objective is to regulate the general framework for the protection of persons who report violations of legislation in certain domains, which occurred or are likely to occur, within public…
As of January 1st 2023, the sanctions for failing to comply with the provisions of the Government Emergency Ordinance no. 41/2022 on the creation of the National System for monitoring the road transport of high fiscal risk goods enter into force. A. Status The Government…
NEW GOVERNMENT ORDINANCE NO. 18/2022 PERTAINING TO THE AUTHORIZATION AND OPERATION IN ROMANIA OF REPRESENTATIVE OFFICES OF FOREIGN COMPANIES AND ECONOMIC ORGANIZATIONS The Government Ordinance no. 18/2022 pertaining to the authorization and operation in Romania of representative offices of foreign companies and economic organizations (the…
On 26 July 2022, Law No. 265/2022 regarding the trade registry and amending and supplementing other legal instruments applicable to the registration with the trade registry (“Law No. 265/2022”), including the Companies Law No. 31/1990 (“Companies Law”), was published in the Official Gazette No. 750/2022. …
Publication in the Official Gazette of Government Emergency Ordinance no. 46/2022 on measures to implement Regulation (EU) 452/2019 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the examination of foreign direct investment in the Union and for…
Decision for the approval of the Norms on the regulation, recognition, approval or acceptance of the procedure for the remote identification of persons via video means Decision no. 564 / 11 November 2021 issued by the Authority for the Digitization of Romania (the “Authority”) approving…
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…
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…
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…