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…
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…
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 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…
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…
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.…
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…
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…
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…
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. …
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…
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…
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…
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…