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…

Publication in the Official Gazette of Romania of Law no. 243/2024 on Consumer Protection regarding the Total Cost of Credit and the Assignment of Claims

Publication in the Official Gazette of Romania of Law no. 243/2024 on Consumer Protection regarding the Total Cost of Credit and the Assignment of Claims

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…

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…

Intellectual Property Law | AI-generated work and copyrights

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.…

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…

Leroy și Asociații strengthens its litigation and arbitration practice in collaboration with Nela Petrișor - a highly reputed legal professional

Leroy și Asociații strengthens its litigation and arbitration practice in collaboration with Nela Petrișor - a highly reputed legal professional

Leroy și Asociații strengthens its litigation and arbitration department through the professional cooperation with Nela Petrișor, as Of Counsel. „We are delighted with Nela Petrișor’s decision to collaborate with our law firm. Her vast experience not only complements, but adds value to our projects, while…

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…

Leroy and Associates advised Groupe Rocher on its acquisition of Romania's Sabon retailer

Leroy and Associates advised Groupe Rocher on its acquisition of Romania's Sabon retailer

“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…

Amendments to the Law on the acquisition of agricultural lands

Amendments to the Law on the acquisition of agricultural lands

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…

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…

France - Romania: A long history of excellent cooperation

France - Romania: A long history of excellent cooperation

As part of the Romanian Prime Minister, Ludovic Orban’s visit to Paris this Monday, October 26th, and his meeting with Prime Minister Jean Castex, it is important to recall the solidity and the anteriority of the political and cultural links between the two countries.  The…

Real Estate

Real Estate

“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…

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…

Projects & Infrastructure

Projects & Infrastructure

“Practice head Andreea Toma, who has ‘a great knowledge of local law’, advised Vistrada Nord consortium on the award of the Comarnic-Brasov motorway project and during the following concession agreement negotiations.“ – Legal 500 “Partner Andreea Toma   has almost 20 years’ experience on public procurement and infrastructure…