CMS: Romanian FSA withdraws Carpatica Asig SA’s licence and commences...
On 27 July 2016, the Board of the Romanian Financial Supervisory Authority (“FSA”) analysed the status of the Romanian insurance undertaking Carpatica Asig SA, considering several audit and assessment...
View ArticleStarting 1 August 2016, the reduced 9% VAT rate is applicable for specific...
Under Order 1155/ 868/2016, the reduced 9% VAT rate applies for the following categories of goods: – Fertilizers; – Pesticides; – Seeds and other agricultural products for seeding or planting. The...
View ArticleCMS: Romanian Energy law amendments affect electricity trading
On 28 June 2016, the Romanian Parliament adopted the “Law Amending and Supplementing the Romanian Energy and Natural Gas Law” (the “Law”). The Law modifies the legislative framework for electricity...
View ArticleCMS: Enactment of offshore regulations in Romania
On 28 July 2016, the “Law on the Safety of Offshore Oil Operations” (the “Offshore Law”) was published in the Official Gazette. The Law establishes the minimum requirements necessary to prevent major...
View ArticleRomanian Legal Week: August 1-7, 2016
European funds for SMEs in agriculture The European Investment Bank (EIB) has provided on 29 July 2016, a loan of 15 million euro to the company Agricover Credit IFN for the purpose of financing small...
View ArticleDeloitte Grows Digital Practice in Romania
In a move to offer solutions to meet ever changing needs of the market, Deloitte Romania is expanding its consulting practice by further focusing on Digital Transformation. Experienced consultant...
View ArticleSubmission deadline changed for form 394
Starting with the reporting period for July 2016, the legal deadline for submitting form 394 (the local sales and purchases list) is changed to the 30th of the month following the reporting period. If...
View ArticleRomanian Legal Week: August 8-14, 2016
The Government issued the methodological requirements concerning the adoption law The Government approved on 10.08.2016, during its session, the methodological requirements concerning the adoption law....
View ArticleSignificant changes brought to Law no. 10/1995 on construction quality
Law no. 163/2016 for amending and supplementing Law no. 10/1995 on construction quality (“Law 163/2016” or “Amending Law”) was published in the Official Gazette no. 561 dated 25 July 2016 and will...
View ArticleRomanian Legal Week: August 15-21, 2016
HCCJ. What must be proved in case of a penalties clause that is part of a share sale and purchase agreement The High Court of Cassation and Justice has ruled that the court of appeal correctly stated...
View ArticleImplementation of Common Reporting Standards (CRS)
On 24 August 2016, the Ministry of Public Finance published the Order for implementing and applying procedures of the CRS. The new legislative act provides the actions/procedures for meeting the...
View ArticleRomanian Legal Week: 22-28 August, 2016
The completion of the Law on the Tax Code The Ministry of Public Finance has launched in public debate on Tuesday, 23rd August 2016, the draft of the Emergency Ordinance on the completion of Law no....
View ArticleDeloitte Romania’s Corporate Finance Team Combines with Filipescu Visa to...
In an extremely dynamic business environment, Deloitte Romania has further invested in its growing Financial Advisory practice by combining its Corporate Finance team with well-known financial advisors...
View ArticleRomanian Legal Week: August 29 – September 4, 2016
Amendment of normative acts on foreigners In the Official Gazette of Romania, Part I, no. 670 of 31 August 2016 was published the Government Ordinance no. 25/2016 amending and supplementing certain...
View ArticleNew regulations on fire safety and civil protection authorizations applicable...
The Order of the Ministry of Internal Affairs (“MIA”) no. 129/2016 approving the Methodological Norms on fire safety and civil protection authorization procedures (“Order no. 129/2016”) entered into...
View ArticleRomanian Legal Week: September 12-18, 2016
CCR. Unsolved civil action in case of cease of criminal law suit as a result of the prescription of criminal liability Tuesday, 13th September 2016, Constitutional Court Plenum debated the...
View ArticleRomanian Legal Week: September 19-25, 2016
Government emergency ordinance regarding the civil auto insurance for the damages caused to the third parties through cars and trams crashes In the Official Journal of Romania Part one, no. 723 from...
View ArticleThe Chamber of Deputies had formally approved on September 20, 2016 the Law...
The Law regarding the tax on specific activities (such as: activities performed in the area of hotels, restaurants or bars) also known as the “HoReCa” Law, after being sent back for re-examination and...
View ArticleBONDOC SI ASOCIATII has expanded its team
BONDOC SI ASOCIATII has expanded its team by adding 7 more lawyers who will strengthen the law firm’s M&A, Real Estate and Litigation practices, as follows: Bogdan Bunrau, Managing Counsel, Adelina...
View ArticleBill granting National Authority for Consumer Protection similar sanctioning...
A bill for amending the National Authority for Consumer Protection’s statute is currently pending before the standing committees of the Senate (hereinafter referred to as the “Bill”). In June 2016, the...
View Article