Romanian data protection legislation finally adapted to the GDPR – Part 2

As shown in Part 1 of our report, the Romanian act for the concretisation of the GDPR came into force on 31.July 2018, and therefore with a delay. In comparison to the provisions of other EU member states, the Romanian Law 190 was kept short.


Romanian data protection legislation finally adapted to the GDPR – Part 1

Two months after the General Data Protection Regulation (GDPR) came into force, the Romanian legislative body adopted an additional law (“Law 190”) . It came into force on 31. July 2018.


“On call”work may be considered working time

Many Employers who are permanently seeking for new flexible work schedules, have implemented the so called “on call” work. Since its appearance, there has been a constant debate regarding the remuneration of the “on call” work and correct qualification from a labour law perspective.


New rules in the field of internship

The Parliament has recently adopted a law on internship and has passed it to the president to be signed. It is due to come into force on August 18, 2018.


New regulation allows quarterly dividend distribution

Among the numerous legislative changes which have been approved by the Romanian Government in the past few months – most of which have generated, unfortunately, legal and fiscal uncertainty – there is one change that should have a positive influence on the general business environment, especially for small and medium-sized companies.


Exclusion from award procedures based on ascertainment documents

In the following article we will explain the important role played by the so-called ascertainment documents (rom. documente constatatoare) in the award procedures.


New EU-VAT system for the trade in goods by 2022?

The value-added output tax is one of the most important taxes within the EU, not only in terms of amount but also one of the taxes most vulnerable to fraud and manipulation. The EU Commission therefore proposed, on 25th May 2018, some significant changes to the current VAT system for the movement of goods within the EU by business to business (B2B) traders.


Modern electronic POS devices will be mandatory starting this summer

A blind spot in the fight against minor tax evasion is the declaration of all revenues in the retail sector. In an attempt to control it, the legal status regarding cash registers (case de marcat) has been changed and supplemented in the past few years.


Interim and conservatory measures by emergency arbitration in Romania

Introduction
The new Arbitration Rules of the Court of International Commercial Arbitration of the Chamber of Commerce and Industry of Romania (the CCIR Rules) , in force as of 1 January 2018, establish the possibility to appoint emergency arbitrators


Cross-border insolvency: Rules on the harmonization of European turn-around and bankruptcy proceedings

In the context of globalisation, companies are often active not only in the country of incorporation but also in several other legal systems. If a company fails, there is a need for rules that make the insolvency proceedings predictable. In the EU there are two current regulations to take into account, one applicable before and one after 24.06.2015.