Romanian court of second instance denies arbitral jurisdiction
In a recent case, the Timiș County Tribunal decided that, where material issues of tacit waiver and inoperability of an arbitration clause occur, the mere insertion of such arbitration clause in the relevant agreement does not exclude the jurisdiction of state courts for interim injunction requests.
Tax risk assessment for VAT registrations
On 3rd October 2017 the government published new criteria for evaluating tax risk factors in VAT registrations.
Public procurement - exclusion from award procedures
Public procurement contracts are awarded, based on award criteria, to bidders who meet two conditions.
Romanian Guidelines to the GDPR - just a first step?
In September 2017, the Romanian Data Protection Authority (RDPA) took its first small steps towards the application of the EU’s General Data Protection Regulations (GDPR).
ANAF´s almost unnoticed changes of rights and obligations
Recently, ANAF announced the introduction of new Split VAT rules.
Public Procurement - Practical Issues regarding technical specifications
Technical specifications are an essential element of any public procurement procedure used by contracting authorities in Romania, as they determine the goods, services or works to be procured.
2018: Introduction of Split-VAT in Romania
In January 2018, a system of separate Value Added Tax accounts (so called “Split VAT”) will come into force in Romania.