Enforcement on the basis of (promissory) notes vs. the general enforcement procedure

Although almost 100 years old, the Romanian Law No. 58/1934 on bills of…


Arbitration and Insolvency Friends or Foes

Business matters are very dynamic and require a high level of flexibility. For…


When and how are data breaches to be reported?

In mid-December, the European Data Protection Board (EDSA) adopted the…


Romania wants to become more attractive for "digital nomads“

On 14.01.2022, Law No. 22/2022 (hereinafter "the Law"), which introduces the…


Conduct rules for combating money laundering

Unternehmen, die in Rumänien zu Umsatzsteuerzwecken registriert sind, können am…


The importance of the Internal Controls in Preventing abuse within Organizations

Almost all organizations use internal control systems, i.e. packages of…


NEWSFLASH - Wind of change in Romanian energy law

NEWSFLASH - Wind of change in Romanian energy law After several months of…


Categories of shares with different voting rights under discussion

On 8.12.2021 a draft law aimed at significantly amending and completing Company…


Do‘s and Don’ts for real estate purchase agreements

We have recently noticed a strong tendency of extending existing investments.…