Labour law: Changes to adapt to EU law are imminent
July is likely to bring changes in the area of individual labour law.
New regulations regarding the grid connection
On June 17th and June 20th, respectively, a package of legal acts was published in the Romanian Official Journal, amending the current legal framework regarding the connection to the electricity grids that are in the public interest. These are Order No. 81/ 15.06.2022 for the amendment and supplementation of the Regulations on Grid Connection and two other orders (Order No. 82 and No. 83/ 2022 respectively) for the amendment and supplementation of the framework contents of the technical grid connection permit (aviz tehnic de racordare) and certificate (certificat de racordare). Among the most important amendments to the grid connection regulations, the following are worth mentioning:
New regulations regarding the grid connection
On June 17th and June 20th, respectively, a package of legal acts was published in the Romanian Official Journal, amending the current legal framework regarding the connection to the electricity grids that are in the public interest.
Bank guarantees: important security instruments in the construction sector
The insolvency of a construction company during the execution of construction work or during the warranty period entails serious consequences for the investors/clients.
Business restructuring options in Romania: Spin offs
As the business environment is constantly changing at a high pace, the investors must be able to make the best-informed decision when it comes to investment or disinvestment decisions.
Current developments in labour law
In the current Romanian labour law, a number of relevant changes have occurred or are either expected or desirable. The following is a brief summary.
Commissioning of new buildings - when and how?
In practice, it often happens that developers/ investors plan the commissioning of new buildings very shortly after the completion of the construction works.
Dual quality ban also applicable in Romania
Starting 28.05.2022 companies must be very careful when marketing similarly packaged and labelled products in different EU Member States.
NEWSFLASH - Salary increase and new tax incentives for the food and agricultural industry as of 1 June
NEWSFLASH - Salary increase and new tax incentives for the food and agricultural industry as of 1 June The Romanian Law 135/2022, which came into force on 20. May 2022, brings a salary increase and tax incentives for the agricultural and food sector as of 01. June 2022. Please find more details here.
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 exchange and promissory notes (Rom. Legea asupra cambiei și biletului la ordin) continues to be an attractive option for creditors in a hurry. In Romanian court practice, one finds it difficult to interpret the outdated wording in conjunction with subsequent laws – especially the meanwhile existing 5 consecutive versions of the Civil Procedure Code ("CPC").