Legal risks for contractors in disputes originating from FIDIC Red Book contracts
The 1999 FIDIC ‘Red Book’ form of contract has been, for many years, a widely used standard in international construction works which are based on design provided by the project’s employer.
VAT Reimbursement: new database for tax risk classification
In Romania, a recent order has changed the VAT reimbursement procedure.
New rules for the posting of workers to/ from Romania
On 20.05.2017, a new Romanian law regarding the international posting of workers has been published.
Construction in Romania: reform cancelled, yet promising perspectives
The end of last year saw a reform regarding the authorization of constructions and urban planning. After a few months, this reform was however cancelled; yet there is still hope for a modern legislation.
Are contributions to the Romanian social fund for the construction industry mandatory?
The Social Fund (Romanian Law no. 215 / 1997 on the establishment and operation of the social fund for building contractors [casa socială a constructorilor]) came into force in 1997.
Romanian Rules on the Trade of Agricultural and Food Products might breach EU Law
In the middle of the last year, the Romanian Law 150/ 2016 (hereinafter referred to as „Law 150“) amending Law no. 321/2009 on the marketing of food products was published.
New Developments in the Romanian Public Procurement Legislation
In 2016, the Romanian public procurement legislation was completely changed. The package includes new primary and secondary legislation (four new laws and methodological norms related to three out of these laws).
Tax changes affecting the IT-business
In Romania, certain employees belonging to the IT sector, such as programmers, have been benefitting from certain tax incentives since 2004.
Three myths about arbitration in Romania
While it is common knowledge for law professionals that parties bound by commercial contracts have, according to Romanian law, the legal option to defer their contractual disputes to arbitration as an alternative to state courts, such option remains rather unknown to the Romanian business environment.
Romanian taxes: New Year - new changes
On December 6th 2016, Romania had introduced significant changes in the tax legislation, which became effective with January 1st 2017.