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Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Amendments to the renewables incentives scheme aimed to save the renewable energy from collapse

Background

The green certificates support scheme in a nutshell

Romania implemented a support system for renewable energy based on green certificates (GCs) granted free of charge to producers of electricity from certain renewable energy sources (hydropower <10 MW, wind, solar, biomass, landfill gas and sewage treatment plants), and an obligation imposed on electricity suppliers to acquire a certain number of GCs.

LAW ON THE TERMINATION OF INTRA-EU BILATERAL INVESTMENT TREATIES

1. The adoption of the Law on the termination of intra-EU BITs

On 27 February 2017, the Romanian Parliament adopted Law 18/2017 on the termination of Bilateral Investment Treaties (“BITs”) concluded between Romania and European Union Member States (“Law ”). The Law has been published in the Official Gazette no. 198 of 21 March 2017 and will enter into force on 24 March 2017.

New PPP Law in Romania to jump-start the use of public-private partnership

The highly anticipated new Romanian law on public-private partnership ("New PPP Law") has been finally enacted and will enter into force on 25 December 2016. It replaces the former Law no. 178/2010 on public-private partnership, which due to significant legislative inconsistencies has failed to accommodate any public-private partnership ("PPP").

Trade Finance in Romania: Taking Security over Oil in Storage Terminals

June 2016 - Finance. Legal Developments by Volciuc-Ionescu.

More articles by this firm.

Trade finance is generally not very developed in Romania, at least by comparison with other EU Member States and developed and emerging markets.  In this briefing, we set out certain remarks in relation to taking security over oil products which are in storage in oil terminals in Romania, which should be considered in the context of an oil products trade finance transaction.

The Dispute Resolution Review Sixth Edition - Romania

Disputes in Romania are settled in court in the vast majority of cases, under procedures regulated mainly by the new Civil Procedure Code (CPC). The CPC entered into force on 15 February 2013, has carried out a systemic and extensive overhaul of the Romanian dispute resolution model. With a specific focus on acceleration of trial proceedings, the new regulation has reformed both the schedule and the content of proceedings taking place in various phases of the lawsuit, while attempting to clarify many of the controversies raised by interpretable provisions in the former regulation.

For sale: Romania - "Europe's granary"

Initiated late November 2013 and adopted by the Romanian Parliament on 17.12.2013 (to be published upon the President's confirmation), the law regarding purchase of agricultural lands by non Romanian EU Citizens is setting the ground rules expected for the past 7 years, since Romania's accession to EU.

Although the purchase of land by non Romanians is not completely liberalized, the proceedings put in place are clear, swift and friendly for investors.

Ţuca Zbârcea & Asociaţii: Getting the Deal Through – Dominance 2014

February 2014 - EU & Competition. Legal Developments by Tuca Zbarcea & Asociatii.

More articles by this firm.

The Romanian Competition Council (RCC) practice has defined dominance by referring to cases where an undertaking is able to behave, to an appreciable extent, independently towards its competitors or clients on the relevant market.

 

The Mining Law Review Second Edition - Romania

Before 1989, when the Communism regime fell, mineral resources in Romania were exploited by state-owned companies. Although these exploitations were advertised as big economic successes of the communist governments, in reality, most of them were using outdated technology and some caused significant pollution in the mining perimeters. Moreover, in the context of Romania's negotiations to join the European Union, some of the mining exploitations had to be shut down as they were far from being compliant with the European environmental standards.

Romania: VAT registration no longer required for electricity traders on OPCOM markets

September 2013 - Projects,  Energy and Natural Resources. Legal Developments by Buzescu Ca. More articles by this firm.

Author: Corina Papuzu, Senior Associate

Starting with September 1, 2013, the VAT registration is no longer required for electricity trading on the Day-Ahead Market and Intra-Day Market operated by OPCOM, the Romanian Electricity and Gas Market Operator.

How can the Romanian Constitution be revised

Although its stability over time represents the essence of the Romanian Constitution (the “Constitution”) and of any constitution, such fundamental law within the Romanian legal system should at the same time, at any moment, represent both a frame of reference for the Romanian social, political and economical life and a reflection of such. Given the accelerated changes within the society, in order for the Constitution to be brought in line with the overall social, political and economical evolution and perspectives, a procedure for its revision and also the limitations in what regards the possibility for the Constitution to be revised are established by this fundamental law itself. .

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