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Articles contributed by Tuca Zbarcea & Asociatii
Better Business in Romania - Corporate
Cornel Popa, Partner Tuca Zbârcea & Asociatii
Cristian Radu, Managing Associate Tuca Zbârcea & Asociatii
Business activities in Romania may be carried out as a rule by companies (which may be owned without any restrictions by Romanian or foreign shareholders) or by other forms of business organizations such as authorized individuals, individual undertakings or family undertakings within the framework set out in the Companies Law No. 31/1990 (the Companies Law) and the Government Emergency Ordinance No. 44/2008 on the performance of business activities by authorized individuals, individual undertakings and family undertakings (GEO 44/2008).
Creditor and Debtor Disputes
Ionut Serban, Partner Tuca Zbârcea & Asociatii
Economic instability in the last year has continued to exert significant pressure on the budgets of companies in debt, with amiable payment of outstanding receivables still usually challenged and subject to delay. This, in turn, has increased the number and complexity of disputes issued in courts and in arbitration, calling forth new developments in the dispute resolution system.
Public Procurement and Concessions
Serban Pâslaru, Partner Tuca Zbârcea & Asociatii
Vlad Cercel, Managing Associate Tuca Zbârcea & Asociatii
Public procurement, concessions and public-private partnerships in Romania are regulated by a set of enactments which set forth the legal framework within which co-operation between the public sector and the private sector may be established with a view to developing public projects with the involvement of the private sector.
A Judge's Power to Adapt or Terminate a Contract Under the New Civil Code of Romania
Ioana Gelepu, Partner Tuca Zbârcea & Asociatii
Hardship is one of the entirely new concepts to feature in the New Civil Code of Romania (NCC).
Romania's Civil Code Where Do We Stand After 147 Years?
Robert Roşu, Partner Tuca Zbârcea & Asociatii
The basis of the modern judicial system in Romania is laid out in the Civil Code, Criminal Code, Civil Procedure Code and Criminal Procedure Code, originally drawn up under the Romanian ruler Alexandru Ioan Cuza in 1864 in order to reflect the realities of a rapidly evolving society in Romania at that time.
Abuse of Rights under the New Civil Code of Romania
Christina Vlădescu, Partner Tuca Zbârcea & Asociatii
A substantial change brought about by the New Civil Code of Romania (NCC), with a potential impact on future case law, is the codification of legal doctrine and case law on the concept of abuse of rights.
Romania's Gambling Law Amendments. A Lawyer's Analysis
Cristian Radu, Managing Associate Tuca Zbârcea & Asociatii
The Romanian government recently passed Government Decision No. 823/2011 which amends and supplements the functioning of Government Emergency Ordinance No. 77/2009 on the organisation of gambling activities - the primary piece of legislation for the sector. This new enactment had a particular focus on the online gambling market and has introduced, for the first time, conditions for the licensing of online gambling operators and for the organisation of online gambling activities
Overview of the Romanian Real Estate Market
Dan Borbely, Partner Tuca Zbârcea & Asociatii
Raluca Mişu, Senior Associate Tuca Zbârcea & Asociatii
In line with the massive development of the worldwide real estate industry, which reached its peak in 2008, the Romanian real estate market witnessed a period of significant change and achievement. The residential, office and retail sectors have rapidly developed and in less than a decade Romania’s real estate environment has substantially changed.
The Corporate Governance Review
Argentina
Australia
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The International Comparative Legal Guide to:
Pharmaceutical Advertising 2010. A practical cross-border insight into pharmaceutical advertising. Advertising of medicinal products in Romania is specifically regulated under Title XVII (Pharmaceutical Products), Chapter VIII (Advertising) of Law No. 95/2006 on the health sector reform (Law 95/2006, the Law), implementing Directive 2001/83/EC on the Community Code relating to medicinal products for human use. Other general enactments regarding advertising apply also the medicinal products.
Commercial Law in Romania: New enactments in force
Commercial Law in Romania: New enactments have been recently enforced - Law No. 118/2008 for the approval of Government Emergency Ordinance No. 119/2007 on the measures for fighting against the delay in the performance of the payment obligations resulting from commercial agreements (“Law No. 118/2008”), the Emergency Ordinance No. 79/2008 of 18 June 2008 on economic-financial measures for certain business entities (“G.E.O. No. 79/2008”) and the Emergency Ordinance No. 90/2008 on the statutory audit of annual financial statements and of consolidated annual financial statements („G.E.O. No. 90/2008”).Read more...