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Articles contributed by Peli Filip
1. Background The Romanian Competition Law no. 21/1996 (the "Law") has been adopted and amended on various occasions so that it reflects the evolution of the competition law provisions in the EU. On 6 July 2010 the Law has been substantially amended, introducing among other institutions the commitments procedure for anticompetitive practices. Previously, the commitments were available only in merger cases under the form of remedies. The commitments procedure has been detailed in RCC guidelines issued in December 2010 (the "Guidelines"), which have been amended at the end of year 2012.
As of 1 October 2011 the New Civil Code approved under Law no. 287/2009, as amended, will enter into force. The New Civil Code brings major amendments to contractual law in general, including to the legal regime of lease agreements.
Francisc Eduard Peli and Alina Stancu-Birsan - PeliFilip
1 Collateral What types of collateral are available? The collateral package for a Romanian project is relatively similar to global project finance practice and includes security on the assets and rights of the project company as well as its shares.
Carmen Peli and Carmen Korsinszki - PeliFilip
1 How is health care in your jurisdiction organised? The current Romanian health-care system was set by Law No. 95/2006 regarding the reform of the health-care system (Health Care Law), which creates the legal framework for the organisation and financing of the health-care system.