Relevant aspects regarding consumer protection law in Romania
The Consumer Protection Law No. 21/1992 in Romania aims to balance the relationships between traders and consumers, ensuring consumer rights in Romania through deviations from common contract and civil liability law and promoting informed contractual consent,
Guidelines on Foreign Exchange Business of Foreign Financial Institutions
On October 18, 2023, the Guidelines on Foreign Exchange Business of Foreign Financial Institutions (the Guidelines) were established and implemented to open the domestic foreign exchange market to the outside world. We will touch on the background behind the establishment of the Guidelines and main contents thereof below.
Termination and rescission of the agreement. Terminating the contract in a civil litigation in Romania
According to the Romanian civil code, terminating the contract in Romania can happen in various ways, the main reason being, in general, non-compliance with contractual obligations.
Proposed Amendment to the “Act on Prevention of Divulgence and Protection of Industrial Technology”
On June 28, 2023, the Ministry of Trade, Industry and Energy (the “MOTIE”) pre-announced proposed amendments to the Act on Prevention of Divulgence and Protection of Industrial Technology (the “Industrial Technology Protection Act” or “ITA”) which would broaden the scope of the application of the ITA and reinforce the regulatory framework (MOTIE Public Notice No. …
New Developments on Dual-Class Shares
The amended Act on Special Measures for the Promotion of Venture Businesses (the “Amended Act”),
Responding to Expanded SAPA Application Scope that Includes Smaller Businesses (50 Workers or Fewer)
The Serious Accidents Punishment Act (the “SAPA”), which imposed the duty to ensure safety and health on businesses’ Responsible Management Personnel (“RMP”), became effective on January 27, 2022 and applies to businesses with at least 50 full-time employees (or a total construction cost of at least KRW 5 billion for construction businesses).
Transforming Building Safety: Thailand’s New Ministry Regulation
In an effort to boost building safety and elevate construction standards, Thailand has introduced a comprehensive new Ministry regulation.
Moral Damages in UAE Law: A Recent Landmark Case
Introduction: Moral damages, non-material or non-pecuniary damages, are a significant part of Federal Law No. 5/1985 on the Civil Transactions Law (Civil Code) in the UAE.
Damaged by Rains? Read More to Know Who Is Liable
The United Arab Emirates (UAE) was hit by heavy rains and high winds over the weekend, causing damage to vehicles and houses.
Understanding UAE Non-Muslim Family Laws: A Guide to Marriage, Divorce, and Inheritance in the UAE
In the UAE, non-Muslims have a specific legal framework to follow when it comes to marriage, divorce, and inheritance.