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On 26 June 2024, the Romanian Competition Council (the "RCC") announced that it had conducted a dawn raid as part of an investigation concerning the possible abuse of a superior bargaining position by a company active in the supply of liquid medicinal oxygen against a public hospital.

The absence of a contract regulating the duration and termination of a distribution relationship does not necessarily entitle a party to abruptly terminate the agreement without facing financial exposure to the other party.

The Romanian Government has recently passed a legislative package aimed at strengthening public finances and tightening corporate rules. Among the most important changes are those concerning...

Many questions arise when a contractual partner enters into insolvency.

Is your state a party to the New York Convention? Are there any noteworthy declarations or reservations? Yes. The reservations made upon accession are as follows:

Luxembourg and Cyprus have implemented the above referenced provisions in identical form to the Directive.

Many questions arise when a contractual partner enters into insolvency.

In May 2019, the European Parliament and the Council of the European Union have enacted Directive (EU) 2019/771 on certain aspects concerning contracts for the sale of goods...

The COVID-19 pandemic is expected to impact the process, timeline and documentation of M&A transactions in the turbulent times ahead of us.

In March the European Commission approved a EUR 3bln (RON 15.22bln) Romanian scheme to support installations producing electricity from onshore wind and solar photovoltaic.

8 May 2020 – During the current state of emergency, the Romanian government has adopted a series of measures aimed at reducing the negative effects of the COVID-19 pandemic

A cyberattack on Romania's National Agency for Cadastre and Property Registration has paralyzed the country's real estate market, preventing the authentication of property transactions and raising complex questions about force majeure, contractual obligations, and the legal status of pending registrations. This analysis examines the legal implications of the infrastructure failure, explores available remedies including VAT deadline extensions and alternative transaction structures, and assesses the broader

The summary below describes some of the legal aspects relevant to our clients regarding the emergence of the novel coronavirus (COVID-19) in Romania.

Romania's new Code on Territorial Planning, Urbanism and Constructions represents a comprehensive reform of urban development regulations, introducing digital infrastructure, integrated approval processes, and new planning instruments. The Code consolidates fragmented legislation into a unified framework affecting developers, investors, lenders, and property owners through significant changes to permitting, construction authorization, and building lifecycle management.

The summary below describes some of the legal aspects relevant to our clients regarding the emergence of the novel coronavirus (COVID-19) in Romania.

La 5 aprilie 2013 a intrat in vigoare Legea nr. 72/2013, privind masurile pentru combaterea intarzierii in executarea obligatiilor de plata a unor sume de bani rezultand din contracte incheiate intre profesionisti si intre acestia si autoritati contractante ("Legea"), ce a fost publicata in Monitorul Oficial, Partea I nr. 182 din 2 aprilie 2013.