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  • Article

    To The Point: Finance | Q2 2020

    In Q2 2020 we faced the new challenges brought about by Covid-19
    RomaniaCoronavirus (COVID-19)
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    New Romania's Adhesions To The International Agreements

    RomaniaMedia, Telecoms, IT, Entertainment
    Rominvent S.A.
    Rominvent S.A.
  • Article

    EU Directive Requires The Reporting Of Transactions In Romania As Of 2020

    The Fiscal Authority (FISC) of Romania receives information on the persons who have opened accounts at the banks and financial institutions in Romania and are doing transactions using them.
    RomaniaFinance and Banking
    Eurofast
    Eurofast
  • Article

    Amnesty For Penalties

    RomaniaAccounting and Audit
    Pricewaterhouse Coopers
    Pricewaterhouse Coopers
  • Article

    Am I Saying Anything When Abstaining From Voting As A Shareholder?

    Historically speaking, uncertainty always existed in Romania regarding the meaning of abstention in general meetings of shareholders. What is at stake is the means to calculate the ...
    RomaniaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Romanian Government To Grant Credit Lines To Companies

    In light of the Covid-19 crisis, the Ministry of Public Finance of Romania has announced that it will guarantee up to 80% of the value of the financing granted to SMEs.
    RomaniaStrategy
    Eurofast
    Eurofast
  • Article

    Law On Debt Discharge To Enter Into Force

    The "debt discharge" (darea in plata) allows for the discharge in full of any loans contracted by a natural person and secured by a mortgage arrangement, including any accessories in connection therewith.
    RomaniaFinance and Banking
    Wolf Theiss
    Wolf Theiss
  • Article

    Amnesty For Penalties

    RomaniaStrategy
    Pricewaterhouse Coopers
    Pricewaterhouse Coopers
  • Article

    EU Banking Resolution Framework – Publication Of Romanian Draft Law Transposing BRRD

    On 11 June 2015, the Romanian Ministry of Public Finance published the draft law transposing into Romanian legislation the EU Directive 2014/59/EU of the European Parliament and of the Council...
    RomaniaFinance and Banking
    Volciuc-Ionescu SCA
    Volciuc-Ionescu SCA
  • Article

    New Salary Tax Rates Applicable To Salaries Paid In July 1996

    RomaniaAccounting and Audit
    Pricewaterhouse Coopers
    Pricewaterhouse Coopers
  • Article

    Romania Introduces Massive Tax Changes

    Unable to keep its budget deficit under control, Romania announced a comprehensive package of tax measures earlier this year aimed at ensuring the country's long-term financial sustainability.
    RomaniaTax
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Changes Ahead For Investment Firms

    The Romanian Financial Supervisory Authority (FSA) released for public consultation a draft regulation proposing amendments to its Regulation 5/2019 applicable mainly to investment firms and...
    RomaniaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Is The New PPP Legislation Giving A Boost To Infrastructure Projects?

    This seems to be a hot year-end for Romanian infrastructure, with the government recently launching the first public procedure for the award of a strategic infrastructure project under the new Romanian PPP legislation.
    RomaniaGovernment, Public Sector
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    50% Super-deduction For Stock Exchange Listing Costs In Romania: Implementation Rules Now In Force

    Romania has introduced a new corporate income tax incentive allowing companies to claim an additional 50% deduction on expenses related to stock exchange listings. With the recent publication of Order 804/2026, the framework is now complete, covering consultancy fees, regulatory charges, market operator fees, and other substantiated costs incurred during the admission and first-year maintenance period.
    RomaniaTax
    Kinstellar
    Kinstellar
  • Article

    Price Waterhouse Romania: Flash Report No.12: Clarification Of Expatriate Tax St

    RomaniaAccounting and Audit
    Pricewaterhouse Coopers
    Pricewaterhouse Coopers
  • Article

    Implementation Of NPL Directive In Romania Slowly Advancing

    Romania is currently taking steps to transpose Directive EU 2021/2167 on credit servicers and credit purchasers (the "NPL Directive") into national law.
    European UnionFinance and Banking
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Factoring And Liquidity Facilities: Making The Best Of Both Worlds

    Factoring volumes in Romania have seen a marked increase over the last year, up to EUR 3.68bln in the first half of 2022, according to public sources.
    RomaniaFinance and Banking
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Moving Lock, Stock And Barrel To The Cloud: What Banks Need To Know When Negotiating With Service Vendors

    Skimming through business journals from the last decade or so, it feels like the transition to cloud computing has been looming over the banking
    RomaniaFinance and Banking
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Profi Rom: Romania's Largest Leveraged Buyout

    In Romania's largest leveraged buyout and largest retail transaction to date, Dechert lawyers guided private equity buyout investor Mid Europa Partners (MEP) ...
    RomaniaCorporate/Commercial Law
    Dechert LLP
    Dechert LLP
  • Article

    Extension Of European Patents To Romania

    From 1991, by adopting the new Constitution, Romania has begun to consolidate a real market economy based on principles of the state of law guaranteeing the right of property irrespective of the owner. The transition from a centralized to a market economy is a complex process requiring radical changes in all fields of activity, but first of all in the economic field, Romania has made remarkable steps and has succeeded in reaching international and, in particular, European standard.
    RomaniaMedia, Telecoms, IT, Entertainment
    Rominvent S.A.
    Rominvent S.A.

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