News
Prior approval by the European Commission of Romania’s €3 billion state aid scheme for onshore wind and solar photovoltaic installations by means of contracts for difference
1. The European Commission’s decision: According to a press release published on 06 March 2024, the European Commission has given its prior approval to a Romanian aid scheme aimed at supporting installations that generate electricity from onshore wind and solar photovoltaic power plants. The official press release contains the following key information: • The support
Government Emergency Ordinance on Credit Administrators and Credit Purchasers
Status: During the session of the Government of Romania on 28 February 2024, the Government of Romania adopted the government emergency ordinance concerning credit administrators and credit purchasers (”GEO”). The GEO will come into effect only after its publication in the Official Gazette of Romania. Purpose: The GEO establishes a common framework and specific requirements
The entry into force of the Regulation of the Chamber of Commerce and Industry of Romania no. 27 of 6 December 2023 regarding the approval, supervision, control and sanctioning of the activity of commodity exchanges
1. General Aspects The Chamber of Commerce and Industry of Romania (”CCIR”) has published in the Official Gazette of Romania no. 77 of 29 January 2024 the Regulation no. 27 of 6 December 2023 regarding the approval, supervision, control and sanctioning of the activity of commodity exchanges (the ”Regulation”), which came into force on the
Intellectual Property Law | The Agreement on a Unified Patent Court
Romania is in process of passing the law for the ratification of the Agreement on a Unified Patent Court The Agreement on a Unified Patent Court[1] (the “UPC Agreement”), together the two EU regulations setting up the Unitary Patent (Regulations (EU) No 1257/2012 and (EU) No 1260/2012), make up the Unitary Patent package, designed to
Leroy și Asociații promotes four lawyers
Leroy și Asociații, a law firm with over 25 years of experience in the Romanian market, announces the promotion of four lawyers: Adriana Spătaru – Counsel (Real Estate / IP), Cristian Bumbac – Senior Associate (Banking & Finance), Mihnea-Ioan Rațiu – Senior Associate (Energy and Natural Resources / Projects and Infrastructure) and Mara Dosinescu –
Certain amendments of the Romanian Criminal Code made in 2023
During the year 2023, the Romanian Criminal Code has been marked by several amendments, both in its general and special sections. We present below certain of the most important changes that the Criminal Code has undergone during the previous year: a. The general section of the Criminal Code The unity of the continued / complex
An overview of the activity of the National Supervisory Authority for Personal Data Processing in 2023. The main breaches of personal data controllers. Recommendations for 2024 in order to comply with the legal provisions on personal data protection
The main breaches of the Regulation (EU) No. 679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (hereinafter the “GDPR” or the “Regulation”) committed by
Leroy si Asociatii assisted Tereos on a significant transaction for the sugar industry in Romania
The M&A team of the law firm Leroy si Asociatii assisted TEREOS, one of the world’s largest sugar producers, on the takeover of its sugar factory in Ludus, Romania, by two independent Romanian investors. Leroy si Asociatii, with Bruno Leroy – Founding Partner and Andreea Toma – Partner, coordinated the team that provided legal assistance to TEREOS. The team