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Client briefs


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

The entering into force of the Order of the President of the National Authority for Consumer Protection no. 225 of 25 April 2023 regarding the information provided to consumers by economic operators conducting business online

On 25 January 2024, the Order of the President of the National Authority for Consumer Protection no. 225 of 25 April 2023 regarding the information provided to consumers by economic operators conducting business online (hereinafter referred to as the ”Order no. 225/2023”) entered into force. Order no. 225/2023 was published in the Official Gazette of

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

New EU Regulation protecting non-agricultural Geographical Indications

New EU Regulation for Non-Agricultural Geographical Indications The European Parliament has given its green light to a new regulation designed to safeguard non-agricultural products’ geographical indications1 (the “Regulation”). The new rules on geographical indications are particularly relevant for craft and industrial products manufacturers. I. Background Geographical indications are a form of intellectual property rights granted