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Law no. 102/2020 for ammending and supplementing the companies Law no. 31/1990

On 2 July 2020, Law No. 102/2020 for amending and supplementing the Companies Law No. 31/1990 (“Companies Law”) was published in the Official Gazette No. 583/2020 (“Law No. 102/2020”). The Law No. 102/2020 will enter into force on 5 July 2020. The Law No. 102/2020 amends several provisions of the Companies Law, as follows: repeals

GDPR – Impact of COVID – 19

Following the impact of coronavirus (“COVID-19”) across the world which continues to be a source of concern for all businesses, the implementation of emergency measures (Presidential Decree no. 195 dated 16.03.2020, Military Ordinance no. 1 dated 17.03.2020, Military Ordinance no. 2 dated 21.03.2020, Military Ordinance no. 3 dated 24.03.2020, etc.) to ensure the safety and

Emergency situation certificates | COVID-19 | Romania

In the context of the state of emergency instated on the territory of Romanian by the Presidential Decree no. 165/2020 (hereinafter referred to as the “Decree”),1 on 25 March 2020, the Ministry of Economy, Energy and Business Environment passed Order no. 791/2020 on the issuing of emergency situation certificates to companies whose activity is affected

New measures related to the technical unemployment

In the context of the state of emergency declared by the Decree1 of the President of Romania due to the pandemic caused by the SARS-CoV-2 coronavirus and given the necessity of taking urgent measures to support both the employers and the employees, on March 18th, 2020, the Romanian Government adopted the Emergency Ordinance no. 30

Amendments to the Companies Law and Accounting Law

The Law No. 163/2018 for amending and supplementing the Accounting Law no. 82/1991 (“Accounting Law”), the Companies Law No. 31/1990 (“Companies Law”) and the Law No. 1/2005 pertaining to the organization and operation of cooperatives, has been published in the Official Gazette of Romania No. 595/12 July 2018 and enters into force on 15 July

New Law for Teleworking activity in Romania

The Romanian Parliament has recently adopted Law no. 81/2018 regulating teleworking (the “Teleworking Law”). The Teleworking Law was published in the Official Gazette of Romania, Part 1, no. 296/02.04.2018. Definition of Teleworking Teleworking is defined as a form of organising the work that allows an employee to work regularly (at least one day/month) and voluntarily

Amendments to tax legislation with impact in the IT industry

The Romanian Ministry of Finance has recently passed Order no. 3337/2017 which extends the category of software developers who benefit from income tax exemption (“Order 3337/2017” or the “New Order”). Order 3337/2017 was published in the Official Gazette of Romania, Part 1, No. 52/18.01.2018. The New Order shall enter into force on February 1st, 2018