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Client briefs

The amendments to the Government Ordinance no. 3/2021 entered into force

On 30 August 2021, the Government Ordinance no. 3/2021 for the amendment and completion of certain legal enactments in the field of public procurement, published in the Official Gazette of Romania, Part I, no. 821/27 August 2021, entered into force.   The amendments brought by the Government Ordinance no. 3/2021 are aimed primarily at shortening

2021 Updates on Anti-Money Laundering

On 30 April 2021 several amendments1 to the Law no. 129/2019 on the prevention and combating of money laundering and terrorism financing (the “AML Law”) have entered into force. The main amendments to the AML Law include: • the obligation to submit the statement on the beneficial owners on an annual basis has been reinstated:

New Legislative Changes on Kurzarbeit and Financial Support for Telework

On December 9, 2020, the Law no. 282/2020 for the approval of the Government Emergency Ordinance no. 132/2020 on support measures for employees and employers in the context of the spread of SARS-CoV-2 coronavirus, as well as on encouraging employment (hereinafter referred to as the “Law no. 282/2020”) was published in the Official Gazette of

Amendments to the Law on the acquisition of agricultural lands

Law no. 175/2020 published with the Official Gazette no. 741 / 14 August 2020 (the “Law”) amending law no. 17/2014 on the sale and purchase of extra muros agricultural lands (the “Law no. 17/2014”) entered into force on the 13th of October. Click here to read the full Brief

Important amendments to Companies Law

The Law No. 223/2020 for the simplification and de-bureaucratization of the transfer of shares in limited liability companies and of the payment of the share capital, has been published in the Official Gazette of Romania No. 1018/2 November 2020 and enters into force on 4 November 2020 (“Law No. 223/2020”). Click here to read the

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