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Client briefs

The New Law on Alternative Investment Fund Managers

On 18 March 2015, the Romanian Parliament passed the law on alternative investment fund managers (“AIFM law”)1, which transposes EU Directive 2011/61 on Alternative Investment Fund Managers (“AIFMD”)2 into Romanian legislation. Click here to read the full brief

Amendments to Romanian Labour Code

The Romanian Parliament has recently passed Law no. 12/2015 for the modification and supplementation of Law no. 53/2003 – the Romanian Labour Code (“Law 12/2015”). Law 12/2015 was published in the Romanian Official Gazette, Section 1, No. 52/22.01.2015 and will enter into force on January 25, 2015. Click here to read the full brief

Amendments to the Romanian Capital Market Law

On 30 December 2014, Government Emergency Ordinance no. 90/2014 (“GEO no.90/2014”) amending Law no. 297/2004 on capital markets (“Romanian Capital Market Law”) was published with the Official Gazette. The provisions of GEO no. 90/2014 have entered into force on 9 January 2015.

RASDAQ Market Dismantling

On 30 September 2014, the Romanian Chamber of Deputies adopted a law intended to clarify the legal status of shares traded on the Rasdaq market and the unlisted securities market.

Recent Reform of the Romanian Law on Unfair Competition

Government Ordinance no. 12/2014 has recently amended the main Romanian legal enactment on unfair competition – Law no. 11/1991. The scope of these amendments covers the content of the prohibited unfair competition practices, as well as a more precise regulation of the Competition Council’s role in sanctioning such practices.