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Client briefs

New Romanian Pre-Insolvency and Insolvency Law

On 24 June 2014, the President of Romania has promulgated the new Pre-insolvency and Insolvency Law, which had been passed by the Chamber of Deputies on 15 April 2014 and found constitutional by the Romanian Constitutional Court on 21 May 2014.

Sale of Agricultural Lands in Romania

The sale of agricultural lands located extramuros shall be subject to a set of restrictions, such as the compliance with the pre-emption right to the benefit of certain categories of persons.