Law 50/2024 on the implementation of the Digital Services Act has entered into force

Law 50/2024 on the implementation of the Digital Services Act has entered into force

Law no. 50/2024 on establishing measures for the application of the Regulation of the European Parliament and of the Council of 19 October 2022 on a single market for digital services and amending Directive 2000/31/EC (the “DSA”), as well as on amending and supplementing Law…

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

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…

Government Emergency Ordinance on Credit Administrators and Credit Purchasers

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.…

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

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…

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

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…

Leroy si Asociatii assisted Tereos on a significant transaction for the sugar industry in Romania

Leroy si Asociatii assisted Tereos on a significant transaction for the sugar industry in Romania

The M&A team of the law firm Leroy si Asociatii assisted TEREOS, one of the world’s largest sugar producers, on the takeover of its sugar factory in Ludus, Romania, by two independent Romanian investors. Leroy si Asociatii, with Bruno Leroy – Founding Partner and Andreea Toma – Partner, coordinated…

Law no. 361/2022 on the protection of whistleblowers in the public interest

Law no. 361/2022 on the protection of whistleblowers in the public interest

Law no. 361/2022 is one of the much-awaited legal novelties of the end of 2022. Its objective is to regulate the general framework for the protection of persons who report violations of legislation in certain domains, which occurred or are likely to occur, within public…

Government Emergency Ordinance No. 41/2022

Government Emergency Ordinance No. 41/2022

As of January 1st 2023, the sanctions for failing to comply with the provisions of the Government Emergency Ordinance no. 41/2022 on the creation of the National System for monitoring the road transport of high fiscal risk goods enter into force. A. Status The Government…

Romania’s Disaster Movie: The Film Industry Cash Rebate Scheme that Wasn’t

Romania’s Disaster Movie: The Film Industry Cash Rebate Scheme that Wasn’t

2018 saw the introduction of the Romanian movie production cash rebate system and a subsequent uptick in movie productions seeking to develop in Romania. The ambitiously outlined rebate system seemed quite appealing, initially. However, over the past three years, it failed to live up to…

Renewed Efforts to Develop PPPs in Romania

Renewed Efforts to Develop PPPs in Romania

Although Romania’s history with public-private partnerships (PPPs) spans over two decades, the legal framework in force until 2018 did not attract sufficient private partner interest for the development of such projects. As a result, to date, the number of successful PPPs remains rather low. The…

New Government Ordinance No. 18/2022 | Corporate Law | Romania

New Government Ordinance No. 18/2022 | Corporate Law | Romania

NEW GOVERNMENT ORDINANCE NO. 18/2022 PERTAINING TO THE AUTHORIZATION AND OPERATION IN ROMANIA OF REPRESENTATIVE OFFICES OF FOREIGN COMPANIES AND ECONOMIC ORGANIZATIONS The Government Ordinance no. 18/2022 pertaining to the authorization and operation in Romania of representative offices of foreign companies and economic organizations (the…

New Law No. 265/2022 Replacing the Trade Registry Law No. 26/1990 and amending the Companies Law No. 31/1990

New Law No. 265/2022 Replacing the Trade Registry Law No. 26/1990 and amending the Companies Law No. 31/1990

On 26 July 2022, Law No. 265/2022 regarding the trade registry and amending and supplementing other legal instruments applicable to the registration with the trade registry (“Law No. 265/2022”), including the Companies Law No. 31/1990 (“Companies Law”), was published in the Official Gazette No. 750/2022. …

Leroy si Asociatii is recognized by IFLR1000 once again

Leroy si Asociatii is recognized by IFLR1000 once again

  IFLR1000 has published its 2022 rankings and Leroy si Asociatii has maintained a leading position with high rankings in several categories. The firm’s mergers and acquisitions, banking & finance, capital markets and project development practices are all ranked by IFLR1000, having both its partners…

Implementation Of Regulation (EU) 452/2019

Implementation Of Regulation (EU) 452/2019

Publication in the Official Gazette of Government Emergency Ordinance no. 46/2022 on measures to implement Regulation (EU) 452/2019 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the examination of foreign direct investment in the Union and for…

Andreea Toma, Partner at Leroy și Asociații, has been awarded the title of IFLR 1000 Women Leaders 2022

Andreea Toma, Partner at Leroy și Asociații, has been awarded the title of IFLR 1000 Women Leaders 2022

With more than 20 years of experience in mergers & acquisitions, banking & finance and projects & infrastructure, Andreea Toma has been awarded the title of IFLR 1000 Women Leaders 2022. Her competence has been recognized by IFLR 1000 for the third year in a…