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…
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.…
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…
Romania is in process of passing the law for the ratification of the Agreement on a Unified Patent Court The Agreement on a Unified Patent Court[1] (the “UPC Agreement”), together the two EU regulations setting up the Unitary Patent (Regulations (EU) No 1257/2012 and (EU)…
On 25 January 2024, the Order of the President of the National Authority for Consumer Protection no. 225 of 25 April 2023 regarding the information provided to consumers by economic operators conducting business online (hereinafter referred to as the ”Order no. 225/2023”) entered into force.…
Leroy și Asociații, a law firm with over 25 years of experience in the Romanian market, announces the promotion of four lawyers: Adriana Spătaru – Counsel (Real Estate / IP), Cristian Bumbac – Senior Associate (Banking & Finance), Mihnea-Ioan Rațiu – Senior Associate (Energy and…
During the year 2023, the Romanian Criminal Code has been marked by several amendments, both in its general and special sections. We present below certain of the most important changes that the Criminal Code has undergone during the previous year: a. The general section of…
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…
New EU Regulation for Non-Agricultural Geographical Indications The European Parliament has given its green light to a new regulation designed to safeguard non-agricultural products’ geographical indications1 (the “Regulation”). The new rules on geographical indications are particularly relevant for craft and industrial products manufacturers. I. Background…
Status: Law no. 9/2023 entered into force on 5 July 2023. Purpose: Law No. 9/2023 aims to streamline and digitize the central and local public administration, facilitating a more efficient delivery of public services. The main provisions of Law no. 9/2023 are as follows: the…
The Law no. 222/2023 amending and supplementing the Companies Law no. 31/1990 and Trade Registry Law no. 265/2022 (the “Law no. 222/2023”) was published in the Official Gazette No. 667/20 July 2023 and entered into force on 23 July 2023. I. Main amendments brought by…
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 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…
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…
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…
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 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…
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. …
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…
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…