1. Background In December 2022, the European Parliament and the Council adopted Regulation (EU) 2022/2554 on digital operational resilience for the financial sector and amending Regulations (EC) no. 1006/2009, (EU) no. 648/2012, (EU) no. 600/2014, (EU) no. 909/2014 and (EU)… Read moreDORA – a new chapter for the financial and ICT sectors
1. Overview On October 20, 2022, the Government Emergency Ordinance no. 140/2022 on the single industrial licence (“GEO 140/2022”) adopted by the Romanian Government has been published in the Official Gazette. 2. Main novelties GEO 140/2022 introduces the single industrial… Read moreRomania – New Legislation. Introducing the single industrial licence
1. Overview On July 26, 2022, Law no. 265/2022 regarding the Trade Registry and for amending and supplementing certain legal enactments impacting the registration in the Trade Registry has been published in the Official Gazette of Romania (“Law 265/2022”). The… Read moreTrade Registry and Companies Law updates
1. Overview On August 4, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette. GO… Read moreRomania – New legislation on representative offices
1. Background In follow-up to our recent article[1] on the novelties brought by the Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods, amending… Read moreImplementation of the Sale of Goods Directive in EU member states
1. Background In May 2019, the European Parliament and the Council of the European Union have enacted Directive (EU) 2019/771 on certain aspects concerning contracts for the sale of goods, amending Regulation (EU) 2017/2394 and Directive 2009/22/EC and repealing Directive… Read moreRomania – Consumer protection updates in the sale of goods field
1. Introduction In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), and our summary regarding the… Read moreNew regulation for the authorization of credit institutions – amendments approval and notification
1. Introduction In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), we will shortly review below… Read moreNew regulation for the authorization of credit institutions – banks’ authorization procedure
1. Introduction Regulation no. 12 of December 18, 2020 on the authorization of credit institutions and amendments pertaining to the same (the “Regulation 12/2020”) issued by the National Bank of Romania (the “NBR”) was published in the Official Gazette no…. Read moreNew regulation for the authorization of credit institutions – preliminary requirements for authorization
1. Introduction Using the digital environment for work related activities entails risks that are enhanced by the continuous digitisation of the society. Such risks include an increase in the number of cyberattacks that can lead to security breaches, including personal… Read moreHow to keep your data safe in the new digital employment environment
