It is truly remarkable that in the year 1874, Jules Verne imagined that “water will one day be employed as fuel, that hydrogen and oxygen which constitute it, used singly or together, will furnish an inexhaustible source of heat and… Read moreRomania: Hydrogen revolution – Are we there yet?
On 22 March 2022, the Emergency Government Ordinance no. 27/2022 on the applicable measures for final consumers on the electricity and natural gas market for the period of 1 April – 31 March 2023 was published in the Official Gazette… Read moreNew price caps and security of supply measures starting with 1 April
On 16 March 2020, the Chair of the European Data Protection Board (“EDPB“), an entity which replaced the Article 29 Working Party, provided a statement on the processing of personal data in the context of the COVID-19 crisis. In this statement,… Read moreGDPR in the context of the coronavirus crisis
According to the latest interpretation by the Romanian Trade Registry, all companies registered prior to 21 July 2019 (i.e. the date on which Law no. 129/2019 on the prevention of money laundering and terrorist financing (”Law no. 129/2019”) entered into… Read moreDeadline for filing an ultimate beneficial owner statement for 2020
The Romanian Competition Council has issued a statement to reassure markets that companies may take justified measures aimed at preventing or limiting the outbreak of the novel coronavirus. At the same time, it emphasised that such measures should not trigger… Read moreAntitrust law in challenging times
The economic effects of the COVID-19 pandemic are already being felt in international trade, with direct and indirect effects on existing contracts and legal relationships. This makes it legitimate to question the extent to which force majeure can be invoked… Read moreLegal implications of “force majeure” and “hardship” as regards COVID-19
I. Employment Contracts in Romania during extreme situation a) Quarantine or Self-Isolation i) Suspension of Individual Employment Contracts When employees enter quarantine or self-isolation at home under the conditions provided by law – i.e. they have had contact with infected… Read moreEmployment measures during extreme conditions
Given the pandemic situation caused by the new coronavirus (COVID-19), companies can be forced to comply with exceptional prevention measures ordered by public authorities in order to prevent the new coronavirus from spreading, and noncompliance with such measures can trigger… Read moreMeasures ordered in connection with the new coronavirus. Criminal implications for companies
Chambers Global covers over 190 countries across the world. Law firms and individual lawyers are ranked in bands from 1 (highest) – 6 (lowest) and being ranked in any band is a significant achievement. The qualities on which rankings are… Read moreChambers Global 2020
NESTOR NESTOR DICULESCU KINGSTON PETERSEN (NNDKP) assisted Raiffeisen Bank România in a tripartite transaction whereby Banca Comercială Română, BRD Group Societe Generale and Raiffeisen Bank România will have equal ownership rights of 33.3% in CIT ONE, one of the most important… Read moreNNDKP assisted Raiffeisen Bank Romania in the transaction whereby the bank becomes a shareholder in CIT ONE
