Romania: corporate statements regarding ultimate beneficial owner(s)

1. Background Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, and for the amendment and supplementation of certain legislative acts (“Law 129/2019”) requires Romanian companies subject to registration with the Romanian Trade Registry (with… Read moreRomania: corporate statements regarding ultimate beneficial owner(s)

Deloitte report: Proper workforce skills for Industry 4.0 remains a challenge, while climate change climbs in the top of the executives’ concerns

Workforce skills for Industry 4.0 remain a challenge for organizations globally, as executives still don’t fully understand the competences necessary to succeed in the current ever-changing 4.0 world, according to Deloitte’s latest Industry 4.0 Readiness Report, conducted on more than… Read moreDeloitte report: Proper workforce skills for Industry 4.0 remains a challenge, while climate change climbs in the top of the executives’ concerns

PwC global survey: 74% of companies intend to increase the investments in technology to improve HR processes

Attracting top talent and keep them, developing everyone to reach their potential and improving people’s work experience, primarily by automating tasks, are the main concerns for HR leaders in 2020, according to the global survey PwC Human Resources Technology. To… Read morePwC global survey: 74% of companies intend to increase the investments in technology to improve HR processes

Challenging in Court the Outcome of Public Procurement Procedures – A Predictable End of a Journey

As of February 12, 2020, court complaints filed against documents issued by the contracting authorities are subject to a stamp duty equal to 2% of the estimated value of the contract, as per the distinctions set forth in Art. 56… Read moreChallenging in Court the Outcome of Public Procurement Procedures – A Predictable End of a Journey