On 27th March 2020, the Ministry of Internal Affairs has posted for public consultation a draft emergency government ordinance envisaged to amend the Emergency Government Ordinance no. 1/1999 relating to the emergency state (“EGO 1/1999”). EGO 1/1999 is the basis… Read moreRecent changes to the legislative framework relating to the emergency state
Good news from the High Court of Romania! Even though most of the civil cases are suspended ex officio throughout the state of emergency instated by the Decree no. 195/16.03.2020, the High Court ruled on the 30th of March, in… Read moreNote on how the national courts will reason upon the requests for additional evidences in appeal when the Suspension of civil procedures due to COVID-19 crisis will cease and the activity in courts will be resumed
In a bid to support Romania’s business environment and social protection during coronavirus crisis, on 31 March the Romanian government issued two emergency decrees that create new and favourable tax measures. The decrees passed include Government Emergency Ordinance no.32/2020 for… Read moreRomania implements additional tax measures in response to COVID-19
The mergers and acquisitions market (M&A) recorded 19 transactions in Romania in the first quarter of the year, four more compared to the same period in 2019. According to Deloitte’s estimates, the total value of the market, including transactions whose… Read moreDeloitte Analysis: 2020, a difficult year for the M&A market
Introductory aspects The COVID-19 pandemic has taken the Romanian employers by surprise, catching them widely unprepared for what needs to be done in relation with the employees – both in terms of health & safety precautions, but also in terms… Read moreCOVID-19: Employment Law. Implications
Emergency Ordinance No. 37/2020 on the granting of facilities in relation to the loans granted by credit institutions and non-bank financial institutions to certain categories of debtors (“GEO 37/2020”) was published in the Official Journal of Romania on 30 March… Read moreFacilities regarding the repayment of loans granted by credit institutions and non-bank financial institutions to certain categories of debtors
In the context of the economic and financial difficulties caused by the spread of the COVID-19 virus, the Romanian Government has adopted the Emergency Ordinance No. 33/2020 regarding certain fiscal measures and the amendment of certain normative acts, published in the… Read moreNew fiscal measures in the context of the economic difficulties caused by the COVID-19 epidemic: corporate income tax and VAT for certain imports
