A few notes concerning “early maturity / early repayment of loan” and “penalty interest” in case of consumer default, as regulated by art. 38 of OUG no. 50 of 9 June 2010 regarding consumer credit contracts

Dan Jalba

1. Falling behind schedule under a consumer loan will trigger for borrowers-consumers penalty interest rates, calculated by adding max. 3 percentage points on the top of the loan interest rate (see footnote, art. 38 para. (2) of O.U.G. 50/2010). The… Read moreA few notes concerning “early maturity / early repayment of loan” and “penalty interest” in case of consumer default, as regulated by art. 38 of OUG no. 50 of 9 June 2010 regarding consumer credit contracts

NNDKP assists a syndicate of banks in providing a EUR 550 million financing to the Ameropa Group

JURIDICE.ro

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR 550 million in financing to the Swiss group Ameropa, which owns some of the largest local agribusiness companies – Azomures, Romania’s largest fertilizer producer, Ameropa… Read moreNNDKP assists a syndicate of banks in providing a EUR 550 million financing to the Ameropa Group

Firon Bar-Nir supports Tefron in completing the acquisition of Adesgo`s seamless apparel operation

JURIDICE.ro

Firon Bar-Nir assists Tefron (worldwide lead manufacturer of seamless apparel and activewear, well known and active in North America, Middle East and Asia) in entering the European market by acquiring Adesgo`s seamless apparel business. Our team, led by our Senior… Read moreFiron Bar-Nir supports Tefron in completing the acquisition of Adesgo`s seamless apparel operation

No more flavoured vaping in Romania: Romanian Government enacts new restrictions on heated tobacco products

Anna Morogai

On 20 July 2023, the Romanian Government enacted Governmental Ordinance No. 23/20.07.2023 amending and supplementing the Romanian Tobacco Law (GO 23), which implements several amendments to the legal framework of heated tobacco products in Romania. According to the government’s Statement… Read moreNo more flavoured vaping in Romania: Romanian Government enacts new restrictions on heated tobacco products

Wolters Kluwer Romania announces the 4th Edition of the Legal Innovation Day International Conference

JURIDICE.ro

Wolters Kluwer Romania presents Legal Innovation Day 2023: Future – Proof Your Legal Career We are excited to announce the fourth edition of Legal Innovation Day (LID), set to take place on October 20th at the JW Marriott Bucharest Grand… Read moreWolters Kluwer Romania announces the 4<sup>th</sup> Edition of the Legal Innovation Day International Conference

PwC Romania and D&B David si Baias advised CE Oltenia on the development of eight photovoltaic parks and a gas-fired power plant

JURIDICE.ro

An integrated team of PwC Romania and D&B David si Baias, PwC’s correspondent law firm in Romania, has provided financial, legal and tax advice and assistance to Complex Energetic Oltenia (CEO) in the process of selecting investors to develop partnerships… Read morePwC Romania and D&B David si Baias advised CE Oltenia on the development of eight photovoltaic parks and a gas-fired power plant

Deloitte Romania assisted RetuRO in obtaining the largest private green loan in Romania from ING Bank, amounting to RON 426 million, for the implementation of the Deposit-Return System

JURIDICE.ro

Deloitte Romania assisted RetuRO, the company set up according to the current legislation with the purpose of managing the Deposit-Return System, considered Romania’s most important circular economy project to date, in securing a green financing of RON 426 million from… Read moreDeloitte Romania assisted RetuRO in obtaining the largest private green loan in Romania from ING Bank, amounting to RON 426 million, for the implementation of the Deposit-Return System

Ioana Gelepu The Office Litigation & Enforcement obtains a final ruling annulling the enforcement of the EUR 1.8 million

JURIDICE.ro

On the 13th of July 2023, it has been decided the non-existence of this claim, brought by a prominent entrepreneur operating on the Romanian market against a company, part of a renowned group holding a chain of shopping centers throughout… Read moreIoana Gelepu The Office Litigation & Enforcement obtains a final ruling annulling the enforcement of the EUR 1.8 million