New transparency requirements for legal entities and amendments to Companies Law no. 31/1990
11 September, 2019Law no. 129/2019 on prevention and combating of money laundering and terrorism financing, as well as on the amendment and supplementation of certain legislative acts (the “Law”) was published in the Romanian Official Gazette no. 589/ July 18, 2019 and entered into force on July 21, 2019. The Law ...
Penalty clauses in individual employment agreements are not admissible
26 June, 2019On May 20, 2019, the High Court of Cassation and Justice of Romania issued a preliminary ruling on a legal issue approached unevenly in decisions issued by the labour courts to date. Thus, according to an official release published on the website of the High Court of Cassation and Justice (the ...
The latest amendment on the standard of construction brings significant changes to the handover of the works upon completion
26 June, 2019An amendment to Law 10/1995 on the standard in construction came into force on following publication in the Official Gazette on May 9th.Law 97/2019 instated a prohibition to transfer the right to use over a dwelling prior to the assessment of completion being achieved (in Romanian “admiterea ...
Updated State Aid Scheme: Start-up Nation - Romania
26 June, 2019On 7th December 2018, the Romanian Government approved an emergency ordinance for the support of the setting up of new small and medium-sized enterprises (SMEs) proposed by the Ministry for Business Environment, Trade and Entrepreneurship. As per the reasoning in the recitals of the ordinance, SMEs ...
Minimum salaries in Romania for the year 2019
26 June, 2019Pursuant to the Government Decision approved at the Government meeting of 7 December, starting with the 1st of January 2019, the minimum wage guaranteed at national level without any increments or other additions, is proposed to be of 2,080 Lei/ month for a normal full working schedule of 167,333 ...
Environmental Permits Maintain Validity Now Only if Endorsed Yearly
26 June, 2019A recent piece of legislation which came into force on 15th of November, 2018 is likely to severely impact the holders of environmental permits / environmental integrated authorizations. Henceforth, environmental permits / environmental integrated authorizations maintain validity until their expiry ...
Is the new Insurance Distribution Law affecting your business?
26 June, 2019On October 8th, 2018, the Romanian Official Gazette, Part I, No. 853, the Law No. 236/2018 published the insurance distribution law (“Insurance Distribution Law”). The Insurance Distribution Law implements all provisions contained under Directive No. 2016/97/EU dated 20 January 2016 on insurance ...
Quarterly distribution of dividends starts in July 2018
26 June, 2019Romanian Law now allows for dividends to be paid quarterly throughout the financial year. Starting on the 15.07.2018, business owners enjoy legislative amendments related to the regulation of a new dividend payment mechanism, which the Law no. 31/1990 has suffered following the entry into force ...
New internship program benefits for employers
26 June, 2019July brought beneficial changes for employers, with several new laws being passed. State benefits for employers hiring unemployed, graduates, students and others. The new Government Emergency Ordinance amends several pieces of law on occupation in the workforce, apprenticeship and retention of ...
Real Estate Owners Associations under the new Law
26 June, 2019Law no. 196/2018 regarding the establishment, organization and functioning of owners associations and administration of condominiums, advertised in the Official Gazette of Romania under no. 660 of 30th of July, 2018 This new piece of legislation will enter into force on the 28th of September 2018, ...
2018 Cadastral and Real Estate Publicity Law adds new provisions
26 June, 2019Law no. 185 / 2018 for the approval of Emergency governmental ordinance no. 31/2018 regarding modification and completion of the Cadastral and Real Estate Publicity Law no. 7/1996, advertised in the Official Gazette of Romania under no. 638, 23rd of July 2018. Law no. 185/2018 entered into force on ...
New Data Privacy Provisions
26 June, 2019New data privacy provisions from the Romanian supervisory authority The National Supervisory Authority for Personal Data Processing (“ANSPDCP”) has approved the proposed procedure for receiving and resolving complaints. The procedure establishes conditions which must be met in order for a ...
New law on the production of energy from renewable resources
26 June, 2019New changes for promoting energy production from renewable sources On the 18th of July, 2018, the Romanian Parliament adopted Law No. 184/2018 for the approval of Government Emergency Ordinance No. 24/2017 regarding the amendment and completion of Law no. 220/2008 for establishing a system to ...
Monitoring employees personal data at work
26 June, 2019New legislation came into force on 31 July 2018 that sets out specific conditions for certain categories of personal data of employees. These special rules are aimed at situations where employers use electronic monitoring systems and/or video surveillance of employees at work. Article 5 of Law no. ...
Amendments to Waste Legislation
26 June, 2019Emergency Ordinance no. 74/2018 amending and supplementing Law no. 211/2011 on treatment of waste, Law no. 249/2015 on the management of packaging and packaging waste and Government Emergency Ordinance no. 196/2005 on the Environmental Fund (“Emergency Ordinance no. 74/2018”) has brought ...