In an article published in Jurnalul National, our managing partner Ion Dragne comments on certain new provistions of the Romanian Civil Code (which shall enter into force as of 01 October 2011). “ The Romanian society needed a civil law to cover its current requirements. This is why many of the brand new provisions of the new Civil Code have […]
Monthly Archives: September, 2011
New law on the legal interest repealing G.O. 9/2000
The Government Ordinance no. 13/2011 (the “GO 13/2011”) on the penalty and remunerative legal interest for monetary obligations and regarding certain financial and fiscal measures in the banking sector was published in the Romanian Official Gazette Section I no. 607, of 29 August 2011. Most important, it repeals the Government Ordinance no. 9/2000 on the level of the legal interest […]