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Archive for the ‘Legal brief’ Category

New provisions on the credit institutions liquidity requirements

18 Dec 2011 - Legal brief

Regulation no. 25/2011 issued by the National Bank of Romania, regarding the credit institutions liquidity requirements [in Romanian, Regulamentul nr. 25 din 8 noiembrie 2011 privind lichiditatea institutiilor de credit] was published in the Official Gazette no. 820 of November 21, 2011 and shall entry into force at January 1, 2012. Regulation no. 25/2011

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New law for incriminating of the usury activities

15 Dec 2011 - Legal brief

The usury activities are prohibited in Romania under the Law no. 216 of 16 November 2011, published in the Official Gazette no.  827 of November 22, 2011, Part I [in Romanian, Legea nr. 216 din 16 noiembrie 2011 privind interzicerea activitatii de camatarie]. According to Law no. 216/2011, the usury practise constitutes a crime

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Amendments to the bankruptcy procedure of credit institutions

08 Dec 2011 - Legal brief

The bankruptcy procedure of credit institutions was amended by Law no. 207/2011 regarding the approval of Government Emergency Ordinance no. 37/2010 as published in the Official Gazette no. 817 of November 18th, 2011. The latter amends and supplements the Government Ordinance no. 10/2004 regarding the bancrupcy of credit institutions [In Romanian, Legea nr. 207

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Amendments to Law no. 255/2010

07 Dec 2011 - Legal brief

Law no. 205/2011 for amending and supplementing Law no. 255/2010 regarding the expropriation for public utility required for developments of national, county and local interest (the “Law”) was published in the Official Gazette no. 813 of November 17th 011 – Part I, [in Romanian, Legea nr. 205 /2011 pentru modificarea si completarea Legii nr.

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