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 din 15 noiembrie 2011 privind aprobarea […]
Category Archives: Legal brief
Amendments to Law no. 255/2010
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. 255/2010 privind exproprierea pentru cauză de […]
New regulation for bringing the banking/capital market laws in line with the EU law
With a view of bringing the banking/capital market legislation in line with the EU law, the Order no. 82/2011 regarding the approval of the Regulation no. 20/11/2011 issued by National Bank of Romania and Romanian National Securities Commission (the “Order no. 82/2011”) has been published in the Official Gazette no. 800 – Part I of 11 November 2011. The latter […]
Additional requirements for accessing the support scheme for cogeneration
Legal entities and/or the natural persons which will apply from now on for being granted with the right to access the support scheme for cogeneration should also fulfill the additional obligations provided by the Order no. 46/2011. It amends and supplements the approval procedure for the new projects or refurbishment of the existing cogeneration plants (the „Order”) and was published […]
New rules at the Competition Council on the conduct of hearings
The hearing procedure before the Competition Council is set forth by the Regulation no. 789/2011 on the conduct of hearings and decision making by the Competition Council published in the Official Gazette no. 792 of November 8th, 2011 – Part I, [in Romanian, Ordin nr. 789/2011 pentru punerea in aplicare a Regulamentul privind desfasurarea audierilor in cadrul Consiliului Concurentei si […]
New orders on renewable energy sector
Three orders of the National Regulatory Authority in the Energy Field regarding the renewable energy sector were published in the Official Gazette of November 1st, 2011. These represent the secondary legislation regulating the green certificates system: Order no. 42/2011 regarding the approval of the Regulation for the authorization of the electric energy producers for the application of the green certificates incentive […]
EGO amending and supplementing Law no. 220/2008
The Government Emergency Ordinance no. 88/2011 on amending and supplementing Law no. 220/2008 establishing the promotion system of electricity generation from renewable sources (the “EGO no. 88/2011” / the “Ordinance”) was published in the Official Gazette, Part I, no. 736 of October 19th, 2011 [in Romanian, Ordonanta de urgenta nr. 88/2011 privind modificarea si completarea Legii nr. 220/2008 pentru stabilirea […]
New order on the interpretation of GEO no. 34/2006
The Order no. 553/2011 issued by National Authority for Regulating and Monitoring of Public Procurement for the interpretation of article 243 of Government Emergency Ordinance No. 34/2006 regarding the award of public procurement contracts, public works concession contracts and services concession contracts (the “Order no. 553/2011” / the “Order”) was published in the Official Gazette, Part I, no. 735 of […]
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 […]