The arbitral decisions which transfer/acknowledge a real estate right shall be submitted to a verification procedure by the court or by the public notary. Law no. 206/2012, published in the Official Gazette no. 762/13.11.2012, amends the provisions of art. 363 Civil Procedure Code (“CPC”), as well as of art. 603 New Civil Procedure Code (“NCPC”) as regards the incorporation of […]
Category Archives: Legal brief
The main changes brought by the new Civil Procedure Code
The new Civil Procedure Code, which has entered into force on February the 15th, 2013, maintains many of the traditional legal institutions, but either regulates them in a more modern form, or by introducing some new instruments. These are aimed to ensure the observance of the parties’ rights, the strengthening of the judicial discipline and that court cases are solved […]
The “Big Brother” Law
The “Big Brother Law” The law no. 82/2012 regarding the retention of general data or data processed by the electronic communications public networks providers and electronic communications for public use providers was published in the Official Gazette no. 406/2012 [in Romanian, LEGE nr. 82 din 13 iunie 2012 privind retinerea datelor generate sau prelucrate de furnizorii de retele publice de […]
Changes in the fiscal legislation
Amendments brought to the fiscal legislation In view of complying with the commitments undertaken by the Romanian Government towards the IMF, Government Emergency Ordinance no. 24/2012 (“GEO 24/2012”) for amending and supplementing the Fiscal Code was enacted [in Romanian Ordonanta de urgenta nr. 24 din 6 iunie 2012 pentru modificarea si completarea Legii nr. 571/2003 privind Codul fiscal si reglementarea unor […]
Law 7/1996 has been amended
Law 60/2012 has brought few changes to the Law no. 7/1996 regarding cadastre and real estate publicity [in Romanian Legea nr. 7/1996 a cadastrului si publicitatii imobiliare], such as: the public notary who drafted an act having as object the transmission, modification, establishment or extinguishment of an immovable property right is obliged to request, ex officio, its registration in the […]
Amendments to the the law enforcing the New Civil Code
Law 60/2012 has brought substantive changes to the Law 71/2011 on the enforcement of Law no. 287/2009 on the Civil Code [in Romanian Legea nr. 71/2011 pentru punerea în aplicare a Legii nr. 287/2009 privind Codul civil]: Among the most relavant amendments are the following: in the laws on the consumer’s rights protection, the term „trader” is replaced with „proffesionist”; […]
Amendments to the Electronic Archive operations
Law no. 60/2012 has amended the Government Ordinance no. 79/2011 which, at its turn, had modified the Government Emergency Ordinance no. 89/2000 on authorizing operators and making entries in the Electronic Archive [in Romanian Ordonanţa Guvernului nr. 89/2000 privind unele măsuri pentru autorizarea operatorilor şi efectuarea înscrierilor în Arhiva Electronică de Garanţii Reale Mobiliare]. The main amendments concern: · defining […]
Amendments to the Civil Code
In the Official Gazette no. 255 of April 17, 2012 was published the Law no. 60/2012 (“Law 60/2012”) approving the Government Emergency Ordinance no. 79/2011 regulating certain measures required for the enforcement of Law no. 287/2009 on the Civil Code [in Romanian Legea nr. 60 privind aprobarea Ordonanţei de urgenţă a Guvernului nr. 79/2011 pentru reglementarea unor măsuri necesare intrării […]
Company Law: simplification in the procedures for mergers and spin-offs
With a view to observe the commitment undertaken by the Romanian Government in respect of continuing the development of the economic and financial reforms for maintaining the stability of the Romanian economy, the Government Emergency Ordinance no. 2/2012 for amending and supplementing of the Company Law was published in the Official Gazette no. 143/2012 (G.E.O 2/2012) [in Romanian, Ordonanta de […]
Amendments to the legal framework of credit institutions
Government Ordinance no. 1/2012 for amending and supplementing certain enactments regarding credit institutions – published in the Official Gazette no. 41 of 18 January 2012 [in Romanian, Ordonanta nr. 1 din 11 ianuarie 2012 pentru modificarea si completarea unor acte normative din domeniul institutiilor de credit]. Two important Government Ordinances regulating the banking sector have been amended by this new […]