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 […]
Category Archives: Legal brief
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 […]
New amendments to the tax legislation
Government Decision no. 50/2012 for amending and supplementing the Norms for implementing Law no. 571/2003 regarding the Fiscal Code was published in the Official Gazette no. 78 of 31 January 2012 [in Romanian, Hotarare nr. 50 din 25 ianuarie 2012 pentru modificarea si completarea Normelor metodologice de aplicare a Legii nr. 571/2003 privind Codul fiscal, aprobate prin Hotararea Guvernului nr. 44/2004]. The […]
New provisions regarding the fiscal procedure
The Fiscal Procedural Code was amended by Government Ordinance no. 2/2012 for amending and supplementing Government Ordinance no. 92/2003 regarding the Fiscal Procedural Code, published in the Official Gazette no. 71 of 30 January 2012 [in Romanian, Ordonanta nr. 2 din 25 ianuarie 2012 pentru modificarea si completarea Ordonantei Guvernului nr. 92/2003 privind Codul de procedura fiscala]. The new enactment […]
New regulation regarding the organisation, operation and procedure of the Competition Council
Order no. 101/2012 regarding the Regulation for the organisation, operation and procedure of the Competition Council was published in the Official Gazette no. 113 of 14 February 2012 [in Romanian, ORDINUL nr. 101 din 2 februarie 2012 privind punerea in aplicare a Regulamentului de organizare, functionare si procedura al Consiliului Concurentei] The main amendments refer to the management body of […]
Competition: Amendments to economic concentrations
The Regulation of 22 December 2011 issued by the president of the Competition Council for amending and supplementing Regulation regarding economic concentrations was published in the Official Gazette no. 23 of 11 January 2012 [in Romanian, Regulamentul din 22 decembrie 2011 pentru modificarea si completarea Regulamentului privind concentrarile economice, pus in aplicare prin Ordinul presedintelui Consiliului Concurentei nr. 385/2010]. The main amendments […]
Amendments to the Fiscal Code by GEO 125/2011
In the Official Gazette no. 938 of December 30, 2011 was published the Government Emergency Ordinance no.125/2011 (“GEO 125/2011”) amending and supplementing the Law no. 571/2003 regarding the Fiscal Code [in Romanian Ordonanta de Urgenta nr. 125 din 27 decembrie 2011 pentru modificarea şi completarea Legii nr. 571/2003 privind Codul fiscal]. GEO 125/2011 has brought substantive changes to the Fiscal […]
New regulations and rules in arbitration
New Rules of Arbitration (“Reguli de procedura arbitrala”) of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania were published on January 23, 2012. Among the important amendments is that concerning the procedure for appointing the arbitrators: the parties are no longer allowed to nominate arbitrators, this being under the sole control of […]
The framework of origin guarantees for renewable energy (E-SRE)
Government decision no. 1232 of 14 December 2011 for approval the Regulation for issuing and monitoring of the origin guarantees for electricity produced from renewable energy sources (RES-E) (the “Regulation”), was published in the Official Gazette, Part I, no. 4 of 4 January 2012 [in Romanian – “Hotararea nr. 1232 din 14 decembrie 2011 pentru aprobarea Regulamentului de emitere si […]