Law no. 211/2011 regarding waste management was published in the Official Gazette no. 836 of November 25, 2011 [in Romanian, Lege nr. 211 din 15 noiembrie 2011 privind regimul deşeurilor] and it transposes the provisions of Directive 2008/98/EC of the European Parliament and of the Council of November 19, 2008 regarding waste. The most important provisions refer to: the waste […]
Category Archives: Legal brief
New provisions on the credit institutions liquidity requirements
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 provides the minimum liquidity level applicable […]
New law for incriminating of the usury activities
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 which may be punished with 6 […]
Amendments to the bankruptcy procedure of credit institutions
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 […]
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 […]