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Legal

Draft bill for interest cap on mortgage loans gets favorable report in Parliament committee

Banking February 20, 2018 15:38 0 comments

MPs in the budget, economic and legal committees in Parliament have issued a favorable report for a draft bill that aims to cap the interest rate collected by banks on mortgage loans. The draft bill,…more »

Government looks to simplify tax reporting of individuals through Form 600

Finance February 20, 2018 14:01 0 comments

Oana Iacob, state secretary at the Ministry of Finance, says that the government works on a draft bill set to simplify the controversial Form 600 by April 15. This form is used by individuals earning…more »

Companies breaching Labor Code rules for overtime can be fined by up to RON 3,000

Human Resources February 20, 2018 12:53 0 comments

The legal regime of the supplementary work is stipulated in the Labor Code, where it’s written also the context for overwork, how the employees have to receive compensations and who can never work in these…more »

Euro Construct Trading ’98 enters insolvency due to liquidity crisis

Legal February 15, 2018 10:24 0 comments

Euro Construct Trading '98 enters insolvency due to a liquidity crisis, which started from S2 2017, generated by the uncollected accounts receivable in due time of the works’ beneficiaries. “The commercial company Euro Construct Trading…more »

Dan Berciu (Eurolines Group), confirmed speaker at BR’s Tax & Law Conference

Legal February 14, 2018 14:27 0 comments

Dan Berciu, CFO of Eurolines Group, will speak during the 16th edition of the Tax & Law conference, the most long-standing event dedicated to tax and legal professionals in Romania organized by Business Review on…more »

insolvency

CITR: Fewer major impact insolvencies in 2017, but of higher total value

Legal February 14, 2018 14:11 0 comments

In 2017, the number of Romanian companies with a major impact on the economy went into insolvency decreased by around 7 percent from the previous year. However, the value of privately owned major impact companies…more »

Mircea Varga (Tiriac Holdings), confirmed speaker at BR’s Tax & Law Conference 2018

Legal February 14, 2018 13:58 0 comments

Mircea Varga, the CFO of Tiriac Holdings, will speak during the 16th edition of the Tax & Law conference, the most long-standing event dedicated to tax and legal professionals in Romania organized by Business Review…more »

Fondul-Proprietatea

PNSA obtains favorable ruling for Fondul Proprietatea in litigation against Hidroelectrica

Legal February 14, 2018 12:00 0 comments

Fondul Proprietatea (FP), the closed-end fund managed by Franklin Templeton, was able to overturn a decision taken by the shareholders of Hidroelectrica, the state-owned energy producer, regarding the appointment of interim members in the Supervisory…more »

kovesi-dna

PSD leaders express concern about recent accusations against DNA chief Kovesi

Legal February 12, 2018 15:41 0 comments

Deputy PM and minister of Administration and Regional Development, Paul Stanescu, said on Monday that PSD will decide upon a political position regarding DNA chief prosecutor Laura Codruta Kovesi, following a controversy that emerged on…more »

european parliament debate

European Parliament debates Romania’s justice system, MEPs warn about possible damage to judicial independence

Legal February 08, 2018 11:36 0 comments

The European Parliament had a debate on Wednesday regarding the proposed changes to Romanian justice laws and the possible threats posed by these changes to the rule of law. Vera Jourova, the European Justice Commissioner,…more »