Legal - Business Review


alternative dispute resolution

How banks and their customers can resolve disputes quickly and avoid the courts through the Centre for Alternative Dispute Resolution in Banking

Banking April 23, 2018 14:47 0 comments

Banks or non-bank financial institutions and their customers often have disagreements or disputes over certain procedures, fees or other operations, and until recently, these types of issues were very difficult to resolve because it could…more »

US Department of State: The DNA continued to investigate and prosecute numerous corruption cases at a steady pace

Legal April 23, 2018 10:33 0 comments

The US Department of State mentions the activity of the National Anticorruption Directorate (DNA) in its Human Rights report for 2017. The institution points that the DNA continued to investigate and prosecute numerous corruption cases…more »

donald trump

The USA National Democratic Committee sues Trump campaign, WikiLeaks, Russia over election interference

Legal April 20, 2018 22:54 0 comments

The Democratic National Committee sued Russia, the Trump campaign and WikiLeaks claiming widespread interference in the 2016 election as part of a "brazen attack on American democracy, according to Bloomberg." The civil lawsuit could force…more »

Romanian president reacts as ruling party heads speaks of moving Israel embassy to Jerusalem

Legal April 20, 2018 13:06 0 comments

President Klaus Iohannis “was not informed or consulted” regarding the potential relocation of the Romanian embassy in Israel from Tel Aviv to Jerusalem, according to a statement of the Presidential Administration. Iohannis’ reaction came hours…more »

Another privacy hit for Facebook users. 1.5 billion members, not protected under GDPR

Legal April 20, 2018 10:50 0 comments

Facebook has changed its terms of service, meaning 1.5 billion members will not be protected under tough new privacy protections coming to Europe, according to BBC.   The move comes as the firm faces a…more »

Study: Romanians want more EU efforts for stability in economy and combat of corruption

Legal April 20, 2018 10:32 0 comments

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the European Committee of the Regions. Romania…more »


Insolvencies and closures of firms grow at alarming rate in Romania

Legal April 19, 2018 16:11 0 comments

The number of companies and sole traders that filed for insolvency in the first quarter of 2018 reached 2,305, up 19.31 percent year-on-year, according to the National Trade Registry Office (ONRC). In the same period,…more »

Ex-finance minister Sebastian Vladescu, in wider corruption investigation with illegal payments worth EUR 20 mln

Legal April 18, 2018 09:43 0 comments

The National Anticorruption Directorate (DNA) has asked Romanian president Klaus Iohannis to approve the start of prosecution against the former minister of finance, Sebastian Vladescu, who is accused of taking bribes. In the same corruption…more »

Investigators expand prosecution against ex-president Iliescu in Romanian Revolution case

Legal April 17, 2018 14:03 0 comments

Romania’s Prosecutor’s Office decided to expand the prosecution against the former president Ion Iliescu, who is accused of crimes against humanity in the case regarding Romania’s Revolution from December 1989. Prosecutors investigate Iliescu for the…more »

debt discharge

Two years since the introduction of debt discharge law: fewer than 8,500 notifications submitted

Legal April 17, 2018 13:44 0 comments

Two years have passed since law 77/2016, known as the debt discharge law, was passed, and the total number of notifications over these two years was 8,459, according to Hotnews. The debt discharge law says…more »