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Blog Bucharest
What goes around, comes around – wind and other renewable energy projects return to activity in Romania
Looking back over my 25 years of working as a commercial lawyer in Romania, I notice how there are cycles of economic and investment interest in particular sectors of the economy. Ten years ago, my co …
Are we nearly there yet?
Thirteen months ago – not long after the UK had left the EU and the transitional period had started – we took the decision to send the staff of the British Romanian Chamber of Commerce to work from ho …
International business, democratic accountability and the diaspora
For a bilateral chamber of commerce such as the British Romanian Chamber of Commerce to exist, it necessarily requires that there should be international business between the two countries. Whilst som …
Be careful what you wish for – or the unexpected case of the cheese and ham sandwiches
We sat down to our Christmas festivities of 2020 safe in the knowledge that a deal had been negotiated between the UK and the EU for many aspects of their future trading relationship. More than one mo …
Transfer of personal data from the EU to the UK after the end of the Brexit transition period
On 6th July 2020, the European Commission published a notice to stakeholders regarding the transfer of personal data from the EU to the UK after the end of the transition period, i.e. 31 December 2020 …
Insolvency – a new chance?
For a long time, the companies have been fighting with the enforcement procedures started by the fiscal bodies, as well as with their actions submitted in the insolvency procedure in order to block th …
The European Commission intends to ease the rules of the state aid for start ups
On 19 March 2020, the European Commission adopted the State Aid Temporary Framework (the “Temporary Framework”) designed to support the economies of the member states in the context of Covid-19 pandem …
The insolvency procedure – a re-launch of the company on the market?
The concept of insolvency according to the Romanian Law Over the years, most of the companies considered the insolvency procedure as the beginning of the end. As the time went by and the insolvency pr …
Easing off the procedure to declare the ultimate beneficiary of a company
On 10th of June 2020, the Chamber of Deputies, as the decisional body of the Romanian Parliament, adopted a draft bill (the “Draft bill”) for the amending the Law 129/2019 regarding the prevention and …
PROPER REGULATION OF CONTRACTUAL TERMS OR RE-NEGOTIATION OF CONTRACTS?
Starting from the recent events occurred in Romania, as well as in all over the world, it became more and more necessary to properly regulate the contractual clauses, analyze and adapt them in order t …