Law
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Law firms vying for $1-1.5m legal counselling for Petrom privatisation
The privatisation of SNP (National Oil Company) Petrom is the event of the year, not only on the oil market or for the Romanian finances, but also for the corporate law, as the legal counsel...
SIF law: two years of talks and no certainty yet
The raise of the maximum percentage an investor is allowed to own in a Financial Investment Company (SIF) from 0.1% to 1%, taken for granted and eagerly awaited by the players on the Stock E...
Business law firms eye private sector
Business lawyering in Romania will see strong structural changes in the next years. Sustained privatisation will be gradually replaced by legal counseling granted to the public-private partn...
Mortgage deeds market law in the works
Consultant Deloitte & Touche along with the representatives of the National Securities Commission (CNVM), of the Stock Exchange and the Finance Ministry has started work on the draft to regu...
Amendments for leasing law
Emergency Ordinance 51 on leasing operations could be modified by the end of the year so as to include computer programmes on the list of products possible to buy through this system. "Softw...
Law on private health care insurance
The individuals looking for better medical care than provided by the public healthcare system or simply not wanting to have anything more to do with the latter will be allowed to have the pr...
SIFs, about to be left out of capital market law
The National Securities Commission (CNVM) will submit the consolidated capital market law draft to Parliament this month. The Financial Investment Companies (SIF) risk being left out of this...
Bankruptcy law modifications
State secretary within the Justice Ministry Cristina Tarcea on Monday said Law 64/1995 on reorganisation and judicial liquidation will be modified in order to make proceedings simpler and sp...
Importers displeased with new law
The importers and dealers are complaining they are losing time and especially money because of a law enforced at the end of last week, which binds them to pay their import-related fiscal obl...