Government Ordinance no. 16/2022, published in Official Gazette no. 716/15.07.2022 on 15 July 2022, entails important amendments to the Romanian Fiscal Code.
Associated Partner Pawel Zelich has been named as the new Head of Noerr’s Warsaw office as of July 1, 2022. He takes over from Partner Radoslaw Biedecki, who had been heading the office since 2017.
It is truly remarkable that in the year 1874, Jules Verne imagined that “water will one day be employed as fuel, that hydrogen and oxygen which constitute it, used singly or together, will furnish an inexhaustible source of heat and light, of an intensity of which coal is not capable”. After 148 years, Jules Verne’s dream is slowly becoming reality as it is actively acknowledged by global companies, governments and world leaders.
Noerr has advised the Aurelius Group on its acquisition of dental distributors Dental Bauer and Pluradent. Binder Groesswang and Homburger reportedly advised Aurelius. Anwaltsgemeinschaft Stuttgart reportedly advised Dental Bauer, with Grub Brugger reportedly advising Pluradent.
Greenberg Traurig has advised IFA Group on its sale to Aequita. Noerr Germany advised Aequita on the deal.
PHH has advised the MM Group on a EUR 65 million syndicated loan for the reconstruction of the cardboard machine at its Neuss site. Noerr's Frankfurt office reportedly advised IKB Deutsche Industriebank AG on the deal.
With the increasing EU emphasis on regulating digital financial services and a growing market for them in the Czech Republic, CEE Legal Matters spoke to Noerr Attorneys-at-Law Filip Murar and Ludek Chvosta about the local regulatory framework, the pace of its development, and the ways in which the market has responded.
The Ministry of Finance has recently announced officially the opening of a call for submission of applications under the state aid scheme regulated by Government Decision no. GD 807/2014 for financing assets. The period for submitting financing requests is scheduled between 15.06.2022-26.07.2022, when investors may file the relevant documentation.
“The Romanian Recovery and Resilience Plan (PNRR) forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the single market,” according to the European Commission.
Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for screening foreign direct investments into the Union (the “Regulation”) has been implemented into Romanian legislation in the form of Government Emergency Ordinance no. 46/2022 on foreign direct investments (“GEO no. 46/2022”).
It is widely accepted that, due to the increasing pace of today’s life and work, employees’ mental health is deteriorating. This problem has been compounded by the situation caused by the COVID-19 pandemic. Many workers complain of difficulty in adjusting to the new situation. For workers who have been (or are) permanently or periodically forced to work from home, personal issues are added to professional problems. This additional stress can be expected to increase the prevalence and intensity of professional burnout in employees.
Directive (EU) 2019/633 of the European Parliament and of the Council of 17 April 2019 concerning unfair business-to-consumer trading practices in the agricultural and food supply chain has recently been transposed into Romanian legislation by Law no. 81/2022, in force since 15 April 2022 ("Law no. 81 /2022").
Law 72/2022 on the enforcement of a tax amnesty for tax liabilities, including interest and penalties for late payment, imposed by the tax authorities following the reclassification of daily allowances as salary, was published in the Official Gazette on 31 March based on a bill submitted in September 2021.