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59 New Articles

First one: Coronavirus & competition – any potential link? Second one – close related with the first one: Breach of Competition Law? “Price gouging” or not?

Read more: Coronavirus & competition. Breach of Competition Law? “Price gouging” or not?

Since its outbreak in November, 2019 in China, COVID-19 has rapidly spread across Europe, the general opinion being that the peak is yet to come. The aggressive rate of spreading of COVID-19 has marked the financial markets, which now indicate a decrease of the earnings expectations.

Read more: COVID-19: Real Estate Market Implications. Particular Insights into Lease Agreements

According to the latest interpretation by the Romanian Trade Registry, all companies registered prior to 21 July 2019 (i.e. the date on which Law no. 129/2019 on the prevention of money laundering and terrorist financing (”Law no. 129/2019”) entered into force) must file an ultimate beneficial owner (”UBO”) statement by 15 days after the approval of their annual financial statements for 2019 or by 21 July 2020, whichever comes first.

Read more: Romania: Deadline for Filing an Ultimate Beneficial Owner Statement for 2020

The Romanian Parliament has recently adopted a new law providing that one parent can have paid leave when a child’s educational institution is temporarily shut down by authorities due to extreme circumstances. The law was sent to the President for enactment.

Read more: Romania: New Employment Law – Paid Leave for Parents in Emergencies

In a world where air travel is becoming more frequent and affordable, Regulation (EC) no. 261/2004 of the European Parliament and of the Council of 11 February 2004 establishing common rules on compensation and assistance to passengers in the event of denied boarding and of cancellation or long delay of flights, and repealing Regulation (EEC) no. 295/91 („Regulation 261/2004”) ensures that the rights of passengers are respected in case of flight schedule incidents.

Read more: Litigation: The importance of the Court of Justice of the European Union Practice in Ensuring...

Worried about COVID-19? During the outbreak, it is challenging for patients to seek in-person medical care. Self-quarantine is an important tool in managing disease transmission, especially among patients who are vulnerable to the risk of infection. This is where telemedicine becomes essential to ensure that patients have access to medical care and to boost community support. In times of a global public health emergency like the COVID-19 outbreak, healthcare systems should lean on remote medical check-ups, e-prescriptions and postal delivery of medicines in situations of quarantine and to tackle the further spread of the disease. Healthcare systems should expand beyond traditional healthcare tools and leverage existing telehealth tools to direct people to the proper level of healthcare for their medical needs (both to address their medical condition and to screen for COVID-19). Moreover, state administrations should make a historic effort to at least temporarily lift restrictions on telehealth usage (where such exist) to assist in the efforts to reduce patients' exposure to the virus and to ensure public health and safety.

Read more: E-healthcare and Telehealth Become Vital to Tackling COVID-19 in CEE

The Buzz in Romania: Interview with Stefan Damian of Tuca Zbarcea & Asociatii

Between what he describes as the "madness surrounding the coronavirus," Romania's pending elections, and the current stage of the economic cycle, Stefan Damian, Deputy Managing Partner at Tuca Zbarcea & Asociatii is rather pessimistic about the upcoming months.

Read more: The Buzz in Romania: Interview with Stefan Damian of Tuca Zbarcea & Asociatii

Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, and for the amendment and supplementation of certain legislative acts (“Law 129/2019”) requires Romanian companies subject to registration with the Romanian Trade Registry (with the exception of national companies and companies fully or majority owned by the State) to submit statements on their ultimate beneficial owners with the Romanian Trade Registry.

Read more: Romania: Corporate Statements Regarding Ultimate Beneficial Owner(s)

Kinstellar Advises First Farms on Acquisition of Agricultural Land in Romania From NCH Capital

Kinstellar has advised First Farms on the acquisition of agricultural land from NCH Capital in Romania.

Read more: Kinstellar Advises First Farms on Acquisition of Agricultural Land in Romania From NCH Capital

LLDP and LALIVE Successful for Romania Before ICSID

Leaua Damcali Deaconu Paunescu and LALIVE have successfully represented the interests of Romania before ICSID, which on March 5 rejected claims against Romania amounting to over RON 9 billion brought by Ioan and Viorel Micula.

Read more: LLDP and LALIVE Successful for Romania Before ICSID

 

In November 2019, the newly-appointed Romanian government decided to operate certain operational changes.

Read more: Romanian Digitalization Agenda – the Government Takes One Step Forward by Setting up the Authority...

BPV Grigorescu Stefanica Successful for Municipality of Bucharest in Zoning Dispute

BPV Grigorescu Stefanica has successfully represented the Municipality of Bucharest in a dispute with two private companies involving the failure by its General Council to approve a Zonal Urban Plan.

Read more: BPV Grigorescu Stefanica Successful for Municipality of Bucharest in Zoning Dispute

Romanian Knowledge Partner

MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Roman can be found at www.mprpartners.com.

All News about MPR Partners | Maravela, Popescu & Roman can be found here.

 

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