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“Over the past few months we have witnessed a serious decline in the number of arbitration cases in Romania,” reports Sebastian Gutiu, Managing Partner at Schoenherr Bucharest, who adds that the recent introduction of local arbitration rules and other legislative changes may help reverse the trend.

At a time when in Romania's business environment there are more than 6,000 companies with a number of approximately 64,000 employees undergoing the insolvency observation period procedure, the Government considers it opportune to take urgent measures to amend the legislation in the field, with the aim of facilitating the recovery of the difficult economic situations that these companies face.

Restitution of Land – the Never-ending Saga

It is well known that, after emerging as democracies in the 1990s, Central and Eastern European States passed restitution legislation that covered property abusively taken over by the communist regimes. Some states have been more successful than others and Romania is not exactly on the top of the list.

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