Buzescu Ca has successfully represented Alvogen IPCO S.a.r.l., and Alvogen Romania S.R.L. before the Bucharest Court of Appeals in their challenge to an application by Teva Pharmaceutical Industries Ltd. for a preliminary injunction against the sale of a drug Alvogen distributes.

Following the establishment of the state of alert at national level, Law no. 55/2020 regarding some measures for preventing and combating the effects of the Covid-19 pandemic ("Law no. 55/2020") was adopted and entered into force on 18 May 2020. Please note that noncompliance with the measures imposed by the aforementioned law may lead to disciplinary, civil, administrative or even criminal liability, as the case may be.

In light of the COVID-19 outbreak, virtually all companies have faced difficulties in relation to the organizing of general meeting of the shareholders (“GMS”) via traditional methods i.e. GMSs held by physical attendance of the shareholders.

Several measures adopted by the Romanian authorities related to the initiation of the state of alert. These include Resolution no. 24/2020 and Government Emergency Ordinance no. 70/2020, both of which entered into effect on 15 May 2020. Also, the Romanian Parliament adopted Law no. 55/2020, which will enter into force on 18 May 2020 and which provides the legal framework of the state of alert and consists of several other measures and obligations.

Stratulat Albulescu has successfully represented Hervis Sports & Fashion before a Specialized Tribunal in Cluj, winning an injunction for the deferred payment of part of the rent relating to Vivo Shopping Center Cluj, owned by Immofinanz real estate group.

On 14 May 2020, the Romanian Government adopted Emergency Ordinance no. 69/2020 (“the GEO”) which enables a series of tax facilities for taxpayers, as summarised below:

“What’s important to note is that Romania had a bit of political turmoil immediately before the crisis started,“ begins Florian Nitu, Partner at Popovici Nitu Stoic & Asociatii in Bucharest. “The Prime Minister and the President engaged in a political struggle, with the PM backed by the left-wing socialist party coalition in power. Luckily, this conflict was resolved and tensions decreased – just when Covid-19 hit Romania.“ As a result of this decrease, he says, the country was able to tackle the crisis without unnecessary distraction.

As a state of alert has been declared at national level, the Romanian government has imposed a series of measures with a significant impact on the activity of economic operators.

The COVID-19 pandemic constitutes an unprecedented challenge that continued to escalate worldwide, including in Romania. Among the severe consequences affecting people’s health, the pandemic had a negative impact on the businesses across all sectors as well.

Filip & Company has assisted Raiffeisen Bank on the May 14, 2020, listing of lei-denominated subordinated bonds on the Bucharest Stock Exchange.

Florina Homeghiu has joined the Policolor-Orgachim group as its new Legal and Compliance Group Director in Romania.

As well known, the processing of special categories of personal data is prohibited under article 9 of GDPR, unless one of the exceptions for processing is met. In the first part of this article available here we have analyzed the corelative nature of Articles 9 and 6 under GDPR, whereas the second part, available here, focused on detailing the first seven exemptions set forth under Article 9 paragraph (2) letters a) – g) of the GDPR.

On Friday, 8 May 2020, a press release was published on the website of the Romanian Ministry of Public Finance stating that the government had approved the tax amnesty proposed by this ministry. The amnesty includes the waiver of interest, penalties and other charges payable by taxpayers, provided they pay the principal by 15 December 2020.

Noerr has advised the Bauer Media Group on the sale of its Romanian publishing business to Ringier.

This part of our series about “The conundrums of processing special categories of personal data under the General Data Protection Regulation” follows the first article of the series, in which we discussed the correlation between Articles 6 and 9 of the GDPR.

In the context of the state of emergency brought on by the Covid-19 pandemic, declared on Romanian territory since 16 March 2020, the Romanian authorities have tried to come to the aid of economic operators and certain categories of professionals. They have ordered a series of measures meant to balance the distribution of risks in their activities, so as to diminish the impact suffered.

The evolution of the national and international epidemiological situation determined by the COVID-19 outbreak, along with the establishment of the state of emergency within the territory of Romania on March 16, 2020 and the subsequent extension for another 30 days of the same, determined the Romanian Government to adopt a series of new tax measures, mainly aimed at increasing the cash flow both at the level of public and private entities.

Romanian lawyer Zsuzsa Csiki, Ukrainian lawyer Iryna Nikolayevska, and Czech lawyer Karla Rundtova have been promoted to Partner at Kinstellar.