State of emergency in the insolvency procedure, April 2020
In view of the evolution of the international epidemiological situation caused by the spread of Coronavirus, which determined the pandemic declared by the World Health Organization, on March 11, 2020, the Decree no. 195/2020 on imposing the state of emergency on the territory of Romania (the “Decree“) has been adopted. By Decree, a series of […]
Litigation: Ensuring Passenger Rights in Accordance with Regulation (EU) 261/2004, March 2020
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 deniedboarding and of cancellation or long delay of flights, and repealing Regulation (EEC) no. […]
Romania: corporate statements regarding ultimate beneficial owner(s), March 2020
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 […]