Tax treatment of different acquisitions What are the differences in tax treatment between an acquisition of stock in a company and the acquisition of business assets and liabilities? For a corporate buyer with no presence in Romania, the acquisition of stock in a Romanian company does not have fiscal implications. Tax implications will arise only […]
Using the digital environment for work related activities entails risks that are enhanced by the continuous digitisation of the society. Such risks include an increase in the number of cyberattacks that can lead to security breaches, including personal data breaches. Therefore, it is important for companies to make sure that the risks mentioned above are […]
Romania is enacting the secondary legislation pertaining to cybersecurity in an effort to avoid European sanctions. On October 30, 2020, the European Commission sent a reasoned opinion1 regarding Romania’s failure to notify the national measures allowing for the identification of operators, the number of operators of essential services and the thresholds used in the identification […]
Our competition professionals were invited to contribute to this year edition of International Comparative Legal Guide’s Merger Control. The guide is freely available in full online on ICLG.com and the entire Romanian landscape is comprised therein and it is entirely accessible here.
The second part of the year 2020 was marked by a very intense regulatory activity carried out by the Romanian Energy Regulatory Authority (ANRE). Our professionals released (yet another) article, with regards to the new licensing rules for activities in the energy field.
Our corporate team published an article in the International Bar Association’s Corporate and M&A Section regarding the latest changes to the Romanian Companies Law No 31/1990 in order to enable individuals and legal entities to be sole shareholders in more than one Romanian limited liability company. This was previously not the case, as express restrictions […]
The Romanian Energy Regulatory Authority (“ANRE”) issued a new procedure applicable for the settlement by ANRE of the complaints filed by the existing or future final clients of electricity and gas, as well as by the existing and future grid users (both producers and consumers) against the providers of services and activities in the energy […]