Uncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study
According to PwC estimations, the cost of uncollected VAT to the state budgets of five Central and Eastern European (CEE) countries amounted to over 28.2 …
SCHOENHERR advises banking syndicate on Erste Group’s inaugural issue of EUR 500 million Additional Tier 1 notes
SCHOENHERR advised an international banking syndicate comprising Morgan Stanley (technical lead), UBS, J.P. Morgan and HSBC, as Joint Lead Managers on the …
4 out of 5 Romanian CEOs state that they focus more on long-term profitability instead of short term gains, according to the latest edition of the Romanian edition of the PwC Global CEO Survey
72% of Romanian CEOs state that the purpose of the companies they lead is to create value for all stakeholders, not just for shareholders, and 79% say that …
Deloitte Romania: State Support Boosts R&D Investment
Greater support from authorities in the shape of cash grants and tax incentives will lead to an increase in research & development (R&D) investments, …
Mirela Metea promoted as Partner with Maravela & Asociaţii
As of June 1, Mirela Metea was named Partner with Maravela & Asociaţii, this being the second partner promotion within the firm amidst its dispute …
Deloitte Romania Strengthens its Financial Advisory Leadership
Lars Wiechen takes over as Partner-in-Charge Team strengthens and services expand Radu Dumitrescu promoted as new partner Effective June 1, 2016 Effective …
Citizens of Tomorrow
Law-related education contest “Citizens of Tomorrow” – The Final of the Competition – National High School “Gh. Şincai” vs. National High …
The new legislative framework on public procurement and concession of works and services was published in the Official Gazette
The legislative framework, which repeals Government Emergency Ordonnance no. 34/2006, is comprised of the following laws: – Law no. 98/2016 on public …
Next generation of family business leaders ambitious to drive change but struggle with getting their voices heard
• Only 41% of next gens believe that their firm has a strategy fit for the digital world • 88% of next gens want to leave their stamp and do something …
CMS: Romania, New Double Tax Treaties
On 18 March 2016, Romania ratified four double tax treaties (“DTT”) with Italy, United Arab Emirates, Norway and Bulgaria, which as of May 2016 have all …
CMS: Romanian Ministry of Energy publishes draft law on minimum crude oil reserves
On 28 April 2016, the Ministry of Energy published the Draft Law on the establishment and maintenance of a minimum level of crude oil and petroleum product …
Deloitte Legal Dbrief. Drafting Intercompany Agreements on Intangibles in the BEPS Environment: From a Legal Perspective
REFF & ASSOCIATES, the law firm representing Deloitte Legal in Romania, is delighted to invite you Thursday, 19 May, 12:00 – 1:00 PM CEST to …
CMS: Romanian Courts decide on land access in favour of petroleum companies
For the last few years, Romanian landowners have unjustly prevented titleholders from conducting petroleum operations on blocks and land, claiming that the …
Employers will no longer have the possibility to suspend the individual employment contracts during the disciplinary investigation of employees
On 05.05.2016, the Constitutional Court ruled that art. 52 Para (1) letter a) of Law no. 53/2003 on the Labor Code (”Labor Code”), which regulates the …
CMS: The Debt Discharge Law
A law which has proved controversial and been heavily criticised by the banking community in Romania as well as by the National Bank of Romania and European …
Deloitte Legal Dbrief. Cross-Border Relocation of Companies within the EU: A Chance for Your Company? – Opportunities, Challenges and Potential Pitfalls
REFF & ASSOCIATES, the law firm representing Deloitte Legal in Romania, is delighted to invite you Wednesday, 11 May, 12:00 – 1:00 PM CEST to …
New EU Data Protection Regulation has been approved
On 14 April 2016 the European Parliament approved the new General Data Protection Regulation. It replaces the current data protection directive, i.e. Directive …
NOERR advised Nidec to acquire ANA IMEP S.A. from George Copos
The law firm NOERR advised Nidec Corporation (NYSE: NJ, “Nidec”) on the acquisition of approximately 94.8% of the shares of ANA IMEP S.A. (“IMEP”), a …
SCHOENHERR named Leading Law Firm in Austria and Romania by Chambers
SCHOENHERR has been recognized as “Austrian Law Firm of the Year” (2016) and “Romanian Law Firm of the Year” (2016) by the renowned …
CLIFFORD CHANCE appoints 24 new partners. Promotion round includes Bucharest partner, Ioana Țălnaru, specialized in Corporate M&A, Private Equity and Energy
Leading international law firm CLIFFORD CHANCE has today announced the promotion of 24 lawyers to its partnership, including Bucharest-based lawyer Ioana …
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