3. Real Estate
4. Creditor & Debtor Disputes
6. Public Contracts
9. Capital Market
10. Financial Institutions & Security Interests
11. Intellectual Property
13. Personal Data Protection
15. Product Liability & Consumer Contracts
17. Criminal Law
(Note: information in this booklet is updated as of March 2021)
With the World Health Organization (WHO) announcing a COVID-19 global pandemic in March 2020, the Romanian Government was quick to impose restrictions in all the areas of social and economic life, under the umbrella of an initial "state of emergency", followed by a "state of alert". New regulations were adopted in the commercial, banking, social security and taxation fields, including a series of stimulus measures, mostly temporary, to protect the business environment.
Being well aware of the challenges facing companies today to surviving in the current environment and finding a path forward from the current crisis, we decided to launch the 2021 edition of the "Better Business in Romania" publication to guide you through the maze of regulations and provide you with basic information on the legal amendments brought about by the COVID-19 crisis that are likely to affect your business nowadays.
As always, our team is ready to help you better navigate these unchartered waters. Our COVID-19 related Task Force offers strategic advice on crisis-specific matters: corporate restructuring, review and (re)negotiation of agreements (including collective bargaining agreements and individual employment contracts), performance of the contracts which are affected by force majeure and hardship, unblocking pre-litigation relationships, advice with respect to potential discriminatory acts in the context of vaccination campaigns etc. Additional legal resources (such as legal analysis of the legislative, doctrinal and jurisprudential news issued amid the COVID-19 outbreak, as well as a series of podcasts under the label - "Law in the Time of Corona") are available in our dedicated section on the firm's website.
We hope that you will find the current edition of our "Better Business in Romania" compendium useful, and we are all really looking forward to meeting you all in person soon.
Until next time...we wish you and your families, your colleagues and business partners good health, and all the best.
Your friends at Țuca Zbârcea & Asociații