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COVID-19 Legal Insights
 
 
 
COVID-19 Legal Insights
COVID-19 Legal Insights is our response to the COVID-19 outbreak. We shall keep you informed on the various legal challenges posed by the coronavirus, thanks to a dedicated practice group comprising lawyers with different backgrounds, such as compliance/regulatory, corporate and commercial, insurance, labour and employment, litigation and arbitration, insolvency, public procurement, data privacy, tax and customs. In addition, our taskforce 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, etc.
COVID-19 Legal Insights is our response to the COVID-19 outbreak. We shall keep you informed on the various legal challenges posed by the coronavirus, thanks to a dedicated practice group comprising lawyers with different backgrounds, such as compliance/regulatory, corporate and commercial, insurance, labour and employment, litigation and arbitration, insolvency, public procurement, data privacy, tax and customs. In addition, our taskforce 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, etc.
The European Commission approved a state aid scheme for Romania amounting to RON 16 billion (approximately EUR 3.3 billion) to support small and medium enterprises (SMEs) in the context of the COVID-19 pandemic. The state aid scheme was approved by Emergency Ordinance No. 42/2020. Relevant highlights: Aid under the form of security interests for loans Aid under the form of grants Eligibility criteria To read the entire legal insight, please download the .pdf attached (English and Romanian).
State aid to support SMEs in the context of the economic crisis generated by COVID-19 (15 April)
 

The European Commission approved a state aid scheme for Romania amounting to RON 16 billion (approximately EUR 3.3 billion) to support small and medium enterprises (SMEs) in the context of the COVID-19 pandemic.

The state aid scheme was approved by Emergency Ordinance No. 42/2020.

Relevant highlights:

  • Aid under the form of security interests for loans
  • Aid under the form of grants
  • Eligibility criteria

To read the entire legal insight, please download the .pdf attached (English and Romanian).

Competition norms are not suspended during the fight with COVID-19. No crisis may allow cartels or the violation of other antitrust regulations. As such, even during a state of emergency, the Romanian Competition Council is expected to be highly vigilant and impose sanctions in case of breach of the competition law. While the authority agrees that companies may adopt measures to survive the COVID-19 crisis (e.g. work from home, limitation of open hours, limitation of volume of deliveries, on-line market-places that may apply certain limitations in case suppliers increase prices to unjustified levels), their actions should not restrict competition. Commercial decisions must be taken independently by each company. To read the entire legal insight, please download the .pdf attached (English and Romanian).
Competition Law: Impact of COVID-19 and how do competition norms continue to apply (18 March)
 

Competition norms are not suspended during the fight with COVID-19. No crisis may allow cartels or the violation of other antitrust regulations. As such, even during a state of emergency, the Romanian Competition Council is expected to be highly vigilant and impose sanctions in case of breach of the competition law.

While the authority agrees that companies may adopt measures to survive the COVID-19 crisis (e.g. work from home, limitation of open hours, limitation of volume of deliveries, on-line market-places that may apply certain limitations in case suppliers increase prices to unjustified levels), their actions should not restrict competition.

Commercial decisions must be taken independently by each company.

To read the entire legal insight, please download the .pdf attached (English and Romanian).



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