This site places cookies on your device to offer you a better browsing experience. You can visit this page to find out more on how we use cookies and how you can change your settings. If you continue browsing our site, we’ll assume you agree to our cookie use.      Accept this cookie | Find out more

Țuca Zbârcea & Asociații
Print Site Map
   
Home/COVID-19
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.
In the context of the global health crisis, the Romanian State took several measures dealing with the economic, financial and social consequences of the spread of COVID-19, including a series of stimulus measures, mostly temporary, to protect the business environment. Of particular interest is Decree No. 195/2020 of the President of Romania (the "Decree"), which declared the state of emergency and announced that the Government is empowered to take measures of support for all economic operators affected by the COVID-19 crisis. After expiry of the state of emergency (i.e., on 15 May 2020), the Government declared the state of alert until 15 June 2020, subject to extension. Following the Decree, the Government adopted a number of regulations in the commercial, banking, social security and taxation fields. We note, for instance, that a "technical unemployment" indemnity for the employees whose employment contracts were temporarily suspended against the background of the COVID-19 crisis will be paid from the State budget; that payment of instalments for bank loans, including financial leasing contracts, may be suspended upon request; that no interest and penalties will accrue or be charged for the late payment of certain tax obligations. The Government also enacted several measures applicable to the SMEs badly hit by the crisis. This material is meant to offer you a synthetic view on the most important regulations establishing stimulus measures relevant for the business environment, issued during the state of emergency and the state of alert in Romania. Many of these regulations have already been amended and may be further amended or supplemented. This material is an update of the prior versions, published on 9 and 24 April 2020. We will keep updating it with any significant amendments. To read the entire legal insight, please download the .pdf attached (English and Romanian).
Business stimulus measures taken by Romania in the context of the COVID-19 crisis (UPDATED 11 June)
 

In the context of the global health crisis, the Romanian State took several measures dealing with the economic, financial and social consequences of the spread of COVID-19, including a series of stimulus measures, mostly temporary, to protect the business environment.

Of particular interest is Decree No. 195/2020 of the President of Romania (the "Decree"), which declared the state of emergency and announced that the Government is empowered to take measures of support for all economic operators affected by the COVID-19 crisis. After expiry of the state of emergency (i.e., on 15 May 2020), the Government declared the state of alert until 15 June 2020, subject to extension.

Following the Decree, the Government adopted a number of regulations in the commercial, banking, social security and taxation fields. We note, for instance, that a "technical unemployment" indemnity for the employees whose employment contracts were temporarily suspended against the background of the COVID-19 crisis will be paid from the State budget; that payment of instalments for bank loans, including financial leasing contracts, may be suspended upon request; that no interest and penalties will accrue or be charged for the late payment of certain tax obligations. The Government also enacted several measures applicable to the SMEs badly hit by the crisis.

This material is meant to offer you a synthetic view on the most important regulations establishing stimulus measures relevant for the business environment, issued during the state of emergency and the state of alert in Romania.

Many of these regulations have already been amended and may be further amended or supplemented. This material is an update of the prior versions, published on 9 and 24 April 2020. We will keep updating it with any significant amendments. 

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



Țuca Zbârcea & Asociații obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation [...]
Tuca Zbarcea & Asociatii obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation
Țuca Zbârcea & Asociații named best firm in Romania for Dispute Resolution by Euromoney [...]
Tuca Zbarcea & Asociatii named best firm in Romania for Dispute Resolution by Euromoney
Țuca Zbârcea & Asociații, named Romania Law Firm of the Year by the British legal directory Chambers Europe [...]
Tuca Zbarcea & Asociatii, named Romania Law Firm of the Year by the British legal directory Chambers Europe
The Legal 500 EMEA 2020 edition: Țuca Zbârcea & Asociații has been recommended as a Top Tier Firm in 13 practice areas [...]
The Legal 500 EMEA 2020 edition: Tuca Zbarcea & Asociatii has been recommended as a Top Tier Firm in 13 practice areas
Țuca Zbârcea & Asociații launches a set of podcasts titled "Law in the time of corona" [...]
Tuca Zbarcea & Asociatii launches a set of podcasts titled "Law in the time of corona"

Download
pdf file


Țuca Zbârcea & Asociații and Țuca Zbârcea & Asociații Tax are collaborating with Andersen Global in Romania
Copyright © 2007 - 2020 Țuca Zbârcea & Asociații
Privacy Policy | Terms and Conditions