Thought Articles

The article contains practical information on leniency applications in Romania, including: the regulatory framework (see Regulation), the availability of leniency for civil and/or criminal sanctions (see Availability of Leniency), the application procedure (see Application Proceedings), the scope of protection (see Scope of Protection), confidentiality and disclosure (see Confidentiality and Disclosure) and many more.

During the course of 2006, the Romanian legal background applicable to the advertising of medicinal products has undergone several changes due to the need to transpose the provisions of Directive 2001/83/EC of the European Parliament and of the Council of 6 November 2001, on the Community Code related to medicinal products for human use (Directive 2001/83/EC).

Romania’s imminent accession to the European Union has made Romanian lawmakers more careful in dealing with the customs duties and other charges having similar effect. In harmonizing its legislation, Romania had to consider that the European Union is based upon a customs union that covers all trade in goods and which involves the prohibition between Member States of customs duties on imports and exports and of all charges that would have a similar effect, and the adoption of a common customs policy in their relation with third parties.

The second stage that an investor will undertake for developing a retail project is the performance of the construction. At this second stage, as the project will be developed based on an existing structure or on a "greenfield project", the investor will have to fulfil all the procedures for the purpose of obtaining authorization for the works to be performed and to contract constructors specialized in performing demolition and/or construction works.

We have tried in this article to present an overview of the stages that investors need to go through with a view to developing a retail project on the Romanian real estate market, with emphasis on the patterns prevailing on the market, and to also point out the traps that one might be faced with during the performance of such projects. Since an exhaustive presentation of the types of transactions that can lead to the development of a retail project is not realistically possible, we will try and classify these transactions subject to two criteria.

Recently, the Labor Code has been subject to an amendment that has introduced several new aspects related to the employers’ rights and obligations when carrying out collective redundancy procedures.