Thought Articles

This Article was originally published in Issue 5 of the CEE Legal Matters Magazine. The Romanian farming sector is characterized mostly by small farms (92.2% of the holdings are less than five hectares in size), with a growing number of extremely large farms especially in the most fertile regions close to the Danube river. Therefore, a large part of the agricultural land needs consolidation for more efficient management and higher returns. However, investors are sometimes reluctant to plunge into agri-business, generally because of some combination of the following: (i) some agricultural land is state property; (ii) limitations exist on the purchase of agricultural land by certain categories of foreigners; (iii) sale and purchase procedures may become too intricate due to legal pre-emption rights; and (iv) they fear they will not be allowed to build on or change the purpose of agricultural land.

At a global scale, trends in the financial sector are undoubtedly oriented towards digitalization. By employing new technologies, financial institutions are striving to meet clients’ surging demand for contracting financial services via digital channels. In other words, the spotlight is turning from branch-proximity to digital-technology, as the use of paper-based documentation and the need for clients to be present in person when contracting financial services are shrinking. Switching to digital services has generated the need for a legal framework that would increase consumer confidence in remote means of negotiation and conclusion of contracts for financial services.

Multilaw has released the ‘International FinTech Guide’ which presents the legal and economic conditions for FinTech businesses across more than 20 different countries. Our Banking & finance team authored the Romania chapter providing an overview of the legal requirements and barriers with respect to Virtual Currencies, ICOs, RegTech, InsurTech, Robo-Advisory, Online Banking and Crowdfunding.

This chapter is from International Product Liability - Second Edition - Juris Publishing, Inc. 2017 www.jurispub.com Product liability emerged as a stand-alone branch of law in Romania only during the last few decades. However, it is essentially grounded on “classical” civil law, which has acknowledged and regulated fundamental principles such as tort liability and contractual liability for more than a century. Product liability is thus based on the traditional civil law under the New Civil Code and the special statutes regulating product liability.

The latest, hottest, subject in the privacy rights and data protection area is the General Data Protection Regulation, which comes into force on 25 May 2018. The Regulation ushers in significant financial sanctions, rights of compensation and group litigation mechanisms. DAC Beachcroft worked closely with data protection experts from all of the 28 Member States so as to put together a report into how these GDPR measures will change the compensation and regulatory sanctions regime.

Reproduced with permission from Online Gambling Lawyer (Volume: 16 Issue: 8 (August 2017). The article first appeared on http://www.cecileparkmedia.com/online-gambling-lawyer/article_template.asp?Contents=Yes&from=woglr&ID=2478 Members of the Romania Parliament have put forward an amendment that would prohibit the advertising of gambling, which is registered for debate within the Senate. Lawyers from Tuca Zbarcea Asociatii, discuss the proposed amendment and what they believe will be the negative consequences for the Romanian online gambling industry if the amendment is passed.