New template for individual labour agreements to come into force in Romania. Amendments to internal regulations
Further to the entry into force of Law 283/2022 for the amendment and completion of Law no. 53/2003 – the Labour Code, as well as of Government Emergency Ordinance no. 57/2019 regarding the Administrative Code (“Law 283/2022”), significant changes have occurred as regards the labour relationship between the employer and employee under the Romanian law. […]
PETERKA & PARTNERS Romania, a guest speaker at the recent Economic Mission organized by Flanders Investment & Trade in Bucharest
Our Romanian office has been a proud speaker at the recent Economic Mission organized by Flanders Investment & Trade in Bucharest. The mission was aimed to bring in Romania Flemish companies from various industries which are interested on this market, in view of joining a mixed business event comprising seminars, B2B meetings and networking sessions. […]
New legislation regarding crowdfunding in Romania
Law no. 244/2022 implementing Regulation (EU) 2020/1503 on European Crowdfunding Service Providers for Business and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 has been adopted, and on this occasion, slight changes have been made to the draft law published in May 2022. In addition to what the draft law stipulated, in order for the […]
Latest legal aspects connected to the preventing and combating tax evasion in Romania
Starting from 1 March 2022, companies which withhold and fail to pay payroll duties and/or contributions within 60 days from the due date are risking criminal penalties, as the provisions of Emergency Ordinance no. 130/2021 came into effect. Therefore, from 26 June 2022 onwards, criminal complaints started to be filed by the National Agency for […]
Smart contracts. When the code becomes the law
In a world of ever-expanding technological progress at the forefront of blockchain technology, Smart Contracts are claiming a well-deserved place in the legal spotlight. Though not yet considered mature enough to be subject to specific regulation, their legal implications are closely being assessed and where they can be successfully implemented in real-world scenarios is being […]
PETERKA & PARTNERS Romania, a speaker at Bucharest E-commerce Day organized by Czech Trade
We are honoured that PETERKA & PARTNERS Romania continues to be a a reliable partner of Czech Trade Bucharest, by having the opportunity to act as a speaker within their events. On September 20, our Romanian office participated as a speaker during Bucharest E-commerce Day organized by Czech Trade. Andrei Dumitrescu, one of our valuable […]
Important amendments and supplements to law no. 85/2014 on insolvency prevention and insolvency proceedings in Romania
The Romanian team of PETERKA & PARTNERS regularly focuses its attention on the most important legislative changes occurring in various key areas, including insolvency. Recently, Law no. 216/2022 has reshaped many of the essential provisions of Law 85/2014 on insolvency prevention and insolvency proceedings, mainly concerning insolvency prevention procedures – the ad-hoc mandate which was […]
Latest legal changes brought to the Fiscal Code in Romania
The Romanian Fiscal Code was amended by Government Ordinance 16/2022 published on 15 July 2022. Some of the amendments proposed shall enter into force in 2022, while the majority of the amendments to the Fiscal Code shall enter into force in January 2023. PETERKA & PARTNERS Romania has prepared a leaflet which summarizes the most […]
Amendments to land law set framework for faster development of renewable Energy projects in Romania
The Romanian office has prepared a material dedicated to the latest amendments to land law set framework for faster development of renewable Energy projects in Romania. We would like to draw the attention on the fact that Law no. 254/20.07.2022 On the Amendment and Completion of Land Law no. 18/1991 and On the Amendment of […]
Our Romanian office releases a quick guide for setting up and running E-commerce platforms in Romania
E-commerce has seen an increase in the last three years, becoming one of the fastest growing sectors in the Romanian economy. According to recent statistics, the Romanian e-commerce market increased by over 30% in 2020, exceeding EUR 5 billion, which is huge considering that in 2013 the market value was only EUR 600 million. In […]