Data Protection – The Romanian Approach

marți, 19 septembrie 2017 / Published in Intellectual Property, Romanian Business, Romanian Law
In April 2016, the European Union adopted the EU Regulation 2016/679 (General Data Protection Regulation-GDPR) on the protection of natural persons with regard to the Processing of Personal Data and on the free movement of such data, and the subsequent repeal of Directive 95/46/EC The GDPR is to apply starting on 25th May 2018, giving

New Directive in EU Law on Trade Secrets and Know-how

joi, 25 august 2016 / Published in European Union case law, Intellectual Property, Romanian Business, Romanian Law
One of the many questions we are asked as a law firm in Romania advising foreign clients is the question regarding the protection of know-how and Trade Secrets and what protection is there in Romania. Whilst the protection of Know-how and Trade Secrets is usually covered in local law there is often confusion as to

Consumer Protection and Gambling in Romania

miercuri, 30 martie 2016 / Published in European Union case law, Intellectual Property, Romanian Business, Romanian Social Issues
From our experience as lawyers based in Romania, we often point out to our clients involved in the gaming industry that the notion of „consumer protection” is no stranger in their industry. On the contrary, it represents a constant concern of the European legislators and has recently become a major topic on the agenda at

Romania and the New Insurance Directive

miercuri, 09 martie 2016 / Published in European Union case law, Intellectual Property, Romanian Business, Romanian Law
After much debate and discussion, the European Parliament and the Council have issued the recast Directive on Insurance Distribution. EU Directive 2016/97 (“Directive”) was issued on the 20th January 2016 and was published in the Official Journal of the European 2nd February 2016. The provisions of the Directive coming into effect 20 days after its publication.

Romanian Agency Agreements

vineri, 12 februarie 2016 / Published in European Union case law, Intellectual Property, Romanian Business, Romanian Law
Despite the current slowing down of international trade we as a law firm in Romania dealing with international trade have seen a rise in interest by foreign SME’s in entering into agency and distributorship agreements with Romanian companies. Whilst the foreign SME’s might seek to invoke the laws of their own country many Romanian companies

Romanian Business Angels to Appear

miercuri, 22 iulie 2015 / Published in Intellectual Property, News, Romanian Law
The Business Angel law has now been introduced into the Romanian legal system. Whether it will stimulate investment in new ventures is a question which still has to be answered. It is a step taken by the Government to try and bring new investment into the market. Law no. 120/2015 regarding fiscal facilities granted to

New Merger Rules For Romania

miercuri, 18 martie 2015 / Published in Intellectual Property, Romanian Business, Romanian Law
  Despite the recent scandals in the Romanian political class 2015 looks for the economy at least being a year to celebrate. Economic activity in Romania is on the increase and therefore M&A business for Romanian law firms will increase. As though anticipating this last year the Romanian Competition Council (the “Council) revised its merger control

Cloudy Questions

luni, 17 noiembrie 2014 / Published in Intellectual Property, Romanian Business, Romanian Law
How secure is your information uploaded in the cloud? How many people upload data into the cloud and how many of them have ever stopped to consider the safety of the information uploaded or the compliance requirements with the laws regarding data protection. Even though the use of Cloud services is becoming more widely spread, the Cloud raises several

Freedom of information

luni, 27 ianuarie 2014 / Published in Intellectual Property, Romanian Business, Romanian Law
Transparency is one of the key stones of both democracy and the way that business is now being conducted in Romania and in most societies. No longer is it acceptable for a group of persons or indeed groups to get together and make decisions for the greater good, without the greater good being allowed to

Moving into the Electronic Age

marți, 24 septembrie 2013 / Published in Intellectual Property, Romanian Business, Romanian Law
One of the major areas of complaint in Romania is bureaucracy, and the filling in of countless meaningless forms. This can occur in the area of general taxation, but especially in relation to dealing with the Romanian customs authorities. For some time now, as those of you who have to deal with the authorities know,