Brussels I Regulation (EU) No 1215/2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (recast) entered in force on 10 January 2015 and has replaced the former Brussels I Regulation (EC) No 44/2001 on the matter, provided that legal proceedings commenced…
Commission adopts Implementing Regulation on data reporting implementing Articles 8 (2) and 8 (6) of REMIT
On 17 December 2014, the European Commission adopted the Implementing Regulation No. 1348/2014 (Regulation) setting out the requirements for the reporting of wholesale energy products and fundamental data in the European Union (EU) as part of the implementing acts of the Regulation on Wholesale…
Commission adopts Implementing Regulation regarding the Offshore Oil and Gas Safety Directive
On 13 October 2014, the European Commission adopted the Implementing Regulation No. 1112/2014 (Regulation) setting out common formats for sharing of information on major hazard indicators by the operators and owners of offshore oil and gas installations and for the publication of such information…
New electricity trading rules for the centralised bilateral contracts market in Romania
Romanian Capital Markets align with EU securities settlement date
While the majority of the EU member states, including Romania, used a three day securities settlement cycle (ʺT+3ʺ), following the adoption of Regulation (EU) No. 909/2014 of the European Parliament and of the Council on 23 August 2014 on improving securities settlement in the European Union and…