Romania prepares for GDPR

On 5 September 2017, the Romanian Ministry for Internal Affairs published a draft law (“Draft Amendment”) amending the existing Romanian data protection legal framework in view of the upcoming May 2018 application of the EU Regulation no. 2016/679 of 27 April 2016 on the protection of natural persons…

Oil and Gas in Romania

Subsoil hydrocarbon resources located within the territory of Romania are the public property of the Romanian State – Article 136 (3) of the Romanian Constitution and Article 1 (1) of the Petroleum law No. 238/2004 (Petroleum Law)…

Finance and secured lending in Romania

What is the current state of the lending market in your jurisdiction and have any new trends emerged over the last 12 months? The lending market picked up during the second quarter of 2016, following a slowdown at the end of 2015. Bank debt continued to be the most common form of lending…

New Rules on Reception of Construction Works

The Romanian Government has recently adopted a new regulation for reception of construction works (“New Regulation”), which will enter into force on 29 July 2017 and will replace the former regulation from 1994 (“Former Regulation”). A brief outline of certain key aspects is set out below…