The Regulation (EU) 2017/1129 (“New Prospectus Regulation“) of the European Parliament and of the Council on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (“Prospectus Directive“) came into force on 20 July 2017 and will come into full effect …
Draft Law to implement Shareholder Rights Directive II in Romania
On 5 June 2019, a draft law aiming to transposing in Romania, among others, the EU Directive 2017/828/EU as regards the encouragement of long-term shareholder engagement (the “Shareholder Rights Directive II“) was published for consultations by the Ministry of Finance (the “Draft SRD Law“). The Shareholder Rights Directive II envisages to strengthen the position of …
Equivalence between electronic signature and handwritten signature
The High Court of Cassation and Justice (“Romanian Supreme Court“) has confirmed in Decision no. 520 of 9 May 2019 (“Decision“) that documents submitted to courts in electronic format and bearing a qualified electronic signature have equivalent effects as physically submitted and handwritten signed documents. The Decision came in the context where the Romanian Supreme …
Copyrights on the Internet – significant new protection measures are coming in the EU
On 26 March 2019, the European Parliament passed a proposal for a directive regarding copyright in the Digital Single Market (the “Copyright Directive“) aimed at ensuring that traditional rights and obligations of copyrights law applies to the Internet in the EU. The Copyright Directive imposes rules for use and reproduction of content in the online …
2019 CEF Energy call for proposals makes €750 million available to finance projects of common interest
The European Commission has recently announced the release of EUR 750 million of funding via Connecting Europe Facility (“CEF“) for key energy infrastructure projects. A 2019 CEF Energy call for financing proposals was published on 20 March 2019 and will be open until 13 June 2019 (“2019 CEF Energy Call“). CEF Energy offers financing for …