On 21 September 2021, the Ministry of Energy introduced a new proposal to amend Law no. 123/2012 on electricity and natural gas (“Law no. 123/2012”), in the form of an Emergency Government Ordinance (“Draft EGO”). The main purpose of the proposal is to implement Directive (EU) 2019/944 on common rules for the internal market for …
New Soil Quality Certificate – a potential impediment for land transactions
As of 1 January 2021, Law 246/2020 on soil use, conservation and protection (“Law 246/2020“), introduces a new requirement for certain land operations – obtaining a soil quality certificate in the following cases (for both extra muros and intra muros plots of land): the change of the holder of the land / the transfer of …
Law 223/2020 simplifying formalities for the transfer of shares in limited liability companies
On 5 November 2020 Law no. 223/2020 for simplifying and eliminating bureaucracy regarding transfer of shares and payment of share capital (“Law 223/2020“) came into force. Law 23/3030 repels some of the most impactful red tape provisions of Companies Law no. 31/1990 (“Companies Law“). Law 223/2020 eliminates the provisions that regulated the two-step procedure which …
Amendments to the Energy Law
On 15 December 2020 a law amending the Energy Law no. 123/2012 (“Energy Law“) was passed under no. 290/2020 (the “Amending Law“). The Amending Law, among others, transposes at a national level the provisions of Directive (EU) 2019/692 of the European Parliament and of the Council of 17 April 2019 amending Directive 2009/73/EC concerning common …
Simplification of trade registry formalities
On 26 December 2020 Order no. 6974/C/2020 amending and supplementing the methodological rules on the keeping of trade registers, recording and release of information (“Order“) has entered into force .The Order simplifies some of the formalities companies have to perform in order to register operations with the trade registry. The main amendments on incorporation of …