Publications
Romania: International Secured Transactions
Under Romanian law, all creditors benefit from the general security in movables, which does not confer, however, any priority or special rights to the creditors against the debtor.The Civil Code refers to the right of creditors to satisfy their interests out of the debtor’s entire patrimony if the latter is insolvable...
World Trademark Review: Technology tangle
Unregistered trademarks are protected under Romanian law if they are recognized as well known. Other commercial signs, such as trade names and company logos, enjoy some level of protection under trademark and unfair competiton law...
Transition and competition IFLR 2008
One of the most important legal tools that smoothes the transition from centralised economies to liberalised markets is state aid. Before accession to the EU, the Romanian public authorities were obliged to disclose state aid measures to the national Competition Council...
World Trademark Review: Anti-Counterfeiting 2008
Customs proceedings and customs actions have become relatively effective means of blocking counterfeit products from entering the Romanian market because the customs authorities have started to take a very proactive role in enforcing IP rights at the national borders. IP rights holders seeking intervention by customs authorities must file an application to record each relevant IP right ...
Romania: Public Procurement
In addition to the EU Procurement Directives (including the GPA as integrated in these Directives), Romanian legislation also regulates the award of procurement contracts below the threshold value set out in the EU Directives and contains basic regulations for the award of services concessions.
Romania: Labour and Employment
Since the beginning of 2007 and during 2008 no significant amendments have been made to the Labour Code. The labour legislation is still very protective of employees and the general practice of Romanian courts is also consistently in favour of employees...
Corporate Governance and Directors' Duties
Directors and the members of the supervisory board are appointed by shareholders, following nominations by existing members of the board or of the supervisory board and/or shareholders. If a vacancy arises, interim directors, appointed by the board, fill the vacancy until the next general meeting of shareholders (general meeting)...
Dealmaking in Romania: lessons for foreign acquirers
M&A activity in Romania has surged in the last few years primarily due to strong foreign direct investment. Economic growth and increased consumer spending power, accession to the EU and favourable prospects for the future viability of the market are just some of the factors that make Romania an attractive choice.