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New Financial Supervisory Authority regulated in Romania

Romania - January 4 2013 In the Official Gazette no.874 of 21.12.2012 the Government Emergency Ordinance no. 932012 ("GEO") with regard to the establishment, organization and...

Florentin Giurgea, Daniel Burghelea.

New Financial Supervisory Authority to be regulated in Romania

Romania - December 14 2012 On 10 December the draft of a Government Emergency Ordinance (“GEO”) with regard to the establishment, organisation and function of the Financial Supervisory Authority (“FSA”) (the “Draft GEO”) was released for public consultations on the website of the Ministry of Public Finance....

Florentin Giurgea.

New legal requirements: labeling of food products

European Union - September 14 2012 EU Regulation 11692011 on the provision of food information to consumers, amending existing EU legislation on food and nutrition labeling, entered into force on 13 December 2011 (the “Regulation”)....

Valentina Parvu.

Insurance authorisation norms in Romania

Romania - September 13 2012 We would like to inform you of a recent and important change in Romanian insurance legislation....

Daniel Burghelea.

Changes to the Romanian Civil Code: Fiducia the Romanian concept of trust

Romania - September 16 2011 The New Romanian Civil Code (“NCC”) enters into force on 1 October 2011....

Florentin Giurgea.