Madalina Afrasinie (judge), Cosmin Vasile (managing partner) and Andrei Dumitrescu (partner) explain how the rule of law and the judicial power are functioning in this period.
Valerian Cioclei (Partner of Counsel) and Doru Cosmin Ursu (Managing Associate) reevaluate the impact and analyze the consequences of the President’s Decree on the Instituting of the State of Emergency and of the subsequent legal acts.
In order to minimise the negative effects on some categories of debtors in loan contracts, states such as, among others, Spain, France, Italy and Portugal have implemented legislative measures aimed at supporting the liquidity of undertakings and moratoria (payment deferrals) of payments under loans granted by banks or other financial institutions.
The Government of Romania adopted the Emergency Ordinance no. 32/2020 that amends and clarifies the provisions referring to technical unemployment allowances incurred from the state budget.
Emergency Ordinance no. 37/2020 on the granting of facilities for the credits granted by credit institutions and non-banking financial institutions.
The European Insurance and Occupational Pensions Authority (EIOPA) warned, not long ago, that insurers would soon confront with a serious of progressively difficult conditions, both as regards the difficult market context, and the maintaining of operations, while taking measures to protect employees and clients.
The Ministry of Economy, Energy and Business Environment issued Order no. 791 of March 24, 2020 on the granting of emergency situation certificates to economic operators whose activity is affected in the context of the SARS-CoV-2 pandemic.
Pursuant to art. 8 of Law no. 202/1998 on the organization of the Official Gazette of Romania, any legal deeds referring to economic agents and to other categories of legal persons, and, consequently, also the deeds of companies functioning under the Companies Law no. 31/1999 shall be published in the Official Gazette of Romania, Part IV.
The Government of Romania adopted the emergency ordinance no. 11/2020 on medical emergency stocks, as well as some measures related to the instituting of quarantine, approved by Law no. 20/2020.
In the meeting of March 18, 2020, the Government has adopted measures for the regulation of certain aspects related to the current situation. Thus, the following legal acts have been adopted and published in the Official Gazettes no. 230 and 231 of March 21, 2020.