New measures regarding crowdfunding have been recently adopted by the European Parliament. The new framework is part of the capital markets union’s project which aims at providing an easier access to new financing sources.
On September 2, 2020, the European Data Protection Board adopted guidelines on the concepts of “controller” and processor” under the GDPR, aiming to clarify these critical concepts by providing concrete examples with respect to each, and specify the consequences attached to the different roles.
The European Commission has proposed a series of recommendations aimed at ensuring equality and more predictable measures regarding free movement in the European Union.
The Romanian Government has recently adopted through an Emergency Ordinance an adapted short-time work scheme intended to keep businesses and jobs afloat.
The amendments introduced to the Romanian Companies Law through Law No. 102 / 2020 ease the procedures for setting up new companies, improving the process for registering and communicating with the Trade Registry and encouraging investment in the Romanian economy. Further steps are in view to simplify the formal process of incorporating a company in Romania.
On July 12, 2020, the provisions of Law No 112/2020 (“Law 112/2020”) became effective in order to amend and supplement Law No 84/1998 on trademarks and geographical indications following the transposition of Directive (EU) 2015/2.436 of the European Parliament and of the Council of 16 December 2015 on the approximation of the laws of the Member States relating to trademarks.
The EU-US Privacy Shield agreement that attempts to guarantee the secure transmission of EU data to the US has been declared invalid by the European Court of Justice.