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.
The tax and budgetary facilities adopted by the state by the Government Emergency Ordinance no. 29/2020 and Government Emergency Ordinance no. 30/2020 can transform some theoretically useful measures quite into their opposite.
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 necessity to initiate a new award procedure.
Where taxation decisions have been issued following a tax audit and payment obligations have been established, such measures become enforceable and, if they have not been annulled/stayed, one may proceed to enforcement.
Alexandru Iorgulescu was a speaker at this year’s conference The Insolvency Code organized by Bursa. Among other relevant aspects related to the development of the insolvency market in Romania, Alexandru focused on the impact of the recent interpretations of the insolvency law by the High Court of Cassation and Justice and the Constitutional Court.
Key topics of the presentation included aspects related to the development of a special regime for the assignment of creditor’s rights from consumer loans, derogating from the civil law provisions governing the assignment of receivables generally.
Talent retention is one of the major challenges of Romanian employers. In addition to specific HR methods, there are legal and contractual mechanisms to secure talent retention. Any talent investment program starts with a strategy to protect the “investment”, respectively with a restriction to the resignation clause and a related penalty in case the restriction is not observed.
The analysis reveals the role of subcontractors and their relationship with the other parties involved in the public procurement contract.
The interview reveals details of the criminal trial initiated in 2015, following the fire in the Colectiv Club, where 64 people lost their lives and several tens suffered from serious personal injuries.
BUSINESS CONTINUITY AT ZRVP
The COVID-19 crisis is fast-moving and hard to predict. At ZRVP, our highest priority is the health and wellbeing of our people, our clients and our communities.
Our response measures are aligned with the recommendations and decisions of the Romanian authorities and ensure the safety of our people and visitors as well as the continued provision of key client services and operations.
We would like to assure you that ZRVP will continue to operate seamlessly during the next period, both remotely and at our offices. We will provide continuous legal service to all our clients and assist you in the navigation of the wide range of legal and economic impacts of COVID-19 that are leading to uncertainty and volatility across all sectors. We are closely monitoring the situation as it evolves and will provide up-to-date information related to the wide range of issues arising during this challenging time.
In the meantime, if you would like to contact any of our team members, please use the usual contact details.
Kind regards,
Your ZRVP team