8 Aleksandr Sergheevici Puskin, Bucharest, District 1, PC 011996, Romania
(+4) 0745 007 311

Articles

An educated man is the one who never finish learning. - Lucian Blaga
Professional burnout could be regulated

In a recent session, the Senate addressed a new regulatory framework for recognizing and regulating professional burnout, hereinafter referred to as the burnout phenomenon. The proposed project focuses on enhancing adequate protection for employees, thereby expanding the current national health legislation. According to the World Health Organization (WHO) definition, burnout is a syndrome associated with...

Administrator’s liability towards the company

The duties of an administrator are regulated by law, the articles of association, and the resolutions of the general meeting of shareholders, so their liability will be analyzed from these perspectives to determine if their actions may constitute grounds for attracting liability. It is worth remembering that, according to Article 70, paragraph (1) of Law...

Electronic signature vs. handwritten signature

Law no. 214 of July 5, 2024, on the use of electronic signatures, timestamps, and the provision of trust services based on them, applicable from October 8, 2024, highlights several important aspects of electronic signatures, especially relevant in the context of digitalization. This law establishes the domestic legal framework for the direct application of Regulation...

Black Friday 2024 – useful information for e-consumers

Romanian and European legislation provides clear protections for consumers, covering the entire process of purchasing goods, whether through traditional physical stores or online e-commerce platforms. It is imperative for consumers to be aware of their rights in relation to economic operators, especially during periods like Black Friday and similar events when discounts or so-called discounts...

What happens if the registered office expires?

The registered office is the official address of a company and plays a crucial role in its operations. It is chosen at the establishment of the company, being one of the requirements imposed by the National Trade Register Office (ONRC) for registering the business. The expiration of the registered office can have significant legal and...

Steps for NIS2 Directive compliance

The steps to comply with the NIS2 Directive include several essential phases that affected organizations must follow to ensure they meet all the directive’s requirements. These steps include: Compliance assessment and identification of targeted entities: The first step is determining whether the organization falls under the category of essential or important entities defined by the...

What are the specific measures regarding the implementation of NIS2

NIS2 is a European directive that updates and extends the requirements for cybersecurity established by the first NIS Directive (Network and Information Security) from 2016. The main purpose of NIS2 is to increase the cyber resilience of essential infrastructures and to ensure a uniform application of cybersecurity measures across all EU Member States. Management of...

Credit activity through non-banking financial institutions

Credit activity on the territory of Romania can be carried out only through credit institutions and financial institutions. In addition, Law no. 93/2009 grants this right to non-banking financial institutions as well, with much more lenient conditions for accessing credit activity. Non-banking financial institutions are joint-stock companies that have been notified to the National Bank...

What is NIS2 and who needs to implement distinct procedures?

NIS2 is a European directive that updates and expands the cybersecurity requirements established by the original NIS directive from 2016. The NIS2 directive was officially adopted by the European Parliament and the Council of the European Union on December 14, 2022. It came into effect on January 16, 2023, and must be transposed into the...

The “shrinkflation” phenomenon – new obligations for retailers

Amid numerous public criticisms regarding the recent practice of retailers offering prepackaged products for sale, ANPC adopted Order 539/2024 on consumer information when selling prepackaged products whose volume or weight has decreased. This order was published in the Official Gazette on September 10, 2024, and will come into force 30 days after its publication in...