Dragne & Asociatii (News and Events)

The fight with the fiscal authorities ends in court

Dragne & Asociatii — Mon, 13 Feb 2012 17:26:36 +0000

Dragne & Asociatii deputy managing partner Delia Bosman was quoted in a 9 Feb 2011 avocat.net article titled “The fight between the taxpayer and the fiscal authorities: begins with an inspection and ends in court”. The article offers insights into how these disputes with the fiscal authorities should be addressed, as Mrs. Bosman notes

Amendments to the Fiscal Code by GEO 125/2011

Dragne & Asociatii — Wed, 01 Feb 2012 11:43:07 +0000

In the Official Gazette no. 938 of December 30, 2011 was published the Government Emergency Ordinance no.125/2011 (“GEO 125/2011”) amending and supplementing the Law no. 571/2003 regarding the Fiscal Code [in Romanian Ordonanta de Urgenta nr. 125 din 27 decembrie 2011 pentru modificarea şi completarea Legii nr. 571/2003 privind Codul fiscal]. GEO 125/2011 has

New regulations and rules in arbitration

Dragne & Asociatii — Tue, 31 Jan 2012 07:25:31 +0000

New Rules of Arbitration (“Reguli de procedura arbitrala”) of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania were published on January 23, 2012. Among the important amendments is that concerning the procedure for appointing the arbitrators: the parties are no longer allowed to nominate arbitrators, this

The framework of origin guarantees for renewable energy (E-SRE)

Dragne & Asociatii — Sun, 22 Jan 2012 14:21:28 +0000

Government decision no. 1232 of 14 December 2011 for approval the Regulation for issuing and monitoring of the origin guarantees for electricity produced from renewable energy sources (RES-E) (the “Regulation”), was published in the Official Gazette, Part I, no. 4 of 4 January 2012 [in Romanian – “Hotararea nr. 1232 din 14 decembrie 2011

Amendments to the authorization process in the natural gas field

Dragne & Asociatii — Sat, 21 Jan 2012 14:17:51 +0000

The Order 52/2011 for amending and supplementing the Regulation for authorization and verification of the economic operators performing design, execution and operation activities in the natural gas field was published in the Official Gazette, Part I, no. 932 of December 29th, 2011 [in Romanian - “Ordinul nr. 52 din 16 decembrie 2011 privind modificarea

Capital market regulations are brought in line with the New Civil Code

Dragne & Asociatii — Fri, 20 Jan 2012 14:13:41 +0000

With a view of bringing in line the capital market laws with the New Civil Code, Regulation no. 18/2011 for amending and supplementing certain regulations issued by the Romanian National Securities Commission according to Law no. 287/2009 regarding the Civil Code was published in the Official Gazette no. 2 of January 2, 2012 [in

Amendments to the competition regulations

Dragne & Asociatii — Thu, 19 Jan 2012 14:07:09 +0000

Order no. 897/2011 amending the Instructions regarding the individualization of the sanctions for the contraventions provided by art. 50 and art. 501 of the Competition Law no. 21/1996 was published in the Official Gazette no. 932 of December 29, 2011 [in Romanian, Ordin nr. 897 din 6 decembrie 2011 privind punerea in aplicare a

New rules applicable to the energy market

Dragne & Asociatii — Wed, 18 Jan 2012 14:02:19 +0000

Order no. 53/2011 issued by the Romanian Energy Regulatory Authority regarding the establishment of the deadline for issuing the offers on the Energy Market for the following day, during the transaction day which is prior to the delivery day, was published in the Official Gazette no. 922 of December 27, 2011 [in Romanian, Ordin

Enforcement activity of the credit and non-banking financial institutions

Dragne & Asociatii — Tue, 17 Jan 2012 13:57:28 +0000

Law no. 287/2011 regarding certain measures for organizing the enforcement activity of the receivables belonging to credit institutions and non-banking financial institutions was published in the Official Gazette no. 894 of December 16, 2011 [in Romanian, Legea nr. 287 din 14 decembrie 2011 privind unele masuri referitoare la organizarea activitatii de punere in executare

Amendments to the banking legislation

Dragne & Asociatii — Mon, 16 Jan 2012 17:18:21 +0000

Order no. 26/2011 issued by the National Bank of Romania regarding certain provisions for the application of the banking prudential requirements was published in the Official Gazette no. 903 of December 20, 2011 with a view to implement the International Financial Reporting Standards at individual level [in Romanian, Ordin nr. 26 din 9 decembrie