NEW SUPPORT MEASURES IN THE CONTEXT OF THE CURRENT EPIDEMIOLOGICAL SITUATION
Government Emergency Ordinance no. 132/2020 (“GEO 132/2020”) establishing new support measures for employees and employers in the context of the current epidemiological situation was published in the Official Gazette on 10.08.2020. Under GEO 132/2020 the Government adopted the following measures: Supporting by the State of an indemnity in case of temporary reduction of the...Read More
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Impact of coronavirus crisis in employment relationships
In the current context generated by the coronavirus crisis (Covid-19), employers must pay particular attention to implementing measures designed to prevent the risk of contamination of employees in the workplace and the spread of the virus. These measures will consider on the one hand the training of the employees on the health and safety measures, and on the other hand they will aim,...Read More
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Private M&A in Romania
Placintescu Riti & Asociatii has contributed with relevant information from the Romanian law perspective for the Private M&A chapter of the “Practical Law” global guide published by Thomson Reuters, providing a high level relevant overview on corporate entities, acquisition methods, preliminary agreements commonly made between sellers and purchasers, main documents in shares/assets...Read More
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NEW LEGAL PROVISIONS REGARDING DIVIDENDS’ DISTRIBUTION
Law no. 163/2018 on amending and supplementing Accountancy Law no. 82/1991, Company Law no. 31/1990 and Law no. 1/2005 on organization and functioning of the cooperatives was published in the Official Gazette of Romania no. 595 on July 12, 2018 and it is applicable as of July 15, 2018. This new enactment brings important changes to the previous legal provisions on...Read More
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TELEWORK
Three years as of the first legislative project on telework the law regulating the telework activity was finally enacted. Until now the Romanian labour law has regulated only the work from home as a way of working remotely. The Law no. 81/2018 on telework activity is more than welcome, as telework has important particularities that could not be properly regulated between the parties...Read More
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Order 409/4020/737/703 regarding the framing into the software activity
Order 409/4020/737/703 regarding the framing into the software activity has been published into the Official Gazette no. 468 as of 22 June 2017 and came into force as of July 1, 2017, repealing the Order 872/5.932/2.284/2.903/2016 regarding the framing into the software activity. This order becomes applicable starting with the incomes related to July 2017. This new order brings two...Read More
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NEW AMENDMENTS TO THE LABOUR CODE AND TO THE INDEMNITY FOR RAISING THE CHILD
Amendments to the Labour Code The Government Emergency Ordinance no. 53/2017, applicable starting with August 7, 2017, brings a series of significant amendments to the Romanian Labour Code, most of them being intended to reduce the undeclared work and to allow the authorities to properly check if the employers „benefit” of undeclared work. Although performing the work without...Read More
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