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
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
Identifying the real beneficiary of the companies regulated by Law no. 31/1990 and other obligations of these companies from the perspective of prevention and combating money laundering and terrorism financing
Law no. 129/2019 on prevention and combating money laundering and terrorism financing, as well as for amending and supplementing certain enactments („Law...Read More
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
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
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
Transfer of undertaking is more and more used by companies in their strategies for expanding, changing or restructuring their business. The parties involved in a transfer of undertaking should be aware of and observe the rules regarding the employees protection in case of transfer of undertakings (“TUPE”).
In Romania the employees affected by a transfer of undertaking are protected...Read More
LEGAL AND PRACTICAL ASPECTS
Although collective negotiation may be considered an easy process, the employers should avoid certain pitfalls raised by law and practice of the labour authorities, that may trigger fines or refusal of registration of the collective bargaining agreement (CBA).
Under the law, the employers with at least 21 employees are bound to negotiate a CBA at company...Read More
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
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