Interim protective measures granted by Romanian Courts during a procedure for recognition and enforcement of a foreign arbitral award
The scope of interim protective measures established during a procedure for recognition and enforcement of a foreign arbitral award The scope of interim protective measures is to ensure the effectiveness of a foreign arbitral award and also the effectiveness of the recognition and enforcement decision issued by Romanian Courts at the end of the …
Exequatur of foreign arbitral awards in Romania
Conditions for Exequatur of foreign arbitral awards in Romania Romania ratified in 1961 The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards that establishes a simple and efficient[1] procedure for the recognition and enforcement of foreign arbitral awards.
Selection and awarding criteria in Romanian Public Procurement
In Romanian Public Procurement Procedures, there were cases qualified as unlawful practices because in the Award Documentation (abbreviated in the following ‘AD’), the Contracting Authority (abbreviated in the following ‘CA’) used unclear/equivocal award criteria or compliance requirements.
5 Steps for Due Diligence M&A in Romania
Due to the complex nature of mergers & acquisitions, the due diligence process could take between several weeks to several months.
Romanian M&A market – stock and asset purchases
Different forms of acquisition under Romanian Law: There are generally two types of purchases in relation to acquisitions of Romanian companies:
7 key steps during an International arbitration in Romania
Writing phase: Request for Arbitration and Answer Request for arbitration: Art. 10 of the Romanian Rules of Arbitration defines the Request for Arbitration as a brief document whose purpose is to announce the existence of the dispute by a narrow description of the conflict, indicating the identity of the parties, the claims and the proof …
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