What is the procedure of cancelling a promissory note and appealing against enforcement in Romania?
Being a common financial payment instrument in the relations between professionals, promissory notes in Romania play an important role in discharging from the contractual obligation arising from the contract concluded between the two parties, with the purpose of guaranteeing the payment obligations in Romania. The biggest advantage of the promissory note in Romania is the quality of enforceable title in Romania. …
How to revise a construction contract and a subcontract agreement in Romania?
A contract of services and a subcontract agreement in Romania is a document that defines the terms of an agreement between a construction services provider in Romania and a customer who is requesting to perform a certain material or intellectual work in Romania, or to perform services activities in Romania, in exchange for a price. The Romanian …
Continue reading “How to revise a construction contract and a subcontract agreement in Romania?”
The Romanian Law firm Pavel Margarit and Associates provided legal assistance and representation to a Romanian citizen in a dispute concearning the appeal against a compensation decision issued by the National Real Estate Compensation Commission (C.N.C.I.), in order to establish the correct and objective value of the property , managing to obtain for him a higher value of the building compared to that calculated by the National Commission for Real Estate Compensation, namely, approximately 3,000,000 lei
The Romanian Law Firm Pavel Margarit and Associates provided legal assistance and representation to a Romanian citizen in a dispute concearning the appeal against a compensation decision issued by the National Real Estate Compensation Commission (C.N.C.I.), in order to establish the correct and objective value of the property.
What amendments have brought the Romanian Law 265/2022 on the Trade Register and for the amendment and completion of other normative acts affecting the registration in the Romanian Trade Register?
Starting with November 26, 2022, Law 265/2022 was adopted in Romania, regarding the Romanian Trade Register and for amending and supplementing other normative acts with an impact on the registration in the Trade Register in Romania. The main substantive changes provided for by Law 265/2022 are: registration in the Trade Register in Romania on the basis of the registrar’s hearing report, the formulation …
How to appeal against the compensation decision issued by CNCI/ANRP by which the real estate properties taken over abusively in Romania were undervalued?
Following the Romanian Law no. 165/2013 regarding the restitution of properties in Romania, natural persons whose real estate properties has been taken over abusively in Romania can ask for the support of lawyer specialized in appeal against the compensation decision issued by the Romanian National Commission for Property Compensation (referred to as CNCI)/ the Romanian …
The new amendments brought to the individual employment agreement and Labor Code in Romania
Starting with October 22, 2022, the Romanian Law no. 283/2022 entered into force in Romania for amending and supplementing the Law no. 53/2003 – Romanian Labor Code, as well as the Romanian Government Emergency Ordinance no. 57/2019 on the Romanian Administrative Code, and thus the employment agreement in Romania was amended. The main amendments to …
Long-awaited Reform of Indonesia’s Renewable Energy Sector
After several years of discussions, the Indonesian Government has finally issued Presidential Regulation No. 112 of 2022 on Accelerating Development of Renewable Power Supply (PR 112/2022).
OJK’s Revised Regulatory Framework on Peer-to-Peer Lending
Indonesia’s Financial Services Authority has issued a new regulation on peer-to-peer lending platforms. As the sector matures, more stringent regulatory requirements have been introduced, applying concepts similar to those found in other financial services sub-sectors.
Indonesian Financial Services Companies Prohibited from Marketing Non-OJK Licensed Investment Products
Innovation and digitalisation in the financial sector have provided investors with easier access to various investment products (including offshore issued securities). The recent appearance of certain market players providing access to various types of offshore issued securities and other investment products to Indonesian investors has resulted in greater attention from a consumer protection perspective.
Indonesia Passes Historic Personal Data Protection Bill
On 20 September 2022, Indonesia’s President and House of Representatives (DPR) approved the Personal Data Protection bill following six years of deliberation.