√     Introduction of the concept of “person closely related to the debtor” and of the specific obligations applicable thereto √     Stricter conditions for

√     Corporate law amendments take effect on 18 December 2025 √     Introduction of stricter controls on ownership changes in LLCs √     Higher

Summary: Amid growing security concerns and European Union’s prevention and defence readiness measures, Romania enhances its defence production and adjusts its procurement policies and legislation

Significant changes were recently brought to the gambling legislation in Romania[1] through Law no. 141/2025 on fiscal and state budget matters (the Amendment Legislation). Below

The HCCJ establishes that, within the meaning of Article 73, paragraph 23 of Government Ordinance no. 99/2000, the phrase “illicitly obtained income” refers to the

On 29 January 2024, the Government Emergency Ordinance no. 4 of 25 January 2024 (GEO 4/2024) issued by the Government of Romania came into effect,

Directors’ duties and liabilities have consistently been crucial aspects of corporate governance. This topic has gained renewed attention in the context of recent sustainability regulations,

√     New requirements for obtaining licences √     Substantial increase of licence and other fees √     Limitations on advertising Significant changes to Government