DORA – A NEW CHAPTER FOR THE FINANCIAL AND ICT SECTORS 1. Background In December 2022, the European Parliament and the Council adopted Regulation (EU) 2022/2554 on digital operational resilience for the financial sector and amending Regulations (EC) no. 1006/2009, (EU) no. 648/2012, (EU) no. 600/2014, (EU) no. 909/2014 and (EU) 2016/1011 (the “Digital Operational […]

There is a new legislative project to be adopted at European Union level, namely the Proposal for a Council Regulation on an emergency intervention to address high energy prices. The Proposal comes in the context of the energy crisis caused by the conflict between Russia and Ukraine and aims to tackle the rising energy prices […]

1. Background In follow-up to our recent article1 on the novelties brought by the Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods, amending Regulation (EU) 2017/2394 and Directive 2009/22/EC, and repealing Directive 1999/44/EC (the “Directive”) and its transposition […]

Our tax team have freshly released an article with regards to the Romanian Customs Authority, recently affected by new regulations, applicable starting with December 10, 2021. The reorganization of the National Tax Administration Agency (“ANAF”) for the establishment of the Romanian Customs Authority may lead to a more efficient management of internal resources, and likely […]

Overview Digitalization has seen an incredible lunge forward within the past years. This evolution brought along several opportunities that would not have been otherwise possible. One of the markets that have seen such a step forward is gig economy. Generally speaking, the concept of “gig-economy” defines short-term working arrangements between companies and workers and that […]

This article was originally published in Reports Legal, 29 October 2021, and can be found here. Following the withdrawal of government support measures to mitigate the economic effects of the pandemic, Dana Rădulescu, Partner, MPR Partners, examines the outlook for insolvency. At the beginning of October, the main UK government support measures given to British […]

Founding Partner Gelu Maravela recently authored an article which was originally published in Thomson Reuters’ Regulatory Intelligence, with regards to the European Banking Authority’s new Anti-Money Laundering provisions. Developments in technology, together with globalisation, have been accompanied by the proliferation of certain types of misconduct, with instances of fraud sometimes appearing to increase on a […]

The EU Commission presents next steps in the setting up of the Joint Cyber Unit 1. Background of the proposed changes The COVID-19 pandemic has boosted digitalization and digital interaction at all levels of European society. Along with increased interconnectivity, however, came greater vulnerabilities and threats from a cybersecurity perspective. In order to deliver seamless […]

THE CJEU DELIVERS ITS JUDGEMENT IN CASE-392/19 ADDING TO THE JURISPRUDENCE ON WEB LINKING 1. Introduction On September 10, 2020, Advocate General Maciej Szpunar delivered his Opinion in Case C‑392/19 VG Bild-Kunst v Stiftung Preußischer Kulturbesitz, where a request for a preliminary ruling was lodged with the Court of Justice of the European Union (“CJEU” […]

1. Introduction In the recent years, cybersecurity has become one of the crucial areas that the European Union (“EU”) decided to invest in to get fit for the digital era. In order to acquire leadership and autonomy in this field, the EU takes steps to develop competencies, capacities and capabilities. One step in this regard […]