Additional Fiscal Measures in the Context of COVID-19 - Tax Flash no.16/2020
Nestor Nestor Diculescu Kingston Petersen, October 2020

27.10.2020 –Emergency Ordinance no.181/2020 regarding certain fiscal-budgetary measures and for the amendment and completion of some normative acts as well as for the extension of certain deadlines was published in Official Gazette 988/2020 FISCAL CODE AMENDMENTS The cost of medical tests for diagnosing COVID-19 infection are considered deductible when calculating the corporate income tax or individual income tax for independent activities, during the state of emergency or state of alert...

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COVID-19 Legal & Tax Resource Center: Moving Forward Together
Nestor Nestor Diculescu Kingston Petersen, October 2020

The coronavirus disease (COVID-19) outbreak continues to put pressure on the public and private sectors alike. As we are entering new phases of the COVID-19 pandemic, we have to switch our focus towards safely and gradually reopening our businesses and economies while continuing to implement prevention measures. As public authorities are struggling to find the balance between reviving the economy and keeping the contamination rate under control we are now faced with another set of challenges for the public and private sectors alike...

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Impact of COVID-19 on Holding the General Shareholders Meetings: New Temporary Measures for Non-Listed Companies Only
Nestor Nestor Diculescu Kingston Petersen, May 2020

The long-awaited government enactment on the holding of the general meeting of shareholders in the context of COVID-19 outbreak was finally passed in the form of the Government Emergency Ordinance No. 62/2020 that entered into force on May 8 (Ordinance 62). However, Ordinance 62 lost the momentum for the annual general meetings of shareholders (GMS) of listed companies, the most vulnerable category of companies in terms of holding GMS in the particular context triggered by the coronavirus. It therefore states that it does not apply to listed companies...

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Is the Future of the European Green Deal Threatened by the COVID-19 Pandemic? Focus on the National Energy Sector
Nestor Nestor Diculescu Kingston Petersen, May 2020

In their attempt to reduce the spread of the new coronavirus pandemic of COVID-19 caused by the SARS-CoV-2 virus, governments throughout the European Union have imposed unparalleled measures with a strong impact on travel and economic activity. As the rate of new coronavirus infections started dropping across the European Union, governments and EU officials are looking for lockdown exit strategies and methods for boosting the currently stagnant economy. In this context, many discussions focus on how to better integrate and not to forego the commitments enshrined in the European Green Deal while drafting new policies aimed at reviving the EU economy...

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Powerful Business Response to Global Health Challenge
Nestor Nestor Diculescu Kingston Petersen, May 2020

Humanity needs from each of us unprecedented contributions to support and enhance healthcare systems’ response to the coronavirus threat. Money, good citizenship values, personal time, individual limitations and privations and brain waves, in any proportion, never amount for too much. Equally urgently needed is to contain irreversible disruptions in businesses and, thus, to protect communities and employees from shortages in food, health and education resources. It is paramount to project and prepare the future beyond the pandemic or living with it, as it is for the businesses to remain functional now, in various degrees...

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