News on the State Support Granted for Temporary Reduction of Working Time (“Kurzarbeit”)
Nestor Nestor Diculescu Kingston Petersen, April 2021

06.04.2021 – The Law no. 58/02.04.2021 for approving the GEO no. 211/2020 and amendment of GEO 132/2020 was published in the Official Gazette no. 345 dated April 5th, 2021 These new legal provisions introduce a series of amendments of articles wording, certain values/limits and conditions to be met regarding the possibility to temporarily reduce the working time in the current context and access the specific state support...

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Employment Flash No. 4/2021 – News on the General Template Documents for Technical Unemployment Support and Days Off for Parents
Nestor Nestor Diculescu Kingston Petersen, April 2021

07.04.2021 – The Ministerial Order no. 214/22.02.2021 for approving the template documents provided by art. 53¹ para. (12) of the Labor Code was published within the Official Gazette no. 350 dated April 6th, 2021...

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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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