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COVID-19 Legal Support

COVID-19 Legal Support is our reaction to pandemic for helping Romanian entrepreneurs and foreign investors: updates, insights and legal analysis on the impact of the coronavirus on economy and business practice.

 

We can respond with practical guidance and resources to queries from clients and partners about the impact of new developments and legislation across practice areas like: Employment, Banking and Finance, Capital Markets, Competition and Antitrust, Dispute Resolution, Energy and natural resources, Mergers and Acquisitions. 

News


Grants for businesses affected by the COVID-19 pandemic

12 August 2020

Emergency Ordinance no. 130/2020 regarding measures for financial support from non-reimbursable external funds, related to the Operational Program Competitiveness 2014-2020 (POC 2014-2020), in the context of the crisis caused by COVID-19 (hereinafter “GEO 130/2020”) entered into force on August 6th 2020.

GEO 130/2020 provides the...
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Measures on supporting and stimulating the work force – legal context

11 August 2020

G.E.O. no. 132/2020 which regulates multiple aid measures in favor of employees and employers, among which the long awaited Kurzarbeit, we previously discussed about, entered into force yesterday, August 10th, 2020.

The current situation of the labor market

This concept is launched in a labor market where...
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The IMM Leasing Program for Equipment and Machinery

27 July 2020

The Emergency Ordinance no. 118/2020 regarding the Program supporting small and medium enterprises named “SME Leasing Program for Equipment and Machinery” (hereinafter “GEO 118/2020”) entered into force on the 24th of July 2020.

The SME Leasing Program for Equipment and Machinery (hereinafter referred to as “
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The law regarding the quarantine and isolation measures

20 July 2020

The law regarding the quarantine and isolation measures

After the Romanian Constitutional Court declared as unconstitutional certain provisions of the law on healthcare reform regulating the quarantine and the compulsory isolation measures, the legislative vacuum in this area was covered by Law no. 136/2020 on the establishment of measures in the field of...
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Main amendments to the Insolvency Law

16 July 2020

Law no./ 113/2020 regarding the approval of the Government Emergency Ordinance no. 88/2018 (hereinafter “Law 113”) has entered into force starting 11 July, with a series of important amendments of Law no. 85/2014 regarding the procedures for preventing insolvency and insolvency procedures (hereinafter “Law 85/2014”) and other normative acts, as fol...
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Economic recovery plan - July 2020

07 July 2020

On Wednesday, the 1st of July 2020, the Romanian government announced an economic recovery plan designed to help society overcome the current crisis caused by the COVID-19 pandemic. The proposed plan aims to support Romania's key areas for growth and proposes a new model of economic growth based on the stimulation and development of the capital and the competitiveness of Romanian companies. The plan p...
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Post alert state support measures for employees

02 June 2020

Measures subsequent to the reactivation of employment contracts

As already known, during the state of emergency, as decreed by the Presidential Decree no. 195/2020 and extended according to the Presidential Decree no. 240/2020, as well as subsequently, until 31 May 2020, employers whose activity was affected due...
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Measures in the field of labour and social protection during the state of alert

26 May 2020

By means of the Government Decision no. 394/2020, on May 18, on the entire territory of Romania, the state of alert has been established, for a period of 30 days. Thus, employers are forced to take certain measures to ensure that they safely perform their activities, measures which will be further detailed in subsequent orders.

Moreover, article 71 parag...
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COVID-19: Special rules regarding general meetings of shareholders

14 May 2020

Recently it was published in the Official Gazette of Romania the Government emergency ordinance no. 62 regarding the adoption of certain measures concerning companies regarding the organisation of meetings of their corporate bodies (”GEO 62” ), applicable starting with 8 May 2020.

GEO 62 contains provisions on the convening and holding of t...
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Military Ordinance no. 10 from 27 April 2020

27 April 2020

On April 27, 2020, the Military Ordinance no. 10 regarding the measures to prevent the spread of COVID-19 was published in the Official Monitor of Romania.

According to the Military Ordinance, people over 65 can leave their domicile regardless the time frame, only for the following purposes (i) professional activity; (ii) for healthcare purposes; (iii) carrying out agr...
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COVID-19: Strategies for preserving company liquidity

24 April 2020

Among the most powerful economic effects of the crisis generated by the COVID-19 pandemic and with immediate impact are impairment of the liquidity levels of companies, especially for those companies active in sectors where activity has been interrupted, such as tourism, restaurants or aviation. However, the economic crisis is just in the early stages and its implications are not yet fully known. Therefor...
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COVID-19: UPDATE – Electronically signed documents

23 April 2020

The Government Emergency Ordinance no. 38/2020 regarding the use of electronically signed documents by public authorities and institutions 

In the context of the COVID-19 pandemic, public authorities need to issue measures which prevent, as much as possible, the direct contact between individuals. On the 7th of April 2020, the Government Emergency...
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Decree no. 240 from 15 April 2020

15 April 2020

On 14 April 2020 the Presidential Decree no. 240 regarding the extension of the state emergency in Romania was published in the Official Monitor of Romania, applicable as of today, 15 April 2020.

According to the Decree the state of emergency is extended for an additional 30 day-period starting with 15 April 2020.

Moreover, the Decr...
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Military Ordinance no. 8 from 10 April 2020

10 April 2020

Today was published in the Official Monitor of Romania the Military Ordinance no. 8 establishing new measures to prevent the spread of COVID-19.

According to Military Ordinance no. 8, the following categories of persons can leave their domicile:

holders of commercial fishing authorizations...
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COVID-19: State aid scheme for SMEs and microenterprises

09 April 2020

The Romanian Government has recently adopted through Government Emergency Ordinance no. 42/2020 a series of measures aimed to support SMEs and microenterprises whose businesses have been affected as a result of the COVID-19 crisis. It is estimated that the state aid detailed below will be granted to a maximum number of 40.000 beneficiaries, against a total budget of EUR 161 million.


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The application guidelines for the GEO regarding the postponement of loan instalments: clarification or confusion?

07 April 2020

Both creditors and debtors were keenly anticipating the entry into force of the application guidelines for the GEO no. 37/2020 regarding the facilities granted for loans (the “GEO”) in order for them to bring clarifications and guidance on the application of the deferral of payments of loan instalments (the “Guidelines”). The premise of the regulat...
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Military Ordinance No. 7 from 04 April 2020

05 April 2020

On April 4, 2020 the Military Ordinance no. 7 establishing new measures to prevent the spread of COVID-19 was published in the Official Monitor of Romania.

Military Ordinance no. 7 stipulates that, during the state of emergency the quarantine measure is established in Țăndărei village, Ialomița county.

Therefore, in the quarantine a...
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Technical unemployment – conditions and procedure

03 April 2020

The conditions for granting the technical unemployment allowance, as initially consecrated by the Government Emergency Ordinance no. 30/2020  on the amendment and completion of a series of normative acts and establishing some measures in the field of social protection in the context of the current epidemic situation determined by the spreading of the coronavirus (”GEO 30”...
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Military Ordinance No. 5 & 6 from 31 March 2020

03 April 2020

On March 31, 2020 two new military ordinance, Military Ordinance no. 5 and Military Ordinance no. 6, were published in the Official Monitor of Romania; they stipulate new measures to prevent the spread of COVID-19.

Military Ordinance no. 5/2020

According to the provisions of Military Ordinance no. 5 th...
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Opinion regarding the payment of credit instalments in the C-19 context

02 April 2020

The much-anticipated Emergency Government Ordinance no. 37/2020 regarding the facilities granted to certain categories of creditors by credit institutions and non-banking financial institutions (“GEO”), has been adopted by the Romanian Government in the 26th of March meeting and published on 30 March. The measures anticipate that economic agents will be confron...
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Military Ordinance No. 4 from 29 march 2020

30 March 2020

On March 29, 2020 a new Military Ordinance was published in the Official Monitor of Romania which stipulates new measures to prevent the spread of COVID-19.

Therefore, the Military Ordinance no. 4 stipulates that people over 65 can leave their domicile apart for the time frame previously set from 11:00hrs to 13:00hrs only for medical purposes by presenting to the compe...
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M&A – New approaches in the context of the COVID-19 pandemic

31 March 2020

During the last years, the Romanian M&A market was characterized by an upward trend of profile transactions, the year 2019 registering the highest level in the last ten years. Although the negative impact of the 2008 global economic crisis has had long-term repercussions, the M&A market has gradually experienced a significant comeback with essential and significant transactions both in terms of va...
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Opinion regarding the payment of credit instalments in the C-19 context

27 March 2020

The much anticipated emergency government ordinance (GEO) regarding the facilities granted to certain categories of creditors by credit institutions and non-banking financial institutions, has been adopted by the Romanian Government in the 26th of March meeting. The measures anticipate that ONLY certain SMEs will be confronted with severe liquidity shortages, as well as individuals that wi...
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Order no. 791/2020 regarding the issuance of the state of emergency certificates for economic operators with activities that have been affected in the context of SARS-CoV-2 pandemic

26 March 2020

The rapid and large-scale spread of the COVID-19 virus economically affects all types of companies. The restrictive measures undertaken recently by the public authorities have a major impact on the economy, therefore protective instruments for the business environment should also be considered in such context. As a consequence, the Ministry of Economy, Energy and the Business Environment...
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What risks are incurred by the breach of prevention measures against the spread of the coronavirus?

26 March 2020

This article aims to conduct a brief analysis of the measures adopted in the criminal law field by the Romanian Government at a national level, following the World Health Organizations’ assessment of the COVID-19 spread as a pandemic, by focusing on the content of said measures, their grounds, as well as their potential effects. The article also refers to the potential applicability of specific pree...
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Measures adopted by the Military Ordinance no. 3 from 24 March 2020

24 March 2020

On March 24, 2020, the Military Ordinance no. 3 regarding the measures to prevent the spread of COVID-19 was published in the The Official Monitor of Romania; the measures applied as of today, starting at 12 pm.

Among its most important provisions, we mention that the text prohibits any outdoor activities, including during the daytime, except for the following purposes...
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Special fiscal measures, technical unemployment and financing of the SME segment

24 March 2020

Special fiscal measures implemented at national level through the adoption of Government Emergency Ordinance no. 29/2020 in the context of the COVID-19 pandemic

Given that the spread of COVID-19 virus has created circumstances with major negative impact on both global and national economies, the Romanian Government has aligned with the practice of other EU member states and has adopted a series of measures, o...
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Measures adopted by the Romanian Government within the current economic context

20 March 2020

The Decree of the President of Romania no. 195 / 16.03.2020 regarding the establishment of the state of emergency on the territory of Romania followed the legislative process and on March 19, 2020 it has been unanimously adopted by the Romanian Parliament.

In this respect, we hereby remind the fact that starting with March 16, 2020, the state of emergency has been esta...
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COVID-19: Employers, choices and obligations

18 March 2020

In times when the major concern of private companies is the minimization of material damage, at least as much emphasis should be placed on the human factor. The financial uncertainty faced by the employees comes with the uncertainty of their health.

Although, regarding both elements, there are no absolute guarantees, some employers may, with the existing legislative instruments, contribute to a greater degree to the comfort a...
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State of emergency to fight the coronavirus in Romania

17 March 200

In a strongly economic context unbalanced by the COVID-19 pandemic, Romania aligns itself with the measures taken by other EU member states and declares a state of emergency to allow the authorities to implement the most appropriate strategies for managing and preventing the spread of coronavirus.

In short, the state of emergency represents the set of exceptional measures of political, economic and public order applicable thr...
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