Nestor Nestor Diculescu Kingston Petersen announced that the High Court of Cassation and Justice rendered another decision in favor of a large Romanian bank in the disputes initiated by the bank’s clients seeking to impose their own mechanism for calculating the interest.

Order 1708/2012 amending and completing several Minister of Finance Orders was published in Official Gazette 852/2012

Emergency Ordinance 84/2012 regarding the establishment of the public sector salaries for the year 2013, the prorogation of certain terms in normative acts, as well as certain fiscal-budgetary measures was published in Official Gazette 845/2012

All accolades from December to January 2012

The European Court of Justice („ECJ”) has ruled on the case SC Gran Via Moinesti SRL (C-257/11)

Legislation

Order 1714/2012 approving the procedure for the cancellation of the obligation to pay the social security contribution, and the template and content of certain forms was published in Official Gazette 798/2012

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