NEW REGULATIONS IN THE FINANCIAL SECTOR
I. Legislative News
Law no. 178/2010 concerning the Public-Private Partnership (the “PPP Law”) has been recently amended via the Emergency Governmental Ordinance no. 39/2011, published in the Official Gazette no. 284/21.04.2011 (“EGO 39/2011”).
The Romanian Government decided on April 27, 2011, that a number of infrastructure projects be structured as public-private partnerships, for reasons including the magnitude or complexity thereof.
REGULATIONS ISSUED BY THE NATIONAL SECURITIES COMMISSION (NSC)
I. Internal Law Legislative News
Internal law legislative news
Regulations in the forest and agricultural field
Cadastre and real estate publicity related enactments
Law no. 178/2010 concerning the Public-Private Partnership (the “PPP Law”) has been published in the Official Gazette no. 676 of 5 October 2010 and will come into force in 30 days from publication (4 November 2010). This note attempts to give the reader a brief overview of (i) the legislative process and key steps to follow and (ii) the key features of the new legislation of interest for investors in PPP projects.
Cadastre and real estate publicity related enactments
Law 161/2010 amending Art. 84 of Law 296/2004 on the Consumer Code and Law 193/2000 on the abusive clauses of the contracts concluded between traders and consumers (“Law 161/2010”) was published in the Official Gazette no. 497 dated July 19, 2010.
