Legal news
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news
Romania: MiFID II in Practice: When can an activity be considered investment advice?
The accelerating pace of digitalisation, the emergence of new online interaction models and shifts in investor behaviour require a careful legal assessment of what constitutes investment advice under Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (“MiFID
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Romania: European Certificate of Succession
The European Certificate of Succession (ECS) is a highly significant legal instrument in the field of international inheritance law, established by Regulation (EU) No. 650/2012 of the European Parliament and of the Council. This regulation governs matters related to jurisdiction, applicable law, recognition and enforcement of decisions, as
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Romania: Practical aspects regarding the applicability of the NIS2 Directive in Romania
The NIS2 Directive was transposed into Romanian national law through Emergency Ordinance No. 155 of December 30, 2024, establishing a framework for the cybersecurity of networks and information systems in the civil national cyberspace (referred to as GEO 155/2024). The ordinance came into force on December 31, 2024, and companies
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Czechia: Income tax return 2024 – watch out for changes with respect to tax reliefs and allowances
As a part of its package for the consolidation of public finances, the Ministry of Finance, effective as of 1 January 2024, restricted or outright cancelled a number of tax reliefs applicable to personal income tax. These will make themselves felt for the first time in the income tax return
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Czechia: Performance into an account other than the bank account agreed in the contract; substitute performance in the form of a retainer in judicial safekeeping
May one perform an unilateral change of the contractual place of performance – i.e., here, a bank account? Under what circumstances may one utilize the concept of substitute performance and pay into judicial escrow?