What is the AI Act – the EU regulation on artificial intelligence? Regulation (EU) 2024/1689, known as the AI Act, is the first comprehensive legislative frameworkin the world governing the use of AI throughout the European Union. Itentered into force on August 1, 2024, and its application will be gradual – between 6and 36 months, […]
New laws on victims of online violence The online environment, which has become a kind of Wild West, the effect of the free and unconditional access of users, but also of the massive wave of new followers who choose to become beneficiaries of applications, creates in the digital interface an environment vulnerable not only to […]
Expropriation: An analysis of the concept and its implications Expropriation is a legal term for the action of the state or a public authority to take private property from an individual or company for use in the public interest. It is a process by which property is forcibly transferred from the owner to the state […]
Have you encountered difficulties in accessing a bank loan? Here’s why: When you want to access a loan, banking institutions have the possibility to study your loan history, arrears or late payments. Thus, if you are more than 30 days late with your instalments, the bank where you took out the loan will notify you […]
Mandatory from 1 January: E-INVOICE It’s official. Law 296/2023 has made it compulsory that from 01.01.2024 invoices will be issued only by reporting them to E-Invoice. This obligation has now been extended to B2B (business to business) relations. Mandatory reporting of invoices via the e-Invoice system will apply, from 1 January 2024, for all transactions […]
What are the current limits for cash payment? Lately there has been a growing debate on the idea of modernising payment methods by moving away from cash payments and introducing new ceilings. There has been a lot of discussion about amendments to Law 296/2023 on fiscal and budgetary measures to ensure Romania’s long-term sustainability and […]
If in the period immediately following the entry into force of the EU Regulation 2016/679 on the protection of individuals with regard to the processing of personal data and on the free movement of such data everyone was talking about the new GDPR rules and there was a constant interest of economic operators to comply […]
Law 361/2022 on the protection of Whistleblowers in the public interest brings new obligations for companies, it transposes Directive 2019/1937 EU issued on 23 October 2019. Who are whistleblowers? The role of whistleblowers is to disclose and communicate facts of breaches of EU law carried out within an organisation and the areas of applicability are: […]
