Romanian law

Managing Commercial Contracts in Times of Crisis: Inflation, Supply Chain Disruptions and the Impact of Global Conflicts

The study examines the applicable legal framework, primarily the provisions of Law no. 58/1934 and the regulations issued by the The National Bank of Romania, highlighting both bill-of-exchange procedures (direct action, recourse action, and bill enforcement) and extra-bill remedies, such as the causal action or unjust enrichment claim.

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What are the legal consequences of a promissory note dishonoured for non-payment or due to insufficient funds

The study examines the applicable legal framework, primarily the provisions of Law no. 58/1934 and the regulations issued by the The National Bank of Romania, highlighting both bill-of-exchange procedures (direct action, recourse action, and bill enforcement) and extra-bill remedies, such as the causal action or unjust enrichment claim.

Read MoreWhat are the legal consequences of a promissory note dishonoured for non-payment or due to insufficient funds

CNSC Case Law Shows Common Problems Leading to Annulment

This case study examines a relevant decision delivered by Romania’s National Council for Solving Complaints (CNSC), focusing on a critical issue in public procurement procedures: the impact of amendments to the tender documentation during the bidding period. The case highlights the practical consequences of inconsistencies between the technical and financial proposals resulting from a misinterpretation of the contracting authority’s amendment notice.

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