On 29 July 2019, Law no. 151/2019 (“Law 151/2019”) for amending and supplementing Law no. 350/2001 on land planning and urbanism (“Law 350/2001”) entered into force. The amendments included in Law 151/2019 refer mainly to the regime and protection of informal establishments (in Romanian “asezari informale”) which are usually located in the outskirts of urban or rural localities, comprised of improvised dwellings made of recovered materials and / or dwellings made from conventional construction materials.
On 18 July 2019 a new piece of legislation regarding the prevention and control of money laundering and terrorist financing was enacted, namely Law no. 129/2019 published in the Romanian Official Gazette no. 589 on 18 July 2019, which has recalled Law no. 656/2002 regarding the prevention and sanctioning of money laundering and terrorist financing.
PeliPartners assisted AFI Europe, a leading real estate development and investment company in Central and Eastern Europe and a prominent player on the Romanian market, in the negotiation and signing of the pre-sale agreement for the acquisition of 75% of the participation in the project company developing “Casa Radio”, a public-private partnership, from a company controlled by Plaza Centers NV.
The National Supervisory Authority For Personal Data Processing has announced on 4 July 2019 the issuance of the first fine in the application of Regulation (EU) 2016/679 of European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.
On 7 May 2019, the President promulgated Law no. 97/2019 for amending and supplementing Law no. 10/1995 on quality in construction. The law will come into force three days after publication with the Official Gazette. The declared purpose of the new Law is to cover a legislative gap allowing buildings which were unfit for dwelling purposes to be placed on the real estate market. The new Law provides that investors and building owners may allow the use of a building (new or refurbished) only after the reception upon completion of works. The previous form of Law no. 10/1995 required that owners allow the use of a building after reception upon completion of works is performed and proper permitting is secured. This obligation continues to be in force.
On 8 April 2019, the High Court of Cassation and Justice rendered a decision for interpretation of the law (in Romanian: recurs in interesul legii) regarding construction works performed in the absence of or in breach of the building permits.