Romania

Recent Articles

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  19/05/2025

  Romania

  Romania launches second CfD auction

  On 12 May, the Romanian Ministry of Energy launched the auction initiation order for the second CfD ("Contracts for Difference") auction of 2025. The deadline for submitting clarifications is 30 May and the deadline for submitting applications is 11 July.Successful applicants will be announced on 14 August and new CfD contracts will be signed before 9 September.The total capacities in the auction are as follows:2,000 MW for onshore wind;1,472 MW for solar PV.The maximum cap prices have been set at the following:80 Eur/MW for onshore wind;73 Eur/MW for solar PV.One major change from previous tender...

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  14/05/2025

  Europe

  Why all trade marks should be protected against dilution

  Trade marks with a reputation is a special category that enjoys a broad scope of protection.Even if those marks are used for products and services that are completely different from those of the trade-mark holder, excluding confusion over their origin, there will be trade mark infringement if the trade mark holder can show that the other sign’s use takes unfair advantage of or is detrimental to the distinctive character or the repute of the trade mark.This special protection of trade marks with a reputation prevents sneaky traders from using, for example, the mark Puma for food products,...

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  13/05/2025

  International

  EU moves forward with Toy Safety Regulation

  The EU’s proposal for a Toy Safety Regulation is moving closer to formal adoption. In April 2025, the Council of the EU and the European Parliament reached a provisional deal on a regulation that updates and strengthens safety requirements for toys sold in the EU market.The new regulation is expected to better protect children by banning harmful chemicals, introducing a Digital Product Passport, and increasing oversight of online toy sales.BackgroundIn July 2023, the European Commission adopted a proposal for a Regulation on the safety of toys, which will replace Directive 2009/48/EC, the...

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  07/05/2025

  International

  Cyber Space: Global insights on cyber and data risk for insurers

  Issue 2, May 2025. How does the cost of cyber incidents vary across the globe?  A key pillar of CMS’ Cyber Space series is to compare and contrast the impact of cyber incidents in different international jurisdictions.In this respect, with assistance from colleagues in Brazil and Singapore, CMS UK have collaborated with the CMS’ network of international offices and affiliate law firms to consider the comparative costs of cyber incidents. We did so by focussing on the following aspects - Legal fees (average hourly rate in USD or ease), notification costs (in USD), chance of...

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  07/05/2025

  Europe

  EU ESG Ratings Regulation – What do I need to do if I’m not a ratings provider?

  The EU ESG Ratings Regulation (“ESGRR”) entered into force on 2 January 2025 and will start applying from 2 July 2026.The ESGRR is primarily aimed at firms that aim to explicitly position themselves as an ESG ratings provider.However, the broad scope of the ESGRR will impact other firms who may not think of themselves as an ESG ratings provider. It is therefore a key compliance issue for other types of firms (both EU and non-EU) to consider.Executive SummaryEven where a firm is not intending to operate as an ESG ratings provider, it will need to carefully consider whether ESG related...

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  07/05/2025

  Europe

  European Commission publishes Call for Evidence on SFDR revision

  On 2 May 2025, the European Commission (“EC”) published its call for evidence to help form an impact assessment on the revision of the EU Sustainable Finance Disclosure Regulation (“SFDR”).The Call for Evidence, which follows the Platform on Sustainable Finance’s briefing note outlining its proposal for a new categorisation system under the SFDR (which you can read more about here), invites stakeholders to submit general feedback.The Call for Evidence states that due to a lack of legal clarity on key concepts, the limited relevance of certain disclosure requirements,...

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