Under Romanian law, employment contracts must be concluded in writing for validity purposes. This justifies the extra care companies invest in a legally binding execution of these documents, as well as the growing interest in E-signing employment documents in Romania.
On 25 July 2021, Law 208/2021 amending and supplementing GEO 36/2021 entered into force. Law 208/2021 intends to partially eliminate the previously introduced legal and technical requirements and to simplify the use of electronic signature in employment relations.
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Romania: What it takes to sign employment documents electronically?
Under Romanian law, employment contracts must be concluded in writing for validity purposes. This justifies the extra care companies invest in a legally binding execution of these documents, as well as the growing interest in E-signing employment documents in Romania. On 25 July 2021, Law 208/2021 amending and supplementing GEO 36/2021 entered into force. Law […]...
Wolf Theiss advises Investindustrial on the sale of Lifebrain to Cerba HealthCare
Vienna, 2 August 2021 – Wolf Theiss advises European Laboratory Services S.à r.l. – a subsidiary of Investindustrial VI L.P. – on the sale of Lifebrain Group, the largest Italian provider of clinical laboratory tests and operator of one of the largest COVID-19 laboratories in Austria, to French diagnostics center group Cerba HealthCare. Wolf Theiss […]...
Instant payments are a success story waiting to go global
A typical M&A closing highlights the need for and value add of instant payments:parties to the transaction with an acquisition finance element meet late in the evening to sign the documents and prepare everything for the closing. It is their plan that when the banking day starts the payments will be ordered and hopefully processed. […]...
Wolf Theiss has advised CELLINK AB on a $68 million acquisition of in-vitro tech corporation
Bratislava, 28 July 2021 – Wolf Theiss has advised CELLINK AB, a Swedish 3D bioprinter manufacturer, on the acquisition of the in-vitro technology specialist MatTek Corporation, for a value of $68 million. MatTek Corporation, a Boston-area life sciences company specialising in lab-engineered human tissue production, has recently been acquired by CELLINK, a leader in bioprinting, […]...
New whistleblowing law in Romania: it’s time to streamline processes and secure your data flows
Material scope significantly expanded Romania will soon enforce new national legislation implementing the Whistleblowing Directive1. The Romanian legislation draft will replace the existing mechanism applicable in the public sector and mandatory in publicinstitutions and state-owned companies2. As per the new draft law, the element of novelty relates to the extension of protection for whistleblowers to […]...
I need a holiday! Know the rules on holiday entitlement
Most employees have dealt with questions like “How and when can I plan a holiday? What if I want to re-schedule my holidays? And can I be called back to the office?”. Since holiday season is in full swing we chose a fitting topic for our latest podcast episode: Holiday entitlement and the employment law aspects […]...
Lessons learned: practical experience from Hungary’s whistleblowing law
Hungary is in a special position at the European level, as it has almost a decade of experience in the application ofwhistleblowing systems and the protection of whistleblowers. In 2013, Hungary adopted the Act CLXV on complaints and public interest reporting (the “Act”).1 Therefore, the required implementation of the provisions of the EU Whistleblowing Directive […]...
Anonymous whistleblowing – and can digital solutions reduce the problems with it?
The EU Whistleblowing Directive as a trigger With the clock ticking towards the deadline for implementing the EU Whistleblowing Directive1, the issues around its implementation and the surprising delay of Member States to take action have become one ofthe hot legal topics of summer. Recent surveys indicate that only a few of the Member States […]...
Wolf Theiss advises Bain Capital in a $4.53 bn divestment of Lonza
Prague/Warsaw, 19 July 2021 – Wolf Theiss advised Bain Capital on a significant cross-border acquisition of Lonza Specialty Ingredients business and operations. The private equity firm, together with Cinven Capital Management, acquired the chemicals business arm of Lonza, the Swiss contract drug maker, for an enterprise value of $ 4.53 billion. The multi-level transaction closed […]...
Nachhaltigkeit und Vergaberecht: Neue Entwicklungen in Österreich
Aktionsplan nachhaltige Beschaffung – die neuen naBe-Kriterien Neues Straßenfahrzeuge-Beschaffungsgesetz Am 23. Juni 2021 hat die Bundesregierung den aktualisierten Österreichischen Aktionsplan für eine nachhaltige öffentliche Beschaffung inklusive naBe-Kernkriterien beschlossen. Der naBe-Aktionsplan will öffentliche Auftraggeber bei der nachhaltigen Beschaffung unterstützen, indem er für 16 Beschaffungsgruppen konkrete Anforderungen definiert. Darüber hinaus wurde am 8. Juli 2021 das neue […]...
Wolf Theiss advises Raiffeisen-Landesbank Steiermark AG on its issue of EUR 500,000,000 mortgage covered bank bonds
Vienna, 8 July 2021 – Wolf Theiss advises Raiffeisen-Landesbank Steiermark AG as issuer on its issue of EUR 500,000,000 0.50 per cent. mortgage covered bank bonds due 2041 (AT000B093547). Raiffeisen-Landesbank Steiermark Ag successfully closed the issue of mortgage covered bank bonds in the amount of EUR 500 million. The bonds have a maturity of twenty years […]...
Wolf Theiss advises Oberbank AG on its issue of EUR 250,000,000 0.125% green mortgage covered bank bonds
Vienna, 8 July 2021 – Wolf Theiss advises Oberbank AG as issuer on its first green issue of EUR 250,000,000 0.125 per cent. mortgage covered bank bonds due 2031 (AT0000A2RZH2). Oberbank Ag successfully closed the issue of green mortgage covered bank bonds in the amount of EUR 250 million. The bonds have a maturity of ten […]...