This paper purpose is to identify the historical reasons which underlie the current tax treatment of the interest payments under the Model Conventions elaborated by the Organization for Economic Cooperation and Development and by the United Nations. Although similar from the regulatory point of view, the different treatment of the interest income under the two Model Conventions is important, mainly due to their general purposes and to the way t...

Taking into consideration the new regulation implemented by the legislative power through the Governmental Emergency Ordinance no. 9/2013 which establishes a financial burden called “the environment fee”, a fee that has to be paid when registering a car in Romania, the present study intends to analyse whether the above-mentioned regulation succeeds or not in being different from the previous regulations which have been considered t...

This article represents the first part of a series dedicated to the resolution and resiliation of contracts under the new Civil Code. In this first part the authors review several novelties regulated by the Civil Code concerning mainly the notion and conditions of contract resolution, but also confront issues on which the legal doctrine has had under the previous regulation and continues to have incongruent interpretations (such as the condit...

The article is looking at the new Civil Code’s regulation of the funds deposit. The new legal framework sets out certain principles for the operation of the funds deposit agreement, providing for rights and obligations of the deponent and of the depository credit institution. Since the ownership over the amounts placed in deposit is transferred to the depository credit institution, the latter may freely dispose of these amounts in accordance wi...

The reform of state-owned enterprises’ corporate governance through the Government Emergency Ordinance no. 109 from December 14, 2011 is mostly noticed as the promoting the „private management” of these entities. However, considering the imminent privatization of significant state-owned enterprises, the legal cornerstone of the reform relates rather to the improvement of minority shareholders protection and to the enhancement of these entitie...

The article starts from different factual situations in order to draw the attention over a practice that is widely spread and clearly illegal: the factual misappropriation of immovable assets especially plots of land, for the construction in an undefined future of public interest objectives. Every day, in every important city of Romania, the provisions of Article 1 of the 1st Protocol of the European Convention for Human Rights are manifestly b...

This present article is intended to make a comparative analysis between a special mitigating circumstance which was introduced in 2010 in the Competition Law no. 21/1996, republished, with further amendments, and other legal institutions available both at the level of the national legislation in the competition field as well as the level of the European legislation in the context of the establishment of the sanction by the competition authori...