This article discusses one of the grounds for which the arbitral award may be set aside through the action for annulment, particularly the reason of rendering the award after the expiry of the term of the arbitration, although at least one of the parties has declared that it intends to avail itself of the lapse of the term of arbitration and the parties have not agreed to continuing the procedure. The article covers the requirements for...

This article describes the possibility of regulating corporate law using European Union directives. Issues such as legal basis of those acts, appropriateness and the effects of the directives in the Member States system of law are discussed. Various examples from the Romanian law are also presented.