Doing Business in Romania: New Quota for Migrant Workers

By Karina Reizner, Hategan Attorneys

Romania has undergone one of the most promising economic growths among the EU states in the last few years. The height of the economic boom saw a 7% GDP growth in 2017, slowing down to a forecasted 3.8% GDP growth in 2019: still one of the highest growths in the European Union. This economic success is due partially to the flow of foreign direct investment (FDI) into Romania which might break the EUR 5 billion milestone in 2019, a height which has not been experienced in more than a decade.

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GDPR Rules and Their Application to Bankruptcy Estates

By Lars Berg Dueholm and Kasper Bjerre Hendrup Andersen, LOU Advokatfirma

The increasingly intensive European regulation of the data-protection area prompts the question of how the trustee-in-bankruptcy must act, partly with regard to his/her processing of personal data, which the debtor has collected and processed about employees, customers, suppliers before the bankruptcy, and partly with regard to the data processing that the bankruptcy estates inevitably will perform in their own right.

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Client Alert: Bill Introduced in General Assembly to Promote Private Hemp Industry

By Clint Pinyan, Brooks Pierce

Today, Senators Brent Jackson (R-Sampson), Norman Sanderson (R-Pamlico) and Todd Johnson (R-Union) introduced S.B. 315 (the “North Carolina Farm Act of 2019”), a bill to create the North Carolina Hemp Commission. The Commission would implement new federal law contained in the Agriculture Improvement Act of 2018 (colloquially, the “2018 Farm Bill”) in order to permit and regulate a broad statewide industry in hemp (a variety of the cannabis plant with low THC concentrations).

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FinSA & FinIA in Switzerland: Authorisation to engage in activity as a portfolio manager

By Philippe Bonnefous, Bonnefous & Cie SA

In June 2018, the Swiss legislature adopted two new bills governing the pursuit of certain activities in the financial sector. The FinSA (Financial Services Act) essentially covers the provision of financial services and the distribution of financial instruments. It derives some of its content from European legislation, adapted to fit the Swiss context. The FinIA (Financial Institutions Act) defines the conditions to which the various actors involved in this sector are subject in the performance of their activities.

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