I remember one of my first difficult title reviews as a lawyer in an international law firm. It was the year 2002; Romania had many unclear rules, and many state-owned companies and many properties had been confiscated by the state during communism.
We would like to inform you of a recent and important change in Romanian insurance legislation. By Order no.16 of 24 August 2012, the Insurance Supervisory Commission has enforced new "Norms regarding the authorisation and functioning of insurers".