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LSG Building Solutions v. Romania: Annulment Is Not An Appeal
An ICSID ad hoc committee unanimously dismissed Romania's application to annul an arbitration award in favor of LSG Building Solutions GmbH and nine other investors, rejecting Romania's arguments concerning jurisdiction, EU law, multiparty claims, and treaty interpretation. The committee emphasized that annulment is not an appeal and cannot be used to reconsider a tribunal's legal conclusions, only to address fundamental procedural defects.
Romania Litigation
Aceris Law
Article
Romania Rushing To Implement The EU Pay Transparency Directive
Romania has accelerated its legislative process to implement the EU Pay Transparency Directive, introducing both aligned and more stringent requirements than the EU framework. While certain areas like reporting requirements lack operational detail, others impose tighter timelines for employer compliance, including shorter response periods for employee information requests and mandatory written disclosure of salary ranges before interviews.
Romania Employment
LM
Littler Mendelson
Article
50% Super-deduction For Stock Exchange Listing Costs In Romania: Implementation Rules Now In Force
Romania has introduced a new corporate income tax incentive allowing companies to claim an additional 50% deduction on expenses related to stock exchange listings. With the recent publication of Order 804/2026, the framework is now complete, covering consultancy fees, regulatory charges, market operator fees, and other substantiated costs incurred during the admission and first-year maintenance period.
Romania Tax
K
Kinstellar
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