As the European Union and Romania transition into the final quarter of 2026, August has introduced critical regulatory milestones that redefine compliance and strategic planning. While the EU is actively enforcing unprecedented digital transparency and consumer rights frameworks, Romania is overhauling its real estate development landscape and unlocking massive renewable energy investments. This evolving landscape creates a dual imperative for corporate leaders, investors, and industrial operators: ➡️ Anticipating the EU’s “Accountability and Circularity” approach, where the full enforcement of the AI Act’s transparency rules imposes strict labeling requirements for digital content, while the transposition deadline for the Right to Repair Directive reshapes manufacturing and aftermarket obligations. ➡️ Navigating Romania’s “Structural and Energy Reform” model, where the highly anticipated Urbanism Code introduces strict but transitional mechanisms for real estate development, and...
Understanding M&A Concepts – Reps and Warranties: Worth the Hype? Author: Roxana Sandulescu In the complex world of mergers and acquisitions (M&A), whether you are an M&A consultant, corporate lawyer, business executive, founder, or investor, one of the crucial concepts you inevitably encounter is representations and warranties – often referred to as reps and warranties . In the shares sale-purchase agreements (“ SPAs ”), representations and warranties define the expected state of both the buyer and the target company at the time the contract is signed and upon closing. They serve as an assurance to the buyer that the company being acquired is in a certain state, as represented by the seller. These clauses outline the seller's guarantees and provide a mechanism for the buyer to seek remedies if those representations turn out to be false or incomplete. While reps and warranties are fundamental in M&A transactions globally, the way they are treated can vary signific...