Competition Law - June 2023
The Law approving Government Emergency Ordinance No. 46/2022 (“GEO 46/2022”) on measures implementing Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union (“Law 146/2023” or the “Law”) was published in Official Gazette No. 495 of 7 June 2023. Previously, GEO 46/2022 established a framework for the screening by the Commission for the Examination of Foreign Direct Investments (in Romanian, “Comisia pentru Examinarea Investițiilor Străine Directe” or “CEISD”) of certain transactions targeting key sectors of the economy (such as energy, agriculture, finance and insurance, etc.) from the perspective of national security defence principles.