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- Ioana Chiper Zah
- News
Financial statements give rise to legal obligations
When the approved annual financial statements indicate that a company’s net assets have fallen below half of its subscribed share capital, this is no longer merely a financial issue. This accounting finding triggers corporate obligations and restricts certain decisions that would normally fall within the remit of the directors and shareholders.
- Gabriela Bunescu
- News
High Court of Cassation and Justice Decision No. 40/2026 provides important clarifications regarding financial compensation for unused annual leave upon termination of the employment relationship. Beyond the issue of the limitation period, the ruling highlights a question with significant practical implications for employers: was the employee actually given the opportunity to exercise their right to annual leave?
- Ioana Chiper Zah
- News
Article 4 of the AI Act does not require every employee to become an AI expert. It requires companies to take reasonable measures so that people using AI on their behalf understand the technology they work with, its limitations and the risks relevant to their role.
- Ioana Chiper Zah
- News
Basic AI literacy will no longer be a compliance requirement in the future. Article 4 of the AI Act takes effect on February 2, 2025, simplified by an amendment under Article 4 of the Omnibus Regulation in July 2026, which means that providers and operators of AI systems should have already taken steps to promote basic AI literacy among their employees and others who operate or use AI systems on their behalf.
- Ioana Chiper Zah
- News
The right to erasure, also known as the 'right to be forgotten', is one of the most important rights granted to data subjects under the General Data Protection Regulation (GDPR). In essence, it allows an individual to request the deletion of their personal data where, for example, the data are no longer necessary for the purpose for which they were collected, consent has been withdrawn, or the processing was unlawful. In these situations, the controller is under an obligation to erase the data without undue delay.