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Dear Valuable Readers,

We offer the Information Guide changes in legislation of the Republic of Moldova. This paper outlines the most important changes that may be helpful to entrepreneurs. Submitted document is provided solely for information and intended to be used as an informational guide presents a brief summary of the changes and additions to the existing Moldovan legislation.

Information Guide is, does not provide in this form of professional legal opinion and / or analysis. This form is not considered to be and cannot be used as legal advice. If you need attorney's assistance, legal opinion, analysis, thematic report related to your question, go directly to the law company "Brodsky Uskov Looper Reed & Partners".

Reorganization of National Courts

According to Law № 76 on reorganization of national courts, which effectively will enter into force on 01.01.2017, there were introduced the following modifications.

National Competition for Young Lawyers. Final Stage and Award of Prizes.

The final stage of the First National Competition for Young Lawyers was held on 16 April 2016. To select three winners of the competition, the organizers, the legal firm “Brodsky Uskov Looper Reed & Partners” and the European Law Students Association (ELSA) in Moldova, conducted the final stage.

Final Competition for National Young Lawyers

Legal consulting company "Brodsky Uskov Looper Reed & Partners" and European Law Students Association (ELSA) Republic of Moldova at the hotel Radisson Blu Leogrand Hotel on 16 April, 2016 is organizing the final of the National Competition for Young Lawyers.

National Competition for Young Lawyers - Second Stage

At the Academy of Economic Education of Moldova on April 2nd, 2016 passed the second stage of the National Competition for Young Lawyers.

Young Lawyer Award Initiation

National Young Lawyer Award

On the transfer of a day of vacation in the 2016

In accordance with the provisions of paragraph (5) of Article 111 of the Labor Code of the Republic of Moldova № 154-XV as of 28.03.2003 and in accordance with the Government Decision, No. 867 as of 18.12.2015 shall be considered non-working day: - 7 March.

Implementation of IBAN Registry

In accordance with the Concept of optimization of national transfers, approved by the Governing Board of the National Bank of Moldova № 138 of July 24, 2014, starting with January 1, 2016 the national transfers to the national public budget will be carried out using IBAN codes.

IBAN Implementation for Payments in MDL

Starting with January 1, 2016 the new IBAN Code is implemented for national transfers in lei.

The concept of optimization of national transfers involves the commissioning of IBAN code for national transfers starting with January 1, 2016.

Until January 1, 2017, banks and other institutions will accept payment documents containing the IBAN codes, as well as accounts that existed prior to the date of commissioning of the Concept of national transfers optimization.

Starting with January 1, 2016 all budgetary payments will be made only by using IBAN Codes. The new form of payment order in MDL from 01.01.2016 includes a section for IBAN Code.

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Attorney's and lawyer's office based in the Republic of Moldova offers legal advice services and consultancy. The company's activity covers legal aid assistance, lawyer support, international representation to local and foreign companies. It involves the juridical aspects of business activities, including investments law practices in Moldova and deals with spheres of employment law, family law, real estate law and other juridical aspects. This legal help firm incorporates a team of professional attorneys and lawyers that are ready to provide paralegal services in fields like international transactions, investment activities, intellectual property, insurance law, bankruptcy services and government related activities. It is one of the most competent law firm in the Eastern Europe and its activity through the years as a legal adviser law consultants.