Romanian companies expect more insolvency proceedings related to data and consumer protection

By Mihai-Alexandru Cristea

Additionally, about a quarter of respondents indicated class actions and mass litigation areas of concern, which places this category in fourth place among the leading risk topics in the eyes of Romanian companies.

Bartosz Ciolkowski has been appointed Mastercard’s General Manager for Southeast Europe. He will be responsible for implementing strategy across Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Israel, Kosovo, Montenegro, North Macedonia, Romania, and Serbia. Ciolkowski joined Mastercard in 2005 and previously held the role of General Manager for Poland. He has also managed Mastercard’s business on the Czech and Slovak markets.

Data and consumer protection are the regulatory areas that have the greatest potential to increase litigation activity over the next three years, according to 64 percent and respectively

59 percent of the Romanian companies participating in the Deloitte Legal study titled “New Roads to Dispute Resolution,” conducted at a global level with the support of business magazine Euromoney. In both cases, the percentages are much higher than those recorded globally: 48 percent and 40 percent respectively.

The study highlights the fact that there are areas where, although the risk of litigation is moderate at the moment, there is a significant potential for growth in the next three years. These include disputes related to insolvency proceedings (the difference between those who expect growth in this area and those who estimate a decline is 47 percentage points), cybersecurity (+32 percent) or tax (+27 percent).

Most participants expect an increase in litigation activity in corporate income tax (49 percent), commercial litigation related to the allocation of tax burdens between private parties (49 percent), as well as in the area of personal income tax (41 percent). The use of digital solutions in activities related to litigation is considered beneficial by most companies in Romania, with 78 percent of them already investing in the digitalization of this area and 68 percent claiming that artificial intelligence and process automation systems help to significantly reduce time and costs dealing with litigation cases.

Stericycle opens new medical waste sterilisation facility in Romania

Stericycle, one of the main operators within the medical waste sector, has opened a new sterilisation treatment facility in Oradea. This new facility will provide Stericycle with the ability to increase its potential processing capacity by 800 tonnes of medical waste annu- ally. “Our new site in Oradea’s industrial park is an important investment in the healthcare sector and one of the most modern medical waste processing sites we operate in Romania. It uses the latest technologies and provides crucial support for the region’s growing healthcare

Iulia Nartea, general manager Stericycle Romania