The exception for the non-performance of contracts is a legal institution that has a wide practical application but which, in the absence of express provisions in the Romanian Civil Code from 1865, could not be considered as a whole, giving rise, over time, to many theoretical controversies. The...

The emergence of global financial and economic crisis in 2007 and its effects on the real economies of the member states, since 2009, have led to a series of reforms and new developments in all EU common policies, which aimed to provide tools and solutions to boost economic growth and financial...

The emergence of global financial and economic crisis in 2007 and its effects on the real economies of the member states, since 2009, have led to a series of reforms and new developments in all EU common policies, which aimed to provide tools and solutions to boost economic growth and financial...

Some countries with large reserves intend to promote shale gas production, in order to reduce their dependency on imported gas. Shale gas will be an important new aspect in the world energy scene, with many effects. European Union wants secure and affordable sources of energy. Natural gas is the...

Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding...

This essay advocates for inheritance taxation and defends it from recent criticism. The first part of the argument shows the need and importance of distinguishing moral and political justifications from the regulation of an institution. Then, in exploratory terms, arguments to justify...

The need for a national legal framework in full compliance with the European one imposed a reassessment of the provisions related to the legal regime applicable to the economic activities performed by sole proprietors. The main purpose of the latest legislative changes in this area was the...

From a legal perspective, a contract has the binding force of law between the parties, so that problems arise when the obligor fails to fulfill its obligations, breaking the principle "pacta sunt servanda" and creating an imbalance between the contracting parties, in relation to the other...

Financial relations are defined as a set of social relationships, having economic features, arising from the realization and distribution of monetary resources necessary for carrying out the tasks of the state. There is a close relationship between the development of financial relationships and...