Bucharest, April 23, 2018 – A new program in Romania will help the country improve its investment climate by building judicial capacity in commercial cases and increasing the uniformity of judicial practice.
“Romanian courts need to be able to tackle economic crime and commercial disputes in an effective and reliable manner to attract sustainable and healthy investment,” said the International Development Law Organization (IDLO), noting the purpose of its new program in the country.
Implemented by IDLO in partnership with the European Bank for Reconstruction and Development (EBRD), the program was launched at an event hosted by IDLO, EBRD and the Romanian National Institute of Magistracy in Bucharest on Monday, April 23, 2018.
Romania joined the European Union (EU) in 2007, after which wide-reaching reforms were implemented to overhaul the country’s civil, criminal and commercial legal codes. While the judicial sector has seen positive development, investors have remained concerned over the lack of predictability of judicial decisions, including contradictory judgements and inconsistency in the administration of justice.
IDLO started working in Romania in the 1990s, providing training and technical assistance to strengthen legal capacity on intellectual property, commercial law and anti-corruption, with a view to strengthening the rule of law in the country and paving its way for EU accession.
Training activities will seek to build judges’ knowledge of commercial mediation as an alternative to in-court dispute resolution and will aim to combat economic and financial crime by enhancing judicial understanding of national and international legislation on money laundering and asset recovery.
IDLO’s new activities in Romania come at a time when the organization is celebrating 30 years since its establishment as an intergovernmental organization dedicated to promoting the rule of law. Romania has been a Member Party of IDLO since 2005.
For more information or to arrange a media interview, please contact Ljubomir Petruljeskov at email@example.com.
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Photo credit: COD_Gabriel, Flickr, July 2008