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September 1, 2010 -
Trandafir Named NYSBA Chapter Chair for Romania |
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Congratulations to Corin
Trandafir, Esq., on becoming the Chapter Chair of the International
Section of the New York State Bar Association's Romanian Chapter. |
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July 12, 2010 - President
Signs Law to Permit Speedy Listing of Fondul Proprietatea |
 On
July 9, 2010, the President of Romania promulgated the Law approving Government
Emergency Ordinance no. 81/2007 for the acceleration of the procedures for the
award of compensation to the victims of abusive property confiscations by the
Romanian communist regime (“GEO 81”).
As described in the May 2010 issue of The Romanian Digest, the amendments to GEO
81 approved by this law are required for the speedy listing of Fondul
Proprietatea with the Bucharest Stock Exchange. For further details, please
visit our Digest Archive at
http://www.hr.ro/digest/201005/digest.htm.
It took three years since the adoption of GEO 81 and nine years since Law
10/2001 was enacted to get us to this point, but the listing of the Property
Fund with the Bucharest Stock Exchange finally appears at hand -- along with a
measure of real justice for the people whose properties were stolen by the
communist regime. |
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July 1, 2010 - Cash
Payment Restitution Option Suspended |
On July 1, 2010, the Romanian Government enacted Emergency Ordinance No.
62/2010 (“GEO 62”) which, among other things, suspends the implementation of
certain provisions of Law 247/2005 for a period of two years, i.e. until
July the 1st, 2012. Consequently, persons who receive restitution titles
will no longer have the option to choose between a limited cash payment or
the conversion of all of their restitution titles into shares in the
Property Fund. The issuance of such payment titles (which leads to the
receipt of the money) is consequently suspended for two years pursuant to
GEO 62. Persons who already opted for cash, but their payment titles have
not yet been issued, can still choose to receive shares in the Property Fund
or, if not, they will receive the cash option only after the expiration of
this two-year period. This action was taken as an austerity measure by the
Government during the current financial crisis.
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June 24, 2010 |
SMUKLER-Victor E., Herzfeld & Rubin, P.C.
mourns the loss of our brilliant, caring colleague and friend, Victor
Smukler, who passed away suddenly on June 10th. His wide
interests in science, music and computers gave strength to his abundant
skills as an advocate, particularly in the area of real estate and
intellectual property. We extend our condolences to all his loved ones,
particularly to his wife Barbara and his entire family. We shall miss him.
Herbert Rubin, President, for the firm |
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May 2, 2010 |
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Mark
Meyer will address 450 attendees at Congressional Youth Leadership
Council on 8/9/10 at Manhattan College on Mastering the Challenges of
International Business. |
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February 22, 2010 - New
York's Great Lawyers |
 Herbert
Rubin, Esq., was featured in an article in the Sunday
edition of the New York Times on February 21, 2010 as one of New
York's great lawyers:
http://www.nytimes.com/2010/02/21/nyregion/21lawyers.html |
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