ACI Partners: Legal Flash No. 1

ACI Partners: Legal Flash No. 1

• 13.01.2016

Law No 218 amends, among others, the Law on internal trade and Code of administrative offences of the Republic of Moldova.

Law on internal trade was amended by adding a new provision referring to payments for supply of perishable food products. Thus, according to the Law the term of payment by the buyer to the supplier shall be agreed during contract negotiation, however such term shall not be less than 30 calendar days from the date of delivery by the supplier of the products. Failure to comply with the term of payment upon purchase of perishable food products shall be subject to a penalty provided by the Code of administrative offences of the Republic of Moldova.

Law No 223 amends, among others, the Law on petroleum products market, Criminal code and Code of administrative offences of the Republic of Moldova. Law on petroleum products market was supplemented with new provisions, including the provisions on import of diesel fuel for personal consumption. The law exempts from licencing import of diesel fuel for personal consumption performed by agricultural producers, registered as legal entities, under the authorization to import diesel as fuel for equipment, transport or agricultural machinery used directly in agricultural activity.

The law sets criminal liability for commercialization on the internal market of diesel fuel imported for personal consumption or for use in purposes other than for personal consumption, if the act is committed in proportions exceeding 500 conventional units (equivalent to MDL 10,000). If the act committed does not exceed 500 conventional units, it shall be subject to administrative offence liability as per par. (9) Article 277 of the Code of administrative offences.

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ACI Partners

ACI Partners is a dynamically growing Moldovan law firm with an expanding network of partners throughout Europe. ACI Partners was established by separation of the legal business from Ernst & Young Moldova and as such it draws from the latter|s long-acknowledged ability to offer competent advice. ACI Partners’ business strategy is to deliver a solid and reliable service, which the clients may turn to whenever they need. To reach this goal, ACI Partners employs a personalized approach to each client, showing a genuine respect for their values and unqualified commitment to their interests and needs, steadily investing in knowledge and data management and ensuring a working environment consistent with their clients’ quality demands and high expectations.