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Fondul Proprietatea: Draft Emergency Ordinance on Sovereign Fund leaves state enterprises at the discretion of political interference and abuse

Fondul Proprietatea has published a statement saying it is “highly concerned” by the draft Government Emergency Ordinance (“GEO”) setting up the general framework applicable to the Sovereign Fund for Development and Investments (“FSDI”), published by the Ministry of Public Finance on 29 September 2018, http://business-review.eu informs. According to FP, “The draft disregards corporate ...

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