The document discusses several topics related to Romania's civil code changes from 5 months prior: 1) The increasing importance of pre-contractual negotiations and awareness of legal risks and obligations of good faith during negotiations. 2) Issues of confidentiality, standard contract clauses, and limitations of liability as addressed in the new civil code. 3) A new "hammerfall" building tax for incomplete construction projects beyond the building permit deadline. 4) The new concept of "hardship" exception for extraordinary changed circumstances after a contract is signed. 5) Areas where parties can alter the civil code through contractual agreement such as prescription periods.

1. 02/29/12 5 MONTHS SINCE THE CIVIL CODE WHERE ARE WE? WHERE ARE WE GOING TO?

4. 02/29/12 Hammerfall. Building tax for non-completed buildings - Buildings for which construction works have not been finalized during the term provided in the building permit and for which the extension of the building permit was not requested are considered “finalized” on the date of expiry of the building permit term and only for the folded built area having basic structural elements (walls and roof).