Despite the current slowing down of international trade we as a law firm in Romania dealing with international trade have seen a rise in interest by foreign SME’s in entering into agency and distributorship agreements with Romanian companies. Whilst the foreign SME’s might seek to invoke the laws of their own country many Romanian companies
One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty-five (45) Euros. This is still
Over the last few months as an English speaking Romanian law Company with international connections, we have received a number of enquiries from people outside of Romania who have woken up to the fact that they have in the past made investments in Romania and Eastern Europe and they do not know what has happened
I am sorry to advise you that the Romanian law firm Hammond, Bogaru and Associates no longer exists. I am continuing in Romania in partnership with Alina Minciu an experienced financing and banking lawyer together with a team of experienced Romanian lawyers. Hammond, Minciu and Associates is a full service law firm specialising in corporate
Succession The 17th August may not have been a very important day for many people and lawyers in Romania, but it will have had an impact on them. For Romanian family lawyers and those involved with tax planning, succession with cross border aspects have often given rise to complex structures. The law of succession varies
Now to some people in Romania penalties only relate to rugby or football. But to a lawyer, they have a more significant role in contract law. We have noted in the past the confusion regarding penalties not only in the minds of investors from the United Kingdom and the United States of America but also