The political world seems to be full of civil wars and fighting at the moment. The commercial world is not far behind and in Romania that is also the case, whether we like it or not. Romania is not very different. Inside companies often shareholders fall out and civil war is there. Then Romanian lawyers
After several attempts including an appeal to the Constitutional Court of Romania the legislators have now adopted a new law regarding insolvency and bankruptcy. The new law is Law no. 85/2014 and was issued in June 2014 coming into force on 28th June 2014. As this had brought about a fundamental review of the Romanian
Romania has like all countries become used to implementing EU legislation. One of the main areas in which the ordinary citizen comes into contact with the European Union is in the area of consumer protection. This can be at an individual level or at a business level. As practicing lawyers in Romania we are always surprised at
Romania’s taxation system is not noted for its clarity and it does no harm to remind investors of the current position under Romanian law. So this week I thought as prudent Lawyers in Romania we would revisit some tax aspects. Starting with 2007 the Romanian tax system changed in respect of real estate transactions. The legislators sought to impose a
Romania has not been immune from the beginning of the World Financial Crisis from the fall-out of the world financial problems. Many companies have failed and have entered into a form of reconstruction or have gone straight to closure and liquidation. There are though a number of companies in the twilight world of suspension. Under Law 31/1990
One of the things that membership of the European Union entails is dealing with Value Added Tax (VAT). We, like all lawyers in Romania, are often asked about VAT and its impact and implications on business. One must always remember that VAT is a European Union community tax and is not therefore well known outside
Is there now to be more privacy for individuals on the web? There has been much deliberation concerning date protection after the recent European Union Court of Justice decision, which ruled that in certain conditions EU citizens may require that links to web sites of third parties which contain personal data relating to the individuals
One of the more common areas of Romanian law which a Romanian law firm is asked about is in relation to Romanian employment matters, and particularly concerning the temporary suspension of Romanian employment contracts. Perhaps the most common question of all relates to pregnant women and their position in the Romanian company both before the birth