A person should be able to know your rights and obligations and be represented fairly in any legal case. A person has the right to receive legal assistance and representation in criminal proceedings. Legal assistance and representation are regulated by the criminal procedure rules set down by the Romanian Parliament in the Penal Code of
Romania now has had a plethora of mergers and acquisitions. The share sale-purchase agreements, although governed by Romanian law, have in many cases been based on documentation and concepts imported from other jurisdictions. For investors and advisers used to other jurisdictions especially from the UK and the US the use of common expressions, concepts and
Romania is still an interesting place for foreign investors. Whether you are a trading company or an investor. There is continuing to be considerable interest in all types of real estate property from logistic parks, retail units, production as well as residential accommodation. Buyers, especially for residential property, have not been forced out of the
Where there is a trade there are debts. This is something that always has to be borne in mind. I was recently reminded of this at a conference which I attended last week on debt collection and credit control. As foreign trade continues to expand especially in Eastern Europe, finance directors and CEO have to
In a society that puts too much price on quick solutions and on the principle of dealing only with its own resources, which often prove to be insufficient, the need for professional services is even greater. This is more pronounced in the legal field. Whether it is multinational companies or individuals from different areas of
In a society that puts too much price on quick solutions and on the principle of dealing only with its own resources, which often prove to be insufficient, the need for professional services is even greater. This is more pronounced in the legal field. Whether it is multinational companies or individuals from different areas of
Nicholas Hammond attended the Annual Meeting of IR Global in London on 14th to 16th October as representative from Romania. The meeting culminated in a festive dinner in the ballroom of the Whitehall Palace in Whitehall, which his renowned for the ceiling painted by Rubens. The meeting was attended by over 350 attendees and their
Hammond Partnership is pleased to announce the appointment of two new senior lawyers to their office in Bucharest Narcis Bogoiu is an experienced lawyer in the field of insolvency and corporate reconstruction and will be strengthened and develop the Firms expertise in this field. In addition, he is an experienced corporate lawyer and commercial lawyer.
For many years there has been an ongoing debate in Romania about the payment of dividends during the current financial year. Following a strict interpretation of the law, most companies would not pay a dividend until the closing of the year-end in question and when the actual profit had been ascertained. On 10 July 2018,
Occasionally, during the divorce proceedings, one of the parties dies before a final decree is pronounced. This can also happen after the initial Romanian divorce decree has been pronounced and one of the parties decides to appeal. If this happens then the divorce decree is cancelled pending the decision of the appeal procedure. If this