Having large oil and natural gas reserves, Romania is one of the least fossil fuel energy dependent member of the European Union and the only significant producer of hydrocarbons in South Eastern Europe. In 2015, according to BP estimates, Romania had proven oil reserves of 100 million tons, while the natural gas reserves amounted to
The registration of a trademark in Romania involves several steps and procedures which must be closely observed. The Trade Mark registration can be carried out by a lawyer or similar person or by the owner of the trade mark themselves. We are often asked as a Romanian law Firm for advice on Trade Mark Registration
Over the past years as air travel has increased so have the rights of consumers in respect of air travel. This has caused there to be a number of codes of conduct applicable to airlines as well as statutory provisions under EU law. The trouble and inconvenience caused by a passenger being denied boarding, the
As Romanian lawyers advising foreign investors we are often asked about what funds are available to Foreign investors considering investing in Romania. It is therefore important to review from time to time Romania’s position in respect of European Union Funding. This note is to cover EU funding only and does not cover any funds that
The European Union is currently reviewing the position of the current Gambling legislation in the Union. Having issued a “Green Paper” in 2012 this is still currently being discussed by the various interested bodies both at a national and local level. Currently there is no unified legislation in the European Union and consequently, there is
Hammond, Minciu & Associates is pleased to advise you that Irina Zamfir has joined the Firm to lead the Oil and Gas advisory practice. Irina is a senior Romanian lawyer with extensive commercial experience. She has worked both in the State and private sector. She acted as advisor to the President of the Romanian National
What a tumultuous few weeks it has been in Bucharest and throughout the country. The PSD (Social Democrat Party) won the majority of votes in the Election in December 2016. There were little or no allegations of voting irregularities. The only issue was that the leader of the PSD then acted as though he was
This article is intended to clarify some of the questions which arise regarding the role powers and authority of an administrator in a Romanian company. The powers of the administrator in a Romanian limited liability company are not that extensive in comparison to the powers of administrators of other companies in Europe or other parts
Romania being Romania has a different approach to directors of companies and their relationship with such companies. It is very easy for someone not from Romania to use the word director. The word director has a different meaning in Romanian commercial parlance. A director is more akin to a manager. They do not have “director’s