As a Romanian law Firm involved in several incorporations of companies for foreign clients, we are often asked about capital contributions in cash and kind. Under the Romanian Companies Law, contributions toward capital in cash are mandatory when incorporating a company. However, not all the capital has to be contributed in cash. The capital contributions

If you find yourself in the unfortunate situation of your flight in Europe being cancelled or delayed by more than three hours, you should consider Regulation (EC) No 261/2004. This European regulation provides passengers with rights in the event of a cancelled or delayed flight. However, in order to maximize your chances of having a

As a Romanian law firm, we have seen that the ongoing hostilities in Ukraine have impacted the business life of Romania. From the initial shock and surprise at the invasion of Ukraine to an uneasy realisation that it is a front-line country, Romania has had to look at its position in the business world again.  As

What is the tax residency? In short, tax residency determines the ability of a country to tax the income of a person or company resident in the country regardless of the country from which the person in question obtains that income. Romanian tax residency conditions According to the legal provisions of the Romanian Fiscal code,

Most people who set up companies in Romania chose to incorporate a limited liability company (“SRL”).  If you are considering setting up a company, there are certain initial matters which you need to consider.  These are the steps, legal procedures, documents required and the associated costs to set up a SRL.  This article is indicative

As Employment lawyers in Romania we are very well aware that digitisation and Covid has caused transformation of the Romanian labour market. Traditional labour relations and new strategies to increase competitiveness and flexibility at work while maintaining a high level of social protection for employees have needed to be developed. The legislative framework in Europe

Not long ago if you were Romanian, you could find yourself in some circumstances or circles where it was better to keep your nationality to yourself. Lately, and by that I mean in the last few years and perhaps more frequently and constantly in the last few months, it seems that becoming a Romanian citizen

In these turbulent times, we have been approached by clients to discuss their business problems. As a Romanian law firm, we have developed an expertise in this area, enabling us to clarify for clients the major issues and the areas where they can improve the chances of their businesses surviving in Romania. When a company

Back in 1990, Austria was seen as the furthest East that Western business and law firms could realistically work without too much trouble and with openness.  Austrian lawyers, therefore, saw themselves as the frontier of Western legal business and practises. Thirty years on the boundary has now moved. The recent political events upon I which I

Foreign investors in the real estate field in Romania contemplating construction or refurbishment often request legal advice in respect of their obligation to appoint a consultant or a project manager within the process of constructing a new building or refurbishing an existing structure.  They further request clarification regarding the differences between the definitions of project