Romania is currently rated as one of the best countries in Europe for buying a wind farm, especially since it has one of the highest rates of wind energy generation in Europe. The country has abundant sun and wind resources and a history of renewable energy development with wind farms leading the way. Furthermore, the
As in all emerging markets the financing of infrastructure projects requires a good understanding of both the legal and the financial solutions associated with them. This is why the Romanian authorities needed and continue to understand the process adopted by domestic and international investors. As part of this process the Romanian authorities have passed the
When advising on employment issues in Romania we are often presented with a situation where a non – resident foreign company want to employ a person in Romania. One of the first questions that is raised is the question of taxation. The Romanian Fiscal legislation provides that when an employment agreement is concluded between a
The majority of investors and companies who wish to incorporate a company in Romania chose to set up a limited liability company (SRL). As a Romanian law firm we are often asked to advise on the type of company to be incorporated and in many cases we would agree with the client’s initial instructions to
KYC or Know Your Client is the mantra repeated by many institutions these days, whether is it from banks, or financial authorities the mantra KYC is repeated. Following the trend of explaining some of the difficulties of Romanian corporate and commercial law I thought that I would examine how KYC has impacted on Romanian business
The advent of the computer saw a major shift in dealing with legal matters by law firms and their clients. The trend brought about COVID of on-line working has accelerated even further legal thinking on home working. Many consultants to the legal profession have argued for years that the current approach to the practice of law is
Romania is implementing a digitalisation strategy using electronic invoicing for the entire economic activity by adopting GEO no. 120 from 4th October 2021. The ordinance regulates electronic invoicing in the public procurement domain and Romanian companies. The ordinance describes how the National System on electronic invoicing will be used and requires both the seller and the
Many clients ask us as their Romanian lawyers how they can recover the money and enforce a Romanian judgement that they have obtained against a Romanian debtor. A judgement is all well and good, but not if you cannot recover the money due to you. Fortunately, the Romanian Civil Procedure Code includes provisions for Foreclosure
Much has been written about the impact of Brexit on the United Kingdom economy but very little has been written about its direct impact on United Kingdom companies and business in the European Union. As an international law firm in Romania dealing with foreign investment into Romania, we are seeing a rise in queries from