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
Companies have been formed in Romania for many reasons. The Trade Registry has endeavoured to clean up the number of dormant or non-trading companies which had been set up in the first flush of a free market economy. In many cases the owners have let these companies die as they had no interest in them
The use of lawyers in Romania has in the past been limited to using them for legal advisory and court work. Clients should consider using their lawyers in other fields in Romania. This is particularly in a Romanian M&A or a Romanian commercial transaction or one dealing with a Romanian partner. Your Romanian lawyer should
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
The European digitalisation strategy and fiscal policies and the use of electronic invoicing in the entire economic activity as a strategic element for economic transactions has required the adoption of the GEO no. 120 from 4th October 2021 on the administration, operation and implementation of the national system on electronic invoicing RO e-Invoice and electronic invoicing
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
For some time in Western Europe, it has been necessary for employers to guard against a potential lawsuit from an employee regarding workplace discrimination or sexual harassment. The last few years have seen considerable development of such cases in the employment tribunals and employment lawyers have been kept busy in this regard. Workplace Discrimination and
Hammond Partnership now representing Romania as part of the Centuro Global Network.As announced by Centuro Global, Hammond Partnership has been appointed as a key Global Partner for Romania. Centuro Global is an international organisation aiming to ease the global expansion process for all businesses, with the ultimate goal of democratising access to local expertise in
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
