We are pleased that Hammond Partnership assisted the shareholders of Eminus Software SRL in entering into a definitive Agreement with Fortech, a Global Logic Company, to acquire the business of Eminus Software, a Romania-based software solutions provider specializing in cloud migration and digital transformation. The lawyers from Hammond Partnership consisted of Nicholas Hammond – Partner,

Romania is very much in the thinking of Foreign investors looking for a base in Central and Eastern Europe. The quality of its people as employees and as entrepreneurs is well known. However, aside there are other considerations to be taken into account when looking at setting up a business in Romania. One of the

One of the issues that as Romanian lawyers are often asked is, “Are there any readymade companies for sale in Romania and which can be bought”. In the past few months, we have noted an increase in this type of request in relation to new companies and existing companies. When the request is analysed, it

For many years the question of priorities of mortgages over moveable property and other financial instruments caused issues in Romania. A step to resolve this issue was the passing of and implementation of Law 297.  According to Article 1 para. 1 point d) of Law no. 297/2018, the National Register of Mortgage Registration is a

While Romania has been a country that has been constantly inviting and attracting new business, being a non-European citizen or company that aims to open a business can come with its own set of headaches. These are in part to changes in the Global situation and further requirements of the European Union. Certain challenges may

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