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
Inheritance and succession issues in relation to UK citizens with assets in Romania are one of the areas about which we are being asked more and more to advise on. As a Romanian law firm whilst we deal and advise on succession in relation to all countries in respect of Romanian issues, I wish to look
KYC or know your client seems to be a mantra repeated by many institutions these days, whether is it from banks of financial authorities the mantra KYC is repeated. Following the trend of trying to explain some of the difficulties of Romanian corporate and commercial law, I thought that I would examine how KYC has
The court system in Romania is still too many a confusing impenetrable system. In the past, the rules and regulations seem to have a mind of their own which only the judges and a few practitioners seem to fully understand. Fortunately, with a more up to date approach and exposure of the legal system to
With the increase of foreigners wishing to come to Romania and Europe to work, we are asked regularly as to what is the position for non-EU citizens concerning work permits and residency. The position of the employment of Non-EU employees is governed in Romania by the provisions of EU Directive 2011/98/EU and Romanian government emergency