The European Court of Justice is having a larger influence on people’s lives than is popularly realised. As is often the case the Court has made a decision which will have an impact on consumers in Europe and perhaps world-wide and which was not picked up by the majority of the consumer press, rather only
One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty-five (45) Euros. This is still
I am sorry to advise you that the Romanian law firm Hammond, Bogaru and Associates no longer exists. I am continuing in Romania in partnership with Alina Minciu an experienced financing and banking lawyer together with a team of experienced Romanian lawyers. Hammond, Minciu and Associates is a full service law firm specialising in corporate
The Business Angel law has now been introduced into the Romanian legal system. Whether it will stimulate investment in new ventures is a question which still has to be answered. It is a step taken by the Government to try and bring new investment into the market. Law no. 120/2015 regarding fiscal facilities granted to
During the last period, we have received enquiries concerning property transactions and property led transactions all of which arose out of property purchases prior to 2009. Many investors both foreign and local made purchases during those times which they now regret. The reasons for this regret are many but they now have to deal with
As will have been seen from the previous articles the involvement of the lawyers can cause further delays in negotiating and closing the transaction. In many companies, they do not employ lawyers. They have a person who is defined as a legal advisor. The legal advisor will have a law degree but is not usually