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Category: News

Airline Liable to Employers for Compensation for Delay

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Nicholas Hammond
vineri, 18 martie 2016 / Published in Employment, European Union case law, News, Romanian Business
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
Air BalticArticle 19 Montral ConventionArticle 22 Montreal ConventionEmployer claim for damagesEuropean Court of Justicelimit of airline passenger compensation for delayMontreal ConventionVienna Convention

Ash Is The Future of Smoking

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Nicholas Hammond
marți, 16 februarie 2016 / Published in News, Romanian Business, Romanian Law, Romanian Social Issues, Romanian Taxes
  In the 1930’s smoking was seen as the “in” thing to do. The social and economic pressure was such that no-one knew or cared about the consequences of smoking. This was also true in the 1950’s and early 1960’s. My own feeling is that it was a case of lack of knowledge of other
fines for smokinghealth services of RomaniaRomanian Gambling IndustryRomanian integration into EU and EuropeRomanian law no. 349Romanian State BudgetTAROM

What Tax Will You Pay on Company Incorporation

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Nicholas Hammond
luni, 01 februarie 2016 / Published in News, Romanian Business, Romanian Law, Romanian Taxes
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
Art 48.5 Romanian Fiscal Codebusiness in Romaniacompany liability in Romaniaissues on incorporation of Romanian companylarge capital investmentlimited liability companyNational Bank of RomaniaRomanian Fiscal Coderomanian taxationthin capilisation rules for Romania

Why a Mandate Contract

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Nicholas Hammond
joi, 21 ianuarie 2016 / Published in Employment, News, Romanian Business, Romanian Law, Romanian Social Issues
Since 1989 Romania has passed from the command economy of socialism to commerce based on the free market and capitalism. Romanian commercial development really started with the passing of the Romanian Law Company (Law 30/1990) which enabled the formation of limited liability companies as well as joint-stock companies. This was a first step in the
AdministratorsCommand Economy. Romanian financial AuthoritiesDirectorsexpansion of business in Romaniageneral meetingLaw 30/1990law firm in Romaniamandate agreementMandate contractpowers and authoritiesromanian bureaucracyromanian law

Twenty Six Years Ago.

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Nicholas Hammond
marți, 12 ianuarie 2016 / Published in News, Romanian Business, Romanian Law, Romanian Social Issues
It has been drawn to my attention that 26 years ago on the 12th January 1990, it was the first time I came to Romania. I came with a party of ten, including another partner from my law firm in London. He had never been to Romania either. The TAROM plane had left London Heathrow
first impressions of BucharestJanuary 1990Romania first impressionsTAROM

New Name

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Nicholas Hammond
miercuri, 06 ianuarie 2016 / Published in News
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

Do not let your heart rule your head

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Nicholas Hammond
vineri, 04 septembrie 2015 / Published in News, Romanian Business, Romanian Social Issues
One of the greatest difficulties we have as an international law firm operating in Romania is to explain the clients and potential clients the differences in the Romanian legal system and the system which they may be used to. They seem to think that the law should be the same as in their home country and do

Romanian Business Angels to Appear

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Nicholas Hammond
miercuri, 22 iulie 2015 / Published in Intellectual Property, News, Romanian Law
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
bankingBusiness Angelscrowd fundingEU regulationsinsuranceinvestment start upslaw firm in Romaniamicro-enterprisesRomanaion limited liability companyromanian businessRomanian fiscal facilitiesRomanian law firmRomanian legal systemRomanian taxshippingsmall sized enterprisesSME's

Have You forgotten About Your Romanian Investment?

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Nicholas Hammond
marți, 14 iulie 2015 / Published in News
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
EU citizen;internationa law firm in Romanialaw firm in RomaniaRomanian Civil Code;Romanian companyromanian company costsromanian lawRomanian law firmromanian lawyers

Contract Negotiating Conclusion

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Nicholas Hammond
luni, 22 iunie 2015 / Published in News
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
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