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
Much has been written about the impact of Brexit on the United Kingdom economy but very little has been written about its direct impact on United Kingdom companies and business in the European Union. As an international law firm in Romania dealing with foreign investment into Romania, we are seeing a rise in queries from
Everyone appreciates items made from precious metals and stones – diamonds and rubies. In Romania, the business of operations with precious metals and stones can be carried out by anybody authorized by the National Authority for Consumer Protection as provided by GEO no. 190/2000 which refers to the regime of dealing with precious metals and
Showing an accelerated evolution, e-commerce in Romania is one of the fastest-growing economic sectors. Companies are investing more in digitalization and in developing the employee`s digital skills and more entrepreneurs are starting their own online businesses. In order to provide a higher level of conformity within the e-commerce area, the European Parliament and the Council