We currently are dealing in Romania with a number of employment issues. As Romanian Employment law specialists we are acutely aware that whist Romania is currently going through a period of economic expansion there are still reasons where it is necessary for an employer to make employees redundant. The method and steps required are covered
The Romanian economy changed in 1989 and this brought about a profound effect on the way that people lived their lives and business was done in Romania. Many foreign investors forget that only since 1989 has Romania had a free market economy. This has been a blessing and a curse. One of the major impacts
The majority of investors and companies who wish to incorporate a company in Romania chose to set up a limited liability company (SRL). As a Romanian law firm we are often asked to advise on the type of company to be incorporated and in many cases we would agree with the client’s initial instructions to
Companies have been formed in Romania for many reasons. The Trade Registry has endeavoured to clean up the number of dormant or non-trading companies which had been set up in the first flush of a free market economy. In many cases the owners have let these companies die as they had no interest in them
The use of lawyers in Romania has in the past been limited to using them for legal advisory and court work. Clients should consider using their lawyers in other fields in Romania. This is particularly in a Romanian M&A or a Romanian commercial transaction or one dealing with a Romanian partner. Your Romanian lawyer should
The current economic climate in Romania is such that at the end of 2020 many Romanian companies may find that their capital has been substantially reduced because of falling income and reduced activity in Romania because of COVID-19. Probably the first time that the shareholders will become aware of this position will be when the
What do you do when the company with whom you have been trading goes into insolvency The first reaction is to blame someone. The next reaction is to review your financial position in relation to the company which has gone into insolvency. You will need to review your written contracts with them and to see
In April 2016, the European Union adopted the EU Regulation 2016/679 (General Data Protection Regulation-GDPR) on the protection of natural persons with regard to the Processing of Personal Data and on the free movement of such data, and the subsequent repeal of Directive 95/46/EC The GDPR is to apply starting on 25th May 2018, giving
As part of Romania’s continued movement towards a fully integrated European Union country there has been a steady movement towards increasing consumer protection. Suppliers of goods and services have become aware of the duties they owe their customers whether they be private individuals or a commercial buyer. The legislation covering the liability of suppliers is
