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Category: Romanian Business

Romanian Footbal Scandals and European Directive

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Nicholas Hammond
marți, 18 martie 2014 / Published in Romanian Business, Romanian Law, Romanian Social Issues
In recent weeks in Romania, apart from the disappearance of MH370 and the problems in the Ukraine and Crimea, the media has been full of the “Football” cases.  A number of well known officials and personalities, among which Romanian football player icon Gica Popescu and club owner Giovanni Becali, were sent to jail and had
directive on confiscation of assets

Can I use my usual contract?

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Nicholas Hammond
marți, 04 martie 2014 / Published in Romanian Business, Romanian Law
There are in the main two types of foreign investors in the Romanian economy. Those who form a Romanian company and make a direct investment into Romania, and those who “invest” long distance in Romania and its market. By that I mean people who carry on business in Romania but do not have an office
business in Romaniaromanian businessRomanian companyRomanian contract lawromanian law

Waste not, Want not

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Nicholas Hammond
marți, 11 februarie 2014 / Published in Romanian Business, Romanian Law, Romanian Social Issues
This was a saying of my grandmother many years ago in England. Now Romania with the help of the EU is catching up on this idea. Waste management has been an important part of a new industry in Romania since 1989. Last week a further step in waste management was taken which will affected the

Corruption Again

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Nicholas Hammond
marți, 04 februarie 2014 / Published in Romanian Business, Romanian Social Issues
Yesterday saw the publication of the latest EU Report in which Romania received a mention. The problem of corruption is not just a Romanian problem – from the report, it appears to be endemic throughout the EU. The report highlighted the problems currently in the Romanian system and society. As a Romanian law firm, we
romanian corruption

Freedom of information

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Nicholas Hammond
luni, 27 ianuarie 2014 / Published in Intellectual Property, Romanian Business, Romanian Law
Transparency is one of the key stones of both democracy and the way that business is now being conducted in Romania and in most societies. No longer is it acceptable for a group of persons or indeed groups to get together and make decisions for the greater good, without the greater good being allowed to
Acces to Information LawLaw 554/2001

Powers of Attorney/Delegations

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Nicholas Hammond
miercuri, 22 ianuarie 2014 / Published in Romanian Business, Romanian Law
For many western clients one of the mysteries of Romanian law and Romanian legal practice is the power of attorney. Powers of attorney are known in English law and are used on many occasions but not to the same extent as in Romania. The use of a simple letter of authority is more widely used
apostillenotarized documentsnotarized translationspower of attorney in romania

Applicable Law on Employment Contracts

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Nicholas Hammond
marți, 14 ianuarie 2014 / Published in Romanian Business, Romanian Law
It is now seven years since Romania joined the European Union.  When Romania joined her laws and courts then became subject to the body of law already in place as set up by the EU and the European Court of Justice.  This moved many aspects of Romanian law out of the domestic arena into the
international employement contracts

A Legal Impact at Christmas

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Nicholas Hammond
marți, 17 decembrie 2013 / Published in Romanian Business, Romanian Law, Romanian Taxes
Christmas comes but once a year as does the New Year. These are important times for Romania and Romanians as well as for the Ministry of Finance. Each year the Ministry passes an Ordinance whereby they change certain taxes and procedures in Romanian law and which will come into force on 1st January of the
Emergency Ordinance 102romanian financeRomanian SMERomanian taxVAT reimbursement

Influence Peddling under Romanian Law

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Nicholas Hammond
marți, 10 decembrie 2013 / Published in Romanian Business, Romanian Law
One of the most frequent questions we are asked is regarding corruption and influence peddling in Romania and how this is dealt with under Romanian law. Unfortunately, Romania does figure in a number of corruption indices and in a high position. The question that is being asked is why, and how does it affect business.
business in Romaniaromanian bureaucracyRomanian companyromanian company costsromanian corruptionromanian finance

Consumer Protection

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Nicholas Hammond
luni, 02 decembrie 2013 / Published in Romanian Business, Romanian Law
When I first came to Romania there was very little to purchase in the shops.  Goods were in short supply and often of poor quality. There were very few imports. Shops would display articles and then refuse to sell them to you, as they would then have nothing else to display. This actually happened to me
company liability in Romaniaconsumer goodsconsumer protectionrisk managementromanian businessromanian company costsromanian import-exportromanian insuranceromanian lawromanian lawyer
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