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Category: Romanian Law

Saving Your Property Investment In Romania

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Nicholas Hammond
vineri, 08 ianuarie 2016 / Published in Romanian Business, Romanian Law, Romanian Real Estate
Over the last few months as an English speaking Romanian law Company with international connections, we have received a number of enquiries from people outside of Romania who have woken up to the fact that they have in the past made investments in Romania and Eastern Europe and they do not know what has happened
company liability in RomaniaEU citizen;law firm in Romanialiquidate companyprescription periodpurchase of property in Romaniaromanian propertyshareholderTrade Registry

Closer to Europe

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Nicholas Hammond
luni, 24 august 2015 / Published in Employment, Romanian Business, Romanian Law, Romanian Taxes
Succession The 17th August may not have been a very important day for many people and lawyers in Romania, but it will have had an impact on them. For Romanian family lawyers and those involved with tax planning, succession with cross border aspects have often given rise to complex structures. The law of succession varies
EU Regulation No 650/2012European Certificate of Successionlawyers in RomaniaRomanian family lawyersstampswill in Romania

Penalties – Not The Football Kind

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Nicholas Hammond
marți, 11 august 2015 / Published in Romanian Business, Romanian Law
Now to some people in Romania penalties only relate to rugby or football.  But to a lawyer, they have a more significant role in contract law. We have noted in the past the confusion regarding penalties not only in the minds of investors from the United Kingdom and the United States of America but also
Breach of Contract RomaniaCivil Law SystemCode Law SystemCommon Lawdifference between penalties and liquidated damagesForeign investors in Romaniainternational law firm in Romaniainvestors United Kingdomliquidated damamgesPenaltiesromanain law firmRomaniaromanian lawromanian lawyersRomanian penaltiesunenforceable penalties

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

Contract Negotiating Romanian Style Part 3

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Nicholas Hammond
luni, 15 iunie 2015 / Published in News, Romanian Law
Whilst not specifically part of the initial contract negotiations the introduction of lawyers into the negotiations will add a further dynamic.  Depending on the size of the company the legal department may have been part of the original negotiating team and this can be both a hindrance and a help. The majority of larger companies
Choice of applicable Lawdual language documentEnglish language version will prevailforeign lawyers in RomaniaInternational commercelegal advisorRomanain law

Closer to European Taxation Norms

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Nicholas Hammond
marți, 05 mai 2015 / Published in Romanian Business, Romanian Law, Romanian Taxes
The Romanian Government is presently trying to change the current Financial Code and issue a new Romanian Financial Code.  The reasons for the changes appear to as much political as economic, and indeed a number of economists have criticized the Government for what they see as obvious electioneering. The reduction in certain taxes will certainly
Emergency Ordinance no. 6/2015European taxationincome from independant activities in RomaniaRomanian Financial CodeRomanian non-resident legal entitiesRomanian resident tax payers

New Merger Rules For Romania

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Nicholas Hammond
miercuri, 18 martie 2015 / Published in Intellectual Property, Romanian Business, Romanian Law
  Despite the recent scandals in the Romanian political class 2015 looks for the economy at least being a year to celebrate. Economic activity in Romania is on the increase and therefore M&A business for Romanian law firms will increase. As though anticipating this last year the Romanian Competition Council (the “Council) revised its merger control
Order 438/2014Romanian Competition Councilromanian lawyersRomanian merger controlRomanian merger rules

Romanian Credit Market

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Nicholas Hammond
marți, 10 martie 2015 / Published in Romanian Business, Romanian Law, Romanian Real Estate
One of the issues I face writing this blog is the question of what to choose this week.  Do I write based on the law firms experience of new cases in Romania the preceding week/months or do I write about new legislation proposed or otherwise.  What is interesting for some is not as riveting for others.  Such
bankruptcybranch in Romaniaconfidentiality agreementsconsumer protectioncross collateral clausesfinancial educationfinancial intermediariesindividual bankruptcy in Romanialaw firm in Romanialaw firms experiance in new cases in RomaniaRomanian National Authority for Consumer Protection

Romania – Greece – Ukraine

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Nicholas Hammond
joi, 05 februarie 2015 / Published in Romanian Business, Romanian Law, Romanian Real Estate
Why the above headline. During a recent trip to London the question of Greece and Ukraine were raised by a number of people on the basis of what was the impact of the problems in Greece and Ukraine on the Romanian economy and business environment.  It was an aspect that whilst in relation to Greece we
business in Romaniaromanian business

Residency procedure for non EU citizens in Romania

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Nicholas Hammond
luni, 12 ianuarie 2015 / Published in European Union case law, Romanian Business, Romanian Law
Romania as the most eastward of the countries in the European Union receives each year a number of applications for residency from non EU citizens.  Romania is open to granting residency subject to strict guidelines and laws. The legal framework regarding the possibility to reside in Romania for non EU citizens is established in accordance
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  • Romanian Law
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