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Category: Romanian Law

The Romanian Way of Negotiating

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Nicholas Hammond
miercuri, 06 august 2014 / Published in News, Romanian Business, Romanian Law
One of the questions we are often asked about is how to do business in Romania. Not necessarily on a legal or fiscal point but at a more practical level. Romania and the Romanian legal system is different from the Common Law, and it is based on the European Code law System. Even though based

Internecine Warfare

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Nicholas Hammond
luni, 28 iulie 2014 / Published in Romanian Business, Romanian Law
The political world seems to be full of civil wars and fighting at the moment. The commercial world is not far behind and in Romania that is also the case, whether we like it or not.  Romania is not very different. Inside companies often shareholders fall out and civil war is there. Then Romanian lawyers

Tax Designated Inactive Companies and Entities

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Nicholas Hammond
marți, 22 iulie 2014 / Published in Romanian Business, Romanian Law, Romanian Taxes
Last week I was traveling so I was unable to complete my blog. I apologize to those who missed it. Holidays and conferences get in the way, but at least it should allow some time for reflection. Indeed one of the pleasures of summer is that politicians go on holiday and there should be a

The New law regarding Bankruptcy in Romania

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Nicholas Hammond
luni, 07 iulie 2014 / Published in Romanian Business, Romanian Law
After several attempts including an appeal to the Constitutional Court of Romania the legislators have now adopted a new law regarding insolvency and bankruptcy.  The new law is Law no. 85/2014 and was issued in June 2014 coming into force on 28th June 2014. As this had brought about a fundamental review of the Romanian

European Union and The Consumer

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Nicholas Hammond
luni, 30 iunie 2014 / Published in Romanian Law
Romania has like all countries become used to implementing EU legislation. One of the main areas in which the ordinary citizen comes into contact with the European Union is in the area of consumer protection. This can be at an individual level or at a business level. As practicing lawyers in Romania we are always surprised at

The Twilight Zone

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Nicholas Hammond
luni, 16 iunie 2014 / Published in Romanian Business, Romanian Law, Romanian Taxes
Romania has not been immune from the beginning of the World Financial Crisis from the fall-out of the world financial problems. Many companies have failed and have entered into a form of reconstruction or have gone straight to closure and liquidation. There are though a number of companies in the twilight world of suspension. Under Law 31/1990

Privacy on the Web

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Nicholas Hammond
luni, 02 iunie 2014 / Published in European Union case law, Romanian Business, Romanian Law
Is there now to be more privacy for individuals on the web? There has been much deliberation concerning date protection after the recent European Union Court of Justice decision, which ruled that in certain conditions EU citizens may require that links to web sites of third parties which contain personal data relating to the individuals

A Pregnant Pause

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Nicholas Hammond
marți, 27 mai 2014 / Published in Employment, Romanian Law
One of the more common areas of Romanian law which a Romanian law firm is asked about is in relation to Romanian employment matters, and particularly concerning the temporary suspension of Romanian employment contracts. Perhaps the most common question of all relates to pregnant women and their position in the Romanian company both before the birth

Legal Audit

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Nicholas Hammond
luni, 19 mai 2014 / Published in Romanian Business, Romanian Law, Romanian Real Estate
Romania is a country which is still trying to find a clear way forward both for business and for the community at large. It is for this reason each year it passes many new laws or more importantly amends existing laws, as well as adopting EU laws and EU regulations and EU directives. The constant

Contracts with Extraterritorial Elements – Part 3

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Nicholas Hammond
marți, 13 mai 2014 / Published in Romanian Business, Romanian Law
This blog today is the third and last part of the series concerning EU law, its interaction with Romanian law and its application by lawyers in Romania. Specific contracts This week’s blog continues the theme of the previous weeks and relates to specific contracts and the special rules that apply to them from the Romanian
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