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
Being an employer in any jurisdiction seems to become more complicated as time goes on. I was recently reminded of this when we were advising an international client of the Firm on employment issues in Romania. The Client wished to be fully compliant with Romanian law and practice. As it plants and offices in other
With the increase of foreigners wishing to come to Romania and Europe to work, we are asked regularly as to what is the position for non-EU citizens concerning work permits and residency. The position of the employment of Non-EU employees is governed in Romania by the provisions of EU Directive 2011/98/EU and Romanian government emergency
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
During the last period, we have received enquiries concerning property transactions and property led transactions all of which arose out of property purchases prior to 2009. Many investors both foreign and local made purchases during those times which they now regret. The reasons for this regret are many but they now have to deal with
The previous post dealt with contracting with Romanian private companies, and now I want to look at the position in relation to State companies. Despite over 20 years of „capitalism” much of Romanian industry and resources are still in the hands of companies that are either Government owned or Government controlled. Unless your business can
One of the biggest complaints about Romania which we Romanian lawyers hear from clients concerns the constant changing of legislation. This is not only applicable in the field of taxation and finance but also in other areas which affect business. True to form a new law has been issued amending the Labour Code. The Romanian