Nicholas S. Hammond

/Nicholas Hammond

About Nicholas Hammond

Nicholas S. Hammond has established Hammond Partnership as a professional Romanian law company. He is a corporate and property lawyer by training. He spent 25 years in London before moving to Bucharest in 1994 to open the Bucharest office of a well-known international law firm. He advises investors both private individuals and international businesses on commercial matters in Romania with an emphasis on M&A and corporate matters. Nicholas has extensive experience in the commercial sector having acted for a number of insurance companies, aviation companies and companies in the oil and gas as well as renewable energy field. He also advises upon employment issues. Nicholas has also acted for foreign investors in the real estate field in respect of acquisitions and disposals and leasehold matters.

Redundancy Revisited

Although Romania is going through a period of economic expansion there are still occasions where for a variety of reasons including economic reasons it is necessary for an employer to make employees redundant. This situation of redundancy is covered in the Romanian Labour Code. According to the Code, an employee may be dismissed in the [...]

Residence and Work permits for Non EU Citizens

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 [...]

Consumer Protection and Gambling in Romania

From our experience as lawyers based in Romania we often point out to our clients involved in the gaming industry that the notion of "consumer protection" is no stranger in their industry. On the contrary it represents a constant concern of the European legislators and has recently become a major topic on the agenda at [...]

Airline Liable to Employers for Compensation for Delay

The European Court of Justice is having a larger influence on people’s lives than is popularly realised. As is often the case the Court has made a decision which will have an impact on consumers in Europe and perhaps world-wide and which was not picked up by the majority of the consumer press, rather only [...]

Romania and the New Insurance Directive

After much debate and discussion, the European Parliament and the Council have issued the recast Directive on Insurance Distribution. EU Directive 2016/97 (“Directive”) was issued on the 20th January 2016 and was published in the Official Journal of the European 2nd February 2016. The provisions of the Directive coming into effect 20 days after its publication. [...]

How Can Your Lawyer Help Protect You in Romania?

The use of lawyers in Romania has in the past has often been limited to using them for legal advisory and court work. Most clients should consider using their lawyers in other fields in Romania. They should be used not only for legal matters but for commercial matters which have a legal angle. When asked [...]

Recovering Your Romanian Investment

Companies have been formed in the past for many reasons in Romania. Over the past few years, the Romanian Trade Registry has endeavoured to clean up the number of Romanian dormant or non-trading companies which had been set up in the first flush of a free trade economy as shown on the register. In many [...]

Ash Is The Future of Smoking

In the 1930’s smoking was seen as the “in” thing to do. The social and economic pressure was such that no-one knew or cared about the consequences of smoking. This was also true in the 1950’s and early 1960’s. My own feeling is that it was a case of lack of knowledge other risks rather [...]

Romanian Agency Agreements

Despite the current slowing down of international trade we as a law firm in Romania dealing with international trade have seen a rise in interest by foreign SME’s in entering into agency and distributorship agreements with Romanian companies. Whilst the foreign SME’s might seek to invoke the laws of their own country many Romanian companies [...]

What Tax Will You Pay on Company Incorporation

One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty five (45) Euros. This is [...]