Since the Romanian Companies Law (Law 31/1990) was passed in 1990 there have been amendments to it to make it more up to date rather than continue it in its original format. The original law was based on the French company law, and in 1990 there were very few advisors to the Romanian Government who [...]
The object of employment law is constituted by the legal labour relations, which appear as a result of the individual labour contract and the legal relations related to them. This field has always been the link between commercial and civil law. Employment lawyers make sure that the employees are treated in a fair and consistent [...]
Global trends and future challenges increase the importance of procurement in each company, thus becoming strategic for the success of the organization. In principle, procurement must be involved from the very beginning in the research-development-design processes in order to be able to research the market in terms of technology, costs, deadlines and quality before the [...]
According to Law no. 85/2014, insolvency is defined as that state of the debtor's patrimony which is characterized by the insufficiency of the funds available for the payment of certain, liquid and due debts. When it goes bankrupt, a company has practically two options: reorganization and insolvency. However, few companies manage to reorganize, because they [...]
Mergers and acquisitions (or M&A) are transactions of changing ownership between two companies, wherein a merger is a combining of two companies and an acquisition is one company buying another. Basically, M&A involves the process of combining two companies into one. The purpose of combining two or more businesses is to try and achieve synergy [...]
What are the shares for a company? From a legal point of view, a share represents the ownership right of its holder over a share in the company. The holder of one or more shares of a company has the right to dividends granted from its profit, has the right to participate in decision-making, through [...]
Tax law is a branch of public law. Fiscal legal reports are born in the process of collecting taxes or their administration. The administration of taxes and duties is a legal notion used by the tax procedure code, whose legal coverage is much wider, considering not only the collection, but also the tax registration, the [...]
As Romania is moving towards re-opening, Hammond Partnership hopes that you are all well and have not been ill with the virus. As the world moves to re-opening business will continue to pick up and we look forward to meeting you if you come to Romania whether for business or pleasure. During this period, an [...]
What is Commercial Law? Commercial law is a set of legal rules of private law that apply to legal relationships arising from legal acts, deeds and transactions considered by law as trade deeds, as well as legal relationships in which traders are involved. Corporate lawyers are experts in company and business law. They understand the [...]
Nowadays, non-compliance with guidelines and corporate governance rules can have a direct and material impact on the company from a legal perspective. This is especially true for listed and regulated entities, where such non-compliance can have a negative long-term impact on business success. The specialization of Mergers and Acquisitions lawyers includes aspects related to [...]
