Romania offers significant opportunities to international businesses for infrastructure projects, production, services, for technologies that meet the growing private demand and contribute to the country’s development priorities. All investors irrespective of whether they are Romanian or foreign citizens, resident or non-resident, enjoy the same rights (other than rights in relation to ownership of land) and [...]
Commercial law has been conceived as a special law applicable to certain activities and persons. Its content is formed by the patrimonial legal relationships of commercial nature (acts and deeds of trade); also, in the subsidiary, it is formed by those non-patrimonial relations that interest the commercial activity, in which the traders as subjects of [...]
Britain’s exit from Europe, has caused a lot of uncertainty about the service of judicial and extrajudicial documents in civil or commercial matters in the European Union. It is particularly of interest in matters regarding the custody of a minor child, as there are many cases where a child was born of a Romanian parent [...]
After the Romanian President declared a state of emergency, a series of special regulations have been adopted in order to help businesses survive in these circumstances. One such special regulation is the Emergency Ordinance no. 30/2020 regarding the compensation paid by the State to the employees of companies whose salaries can no longer be paid [...]
An insolvency procedure is taken when an organization or individual are no longer able to meet their financial obligations and pay their creditors when debts are due. Insolvency proceedings usually take place after less formal arrangements have failed and can be the result of bad financial management, of changing market trends, heightened expenses or reduced [...]
On 16th March 2020 the President of Romania signed the Decree no. 195/2020 establishing a State of Emergency in the territory of Romania for a period of 30 days. Considering the purpose of the Decree is the prevention of the spread of COVID-19 and the management of the consequences during the state of emergency the [...]
Until the outbreak of the COVID-19 virus many companies thought they were sufficiently well organized to deal with slight disruptions to their business either directly or through the disruption of the supply chain. COVID-19 has highlighted that there will be companies who are not as strong as thought and in these cases it is not [...]
Romania continues to be an attractive place for foreign companies to invest in, whether they be from the EU or outside. Problems often arise in the development of the investment when the question of the management of the business investment must be considered. Whilst in many cases local management can run the company, in the [...]
Interview with lawyer Nicholas Hammond Key considerations for multinationals operating in highrisk industries and jurisdictions: - Research carefully all aspects of doing business in the selected country (and town) being aware of local variations and influences; - Make enquiries using trusted local and international advisors. If possible, have verbal and written reports and meetings; - When receiving a report ask [...]
In today's global business environment, expansion strategies, partnerships and divisions within companies or firms often generate legal, tax and regulatory issues that can impact the success or failure of a transaction. What is Mergers and Acquisitions (M&A)? Mergers and acquisitions (or M&A) are transactions of changing ownership between two companies, wherein a merger is a [...]
