Hammond Partnership is pleased to announce the appointment of two new senior lawyers to their office in Bucharest Narcis Bogoiu is an experienced lawyer in the field of insolvency and corporate reconstruction and will be strengthen and develop the Firms expertise in this Field. In addition, he is an experienced corporate lawyer and commercial lawyer. [...]
For many years there has been an ongoing debate in Romania about the payment of dividends during the current financial year. Following a strict interpretation of the law most companies would not pay a dividend until the closing of the year-end in question and when the actual profit had been ascertained. On 10 July 2018, [...]
Occasionally, during the divorce proceedings, one of the parties dies before a final decree is pronounced. This can also happen after the initial Romanian divorce decree has been pronounced and one of the parties decides to appeal. If this happens then the divorce decree is cancelled pending the decision of the appeal procedure. If this [...]
Many people are now beginning to think in detail about the impact of Brexit. For most people in Romania, it is a still a theoretical adventure that will happen next year. However, some thought should now be given as to how it will impact on UK investments in Romania and the people who now live [...]
Managing partner of Hammond Partnership, Nicholas Hammond spoke at the Conference “Exact Time in Gambling – Serbia” where he comments upon recent developments at the European level on gaming and Gambling Law and recent developments following the entering into force of the General Data Protection Regulation and future developments. The Conference was well attended by [...]
Since 1990, questions regarding inheritance by non-Romanian citizens are becoming more common. As an international law firm in Romania, we are receiving queries regarding the rules of succession from law firms outside Romania who are seeking to understand Romanian succession Law and procedure. Romanian inheritance law extends into other jurisdictions in ways that are not [...]
Several questions immediately come to mind when your client cannot pay. One question in regard to Romanian debtors is what happens with the debtor's ongoing contracts when the insolvency starts? One of the main principles governing Romanian insolvency proceedings is that steps should be taken to re-organise the debtor affairs before the step of bankruptcy. [...]
Restriction on Underage Visiting Rights in Romania Many parents now raise their children alone, within a single-parent family. This is very often caused by a divorce following which the child will live with only one parent. The establishment of a restrictive visiting schedule for the parent that does not have physical custody of the child [...]
