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What happens when my debtor goes into liquidation

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. [...]

By | April 4th, 2018|Categories: Blog|0 Comments

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 affects their rights, as well as those [...]

By | March 15th, 2018|Categories: Blog|0 Comments

Another Year – Another Change

The year 2017 was one when many changes were proposed by the Government, but these changes were not always implemented. Some important changes in the field of taxation have taken place however and will take effect from 1st January 2018. I set out below some of these changes which I feel will have the [...]

By | January 9th, 2018|Categories: Blog|0 Comments

Nicholas at the Second Annual Meeting of the Globalaw Association

Nicholas Hammond on the 19th November 2017 as the representative of the Firm attended the Second Annual Meeting of the Global Law Association in Cyprus which brings together leading law firms in China and other countries.  The aim of the conference was to highlight investment opportunities both in China and other areas and to [...]

By | December 5th, 2017|Categories: Blog|0 Comments

The Insolvency procedure

What do you do when the company with whom you have been trading goes into insolvency. The first reaction is to blame someone.  The next reaction is to review your financial position in relation to the company which has gone into insolvency.  You will need to review your written contracts with them and to [...]

Hammond, Minciu assist the shareholders of APT Group Romania

In July 2017, the shareholders of the APT Group finalized their negotiations and signed the sale purchase agreement in respect of the sale by the shareholders of a majority interest in the APT Group to Works Services Group of Poland.   Hammond, Minciu & Associates are pleased to have advised the shareholders of the APT Group [...]

By | September 26th, 2017|Categories: Blog|0 Comments

Love and marriage or a contract of wager

Recently we have had to consider the possibility of a client obtaining in Romania an annulment of his marriage.  This raised a number of interesting questions as well as a consideration as to how different legal systems treat a marriage. Coming as I do from a Common Law legal system it became clear to [...]

By | August 11th, 2017|Categories: Blog|Tags: , , , |0 Comments

A Branch or a Subsidiary

One of the first questions as a firm advising potential investors who are thinking of opening a business in Romania, is what type of structure should I be looking at? Tax considerations aside there are three structures by which a foreign investor can legally have a business presence in Romania.  These are a [...]

By | July 24th, 2017|Categories: Blog|0 Comments

Land Purchase Romania

The return of part of land to the original owners and the acquisition and ownership of land in Romania still raises many issues twenty-seven years after the change in Government and political thinking. As towns and cities continue to expand factories and offices are being built on the outskirts and on land that [...]

By | June 22nd, 2017|Categories: Blog|0 Comments

Hammond, Minciu & Associates at BRCC’ event in London

Last week Nicholas S Hammond representing the Firm, attended two major business events in London, relating to Romania as well as visiting clients and contacts in London. He attended the British Romanian Chamber of Commerce “BRCC Dinner Gala” at Drapers Hall in the City of London, an event that gathered more than 100 people from different [...]

By | June 20th, 2017|Categories: Blog|Tags: , , , , |0 Comments