Romanian Law

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Interim Dividends

Interim Dividends 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 [...]

By | August 16th, 2018|Categories: Blog, Romanian Law|0 Comments

Death of One Party During Divorce Proceedings

Death of one party during Divorce Proceedings 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 [...]

By | July 4th, 2018|Categories: Divorce, Romanian Law|0 Comments

Receipt of Romanian Court Proceedings

Receipt of Romanian Court Proceedings Tempus Fugit. This maxim time flies is one which all lawyers especially Romanian lawyers are well aware of. We were recently concerned with this in relation to a Foreign client and it made us realize the difference in approaches by Civil law lawyers and Common law lawyers. Civil law is [...]

By | December 11th, 2017|Categories: Romanian Law|0 Comments

Tax Update, All Change – Perhaps?

Tax Update in Romania The Romanian Government has done what very few Governments in the past have done and that is that they have united both employers and Unions in a common cause.  They have done this by implementing the measures set out in Emergency Ordinance 79/2017 (“Ordinance “). This Ordinance was published on 10th [...]

By | November 17th, 2017|Categories: Employment, Romanian Law, Romanian Taxes|0 Comments

The Insolvency procedure

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 [...]

Data Protection – The Romanian Approach

Data Protection – The Romanian Approach In April 2016, the European Union adopted the EU Regulation 2016/679 (General Data Protection Regulation-GDPR) on the protection of natural persons with regard to the Processing of Personal Data and on the free movement of such data, and the subsequent repeal of Directive 95/46/EC The GDPR is [...]

By | September 19th, 2017|Categories: Intellectual Property, Romanian Business, Romanian Law|0 Comments

Amendment to the Labour Code

Amendment to the Labour Code As a Romanian law firm dealing with Labour related issues it is interesting to see the amendments to the Labour Code recently introduced by the Government. The Romanian Government last month introduced amendments to the Labour Code. Whilst these changes are not fundamental they do impact on potential employers [...]

By | September 13th, 2017|Categories: Employment, Romanian Law|Tags: , , |0 Comments

Romanian Product Warranties

As part of Romania’s continued movement towards a fully integrated European Union country there has been a steady movement towards increasing consumer protection.  Suppliers of goods and services have become aware of the duties they owe their customers whether they be private individuals or a commercial buyer. The legislation covering the liability of [...]

Trade Mark Registration – Romania

The registration of a trademark in Romania involves several steps and procedures which must be closely observed. The Trade Mark registration can be carried out by a lawyer or similar person or by the owner of the trade mark themselves. We are often asked as a Romanian law Firm for advice on Trade [...]

By | April 12th, 2017|Categories: Romanian Law|Tags: , , |0 Comments

Transfer Pricing in Romania

Transfer pricing is becoming more and more of an issue in Romania.  Although not a member yet of OECD Romania has tried in many cases to follow the rules of the OECD.  A number of recent treaties against Double Taxation follow the OECD recommended format. One of the areas in which the OECD [...]

By | February 27th, 2017|Categories: Romanian Business, Romanian Law, Romanian Taxes|0 Comments