Romanian Law

/Romanian Law

Recovering Your Romanian Investment

Companies have been formed in the past for many reasons in Romania. Over the past few years, the Romanian Trade Registry has endeavoured to clean up the number of Romanian dormant or non-trading companies which had been set up in the first flush of a free trade economy as shown on the register. In many [...]

Ash Is The Future of Smoking

In the 1930’s smoking was seen as the “in” thing to do. The social and economic pressure was such that no-one knew or cared about the consequences of smoking. This was also true in the 1950’s and early 1960’s. My own feeling is that it was a case of lack of knowledge other risks rather [...]

Romanian Agency Agreements

Despite the current slowing down of international trade we as a law firm in Romania dealing with international trade have seen a rise in interest by foreign SME’s in entering into agency and distributorship agreements with Romanian companies. Whilst the foreign SME’s might seek to invoke the laws of their own country many Romanian companies [...]

What Tax Will You Pay on Company Incorporation

One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty five (45) Euros. This is [...]

Why a Mandate Contract

Since 1989 Romania has passed from the command economy of socialism to commerce based on the free market and capitalism. Romanian commercial development really started with the passing of the Company Law (Law 30/1990) which enabled the formation of limited liability companies as well as joint stock companies. This was a first step in the [...]

Twenty Six Years Ago.

It has been drawn to my attention that 26 years ago on the 12th January 1990, it was the first time I came to Romania. I came with a party of ten, including another partner from my law firm in London. He had never been to Romania either. The TAROM plane had left London Heathrow [...]

Saving Your Property Investment In Romania

Over the last few months as an English speaking Romanian based law firm with international connections we have received a number of enquiries from people outside of Romania who have woken up to the fact that they have in the past made investments in Romania and Eastern Europe and they do not know what has [...]

Closer to Europe

Succession The 17th August may not have been a very important day for many people and lawyers in Romania, but it will have had an impact on them. For Romanian family lawers and those involved with tax planning, succession with cross border aspects have often given rise to complex structures. The law of succession varies [...]

Penalties – Not The Football Kind

Now to some people in Romania penalties only relate to rugby or football.  But to a lawyer they have a more significant role in contract law. We have noted in the past the confusion regarding penalties not only in the minds of investors from the United Kingdom and the United States of America but also [...]

Romanian Business Angels to Appear

The Business Angel law has now been introduced into the Romanian legal system. Whether it will stimulate investment in new ventures is a question which still has to be answered. It is a step taken by the Government to try and bring new investment into the market. Law no. 120/2015 regarding fiscal facilities granted to [...]