As a Romanian law firm we have seen that the ongoing hostilities in the Ukraine have impacted on the business life of Romania. From the initial shock and surprise at the invasion of the Ukraine to an uneasy realisation that it is a front line country so Romania has had to look at its position […]
Most people who set up companies in Romania chose to incorporate a limited liability company (“SRL”). If you are considering setting up a company, there are certain initial matters which you need to consider. These are the steps, legal procedures, documents required and the associated costs to set up a SRL. This article is indicative […]
As Employment lawyers in Romania we are very well aware that digitisation and Covid has caused transformation of the Romanian labour market. Traditional labour relations and new strategies to increase competitiveness and flexibility at work while maintaining a high level of social protection for employees have needed to be developed. The legislative framework in Europe […]
Athour – Nora Matei. Not long ago if you were Romanian you could find yourself in some circumstances or circles where it was better to keep your nationality to yourself. Lately, and by that I mean in the last few years and perhaps more frequently and constantly in the last few months, it seems that […]
Back in 1990 Austria was seen as the furthest East that Western business and law firms could realistically work without too much trouble and with openness. Austrian lawyers therefore saw themselves as the frontier of Western legal business and practises. Thirty years on the boundary has now moved. The recent political events upon I which I […]
Foreign investors in the real estate field in Romania contemplating construction or refurbishment often request legal advice in respect of their obligation to appoint a consultant or a project manager within the process of constructing a new building or refurbishing an existing structure. They further request clarification regarding the differences between the definitions of project manager, supervisor […]
As well as incorporation of companies, we are often asked to advise on the closure of a company’s business and the subsequent steps to be taken to close a company and to ensure that there are no outstanding liabilities on the administrator and the shareholders. The concept of limited liability should in theory protect the […]
A standard question of any potential foreign investor in Romania is, what is the current situation in Romania regarding the taxation of companies. To assist potential investors, we have prepared a short note which outlines the basic principles of the taxation regime for companies and individuals. This note is not intended to provide an answer […]
Once a decision has been made to purchase an asset in Romania be it the business of a company or shares in a Romanian company other considerations then enter into the equation. As most lawyers and general counsels know, commercial decisions are made and then it is the lawyers job to implement such decisions. One […]
Once a decision has been made to purchase an asset in Romania be it the business of a company or shares in a Romanian company other considerations then enter into the equation. As most lawyers and general counsels know, commercial decisions are made and then it is the lawyers job to implement such decisions. One […]
Romania currently has one of the most employee friendly legal regimes in the European Union. We are often asked to advise on the problems in terms of restructuring and dismissal of employees. Whilst not as employee friendly as France or Italy Romania comes very close behind. For all employers the question of employee protection and […]
To help deal with the huge influx of Ukrainian refugees, the law firms of Globalaw, the international law network are joining forces to advise refugees how to best and most efficiently legalize their stay and complete all underlying formalities. Watch this space for information on the opening of help desks in Globalaw member firms. In […]
