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 […]
Author: Nicholas S. Hammond
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 […]
Why Increase share capital by converting loans into sharesWhen a company is in the start-up stage, cash flow problems may exist and liquidity is needed for the company to operate. Although there are sources of financing available companies often choose to capitalise a loan from shareholders or associates, or even third parties. What is the […]
Romanian micro companies are still attracting interest from potential foreign investors. Micro companies are companies incorporated in accordance with Law 30/1990 Companies law as Limited Liability Companies (“SRL”) and therefore from the legal perspective they are no different from other Romanian SRL companies except in the realm of taxation. For companies qualified as microenterprises under […]
When the managing director walks into your office and says to you, as the General Counsel, we are going to work in Romania often the first reaction of the GC, is why Romania and where is it. Sensible questions and ones that we will now try and give an initial answer to. As a commercial […]
Romania is currently rated as one of the best countries in Europe for buying a wind farm, especially since it has one of the highest rates of wind energy generation in Europe. The country has abundant sun and wind resources and a history of renewable energy development with wind farms leading the way. Furthermore, the […]
The Romanian economy changed in 1989 and this brought about a profound effect on the way that people lived their lives and business was done in Romania. Many foreign investors forget that only since 1989 has Romania had a free market economy. This has been a blessing and a curse. One of the major impacts […]
We currently are dealing in Romania with a number of employment issues. As Romanian Employment law specialists we are acutely aware that whist Romania is currently going through a period of economic expansion there are still reasons where it is necessary for an employer to make employees redundant. The method and steps required are covered […]
When advising on employment issues in Romania we are often presented with a situation where a non – resident foreign company want to employ a person in Romania. One of the first questions that is raised is the question of taxation. The Romanian Fiscal legislation provides that when an employment agreement is concluded between a […]
We currently are dealing in Romania with a number of employment issues. As Romanian Employment law specialists we are acutely aware that whist Romania is currently going through a period of economic expansion there are still reasons where it is necessary for an employer to make employees redundant. The method and steps required are covered […]
The majority of investors and companies who wish to incorporate a company in Romania chose to set up a limited liability company (SRL). As a Romanian law firm we are often asked to advise on the type of company to be incorporated and in many cases we would agree with the client’s initial instructions to […]
The advent of the computer saw a major shift in dealing with legal matters by law firms and their clients. The trend brought about COVID of on-line working has accelerated even further legal thinking on home working. Many consultants to the legal profession have argued for years that the current approach to the practice of law is […]