Some Matters to Consider on Acquisitions in Romania

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 […]

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Hiring An Employee Difficult?

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 […]

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Globalaw lawyers Help Ukrainian Refugees

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 […]

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Share Capital Increase by Converting the Debts

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 […]

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What is a Romanian Micro company?

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 […]

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The advantages of a wind farm in Romania

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 […]

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Redundancy

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 […]

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Employment Taxation Issues

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 […]

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REDUNDANCY

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 […]

Read more