How to terminate a company in Romania
The dissolution of companies in Romania is primarily governed by Law no. 31/1990 regarding companies, as well as subsequent amendments
16 May 2024
The dissolution of companies in Romania is primarily governed by Law no. 31/1990 regarding companies, as well as subsequent amendments
In civil matters, prescription is acquisitive – a person’s possession of property for a certain period of time gives him
Personal guarantees are represented by fideiusion, autonomous guarantees and other types of guarantees provided by law. Fideiusion Fideiusion is that
In the following we will detail some of the procedures commonly used to resolve disputes: 1. Negotiation – this informal
What does a debt collection process in Romania look like? The debt collection process can be divided into three phases. Collection out
This change of the way employees work has become necessary overnight, the only option being that of working from home.
We will try to answer these questions by relating to a case that has come to our attention sometime at
In the light of this severe situation, on March 19th, the European Data Protection Board adopted a formal Statement that
The European Data Protection Board has underlined that the rules on data protection established through the Regulation do not hinder
Who can invoke a force majeure clause? Individuals or companies that are unable to fulfil their contractual obligations on account
This publication construes the applicability of general regulations upon the acquisition of a real estate property in Romania. One should
1. What types of employment contract are recognised in Romania? According to the Romanian Labour Code, employment contracts are concluded
1. What types of company can be formed in Romania? The following are recognised as legal forms of company in
1. When are you declared bankrupt? Companies are declared bankrupt when they are unable to pay their certain, liquid and
1. How can we divorce in Romania and where? In Romania, individuals can divorce by mutual agreement or, if one
In case of limited liability companies, shareholders may assign their shares. This assignment procedure may be performed by a Romanian
Business presence Main vehicles for doing business in Romania: Romanian company, the most used are: Joint Stock Company (“SA”) Ideal
Bitcoin is a so-called „digital currency”, created in 2009, which offers the promise of lower transaction fees than traditional online
Starting from the 1st of May 2010, Regulation (CEE) no. 1408/71 and 574/72 had been replaced with Regulation (CE) no.
In accordance with Romanian law, the Civil Code respectively, any contract can be modified if the parties agree so. In
Individuals willing to work inside the EU, EEA or Switzerland as employees or independent contractors (self employed, sole proprietorship or
Judgments on child custody and the visit program are made according to Regulation 2201/2003 on jurisdiction, recognition and enforcement of
Mediation in finding and entering employment out of Romanian borders between Romanian citizens and their employers is strictly regulated by
In order to start an NGO in Romania, the first step is to obtain a proof that the name of
According to the fiscal laws that are in force in Romania, any income earned from consultancy and management services, regardless
Individuals who wish to start a business in Romania can obtain a permit in this regard from the City Hall
Foreign companies may set up in Romania branches and subsidiaries, if not prohibited by Romanian laws and by its By-Laws.
An unpleasant situation that could occur while travelling in Romania is to get a ticket for violating traffic laws and
International child abduction is regulated at an international level by the Hague Convention concluded in 1980 and in Romania by
I. Preliminary steps In order to register the company in Cluj it is necessary to have the following information: name
The New Civil Code establishes the procedures one has to follow in order to get divorced in Romania. Spouses who
At present, the Civil Code stipulates as a general rule that the parental authority over a minor is exercised by
At present, the European countries each apply their own national rules regarding inheritance law. That will change from 17 August
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