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Legal News
SALES: WHAT TOOLS TO CHOOSE - OPTION ...
Are you planning to conclude a sale and make sure that your partner does not change his mind until the date scheduled for the sale to take place? According to Romanian law, for this purpose, [...] Read more
22 June 2017
GENERAL TERMS AND CONDITIONS
Do you ever wonder what “general terms and conditions” are useful for? Well, such a contractual document is useful when the parties to a contract do not have the time to sign a proper sale-purchase [...] Read more
8 June 2017
MEAL VOUCHERS: HIGHER MAXIMUM VALUE
The maximum nominal value of meal vouchers that employers may grant to their employees has been slightly increased, from 15 Lei to 15.09 Lei, for the first half of 2017. This new value is applicable [...] Read more
8 June 2017
MINIMIS AIDS AIMING AT INCREASING ENE...
A new minimis aids scheme, aiming at increasing the energy efficiency of companies active in the industry sector has entered into force on 26 April 2017, further to the publication in Official Journal no. 298 [...] Read more
8 June 2017
REAL-ESTATE ACQUISITIONS: THE PROMISE...
The High Court of Cassation and Justice (ICCJ) has recently rendered a ruling that clarifies the procedure for obtaining a ruling having the force of a sale contract. By its ruling, the High Court has [...] Read more
8 June 2017
RELAXATION OF THE LEGAL REGIME OF AGR...
The legal regime of agricultural companies in Romania was relaxed as of the 1st of April 2017 following the recent adoption of Law no. 31/2017. This law allows agricultural companies to take the form of [...] Read more
4 May 2017
STATE AID FOR THE PRODUCTION OF RENEW...
Companies active in the electrical and thermal power generation sector and the administrative and territorial units/intra-community development associations that produce electricity from renewable sources will benefit from a new State aid scheme, approved Read more
4 May 2017
NEW MINIMIS AID SCHEME FOR SMES
The difficult access of small and medium-sized enterprises (“SMEs”) to financing in Romania is the greatest concern for entrepreneurs and largely accounts for their low impact on the country's economy. In view of this funding [...] Read more
19 April 2017
LABOR LAW: GOOD PRACTICES IN CONDUCTI...
During the life of a company, reorganization – also known as corporate restructuring – results from the need to adapt to the economic, legal or market environment. Reorganization occurs both when the company is financially [...] Read more
3 April 2017
POSTING OF WORKERS: NEW RULES APPLICA...
As part of the effort to transpose into national law the European regulations regarding the posting of workers, Romania has recently passed a new law on the posting of workers. Law no. 16 as of [...] Read more
30 March 2017
DEBT RECOVERY: RULES AND PROCEDURES
Causing cash problems or litigations, unpaid debts are unfortunately quite often in a large number of activities. In this context, debt recovery procedures are essential for protecting the company against clients who are late in [...] Read more
16 March 2017
LIMITED LIABILITY COMPANIES: LEGAL AN...
When a shareholder wishes to leave a Limited Liability Company (SRL), it has to sell its shares either to another shareholder or to a third party. Shares may be sold either at nominal value or [...] Read more
16 March 2017
PAYMENTS IN AGRICULTURE – EASIER ACCE...
Conditions for eligibility and access of farmers to financial aids in agriculture granted under the Common Agricultural Policy are more relaxed following the amendment of Government Emergency Ordinance no. 3/2015 for the approval of payment [...] Read more
16 March 2017
NEW PROVISIONS APPLICABLE TO SMES
Newly created small and medium enterprises (SME) can benefit, in certain conditions, of a minimis aid in an amount of 200,000 Lei (approximately 44,500 Euros), representing 100% of the eligible expenses. This minimis aid will [...] Read more
2 February 2017
CHANGES IN TAX LAW: EXEMPTIONS FROM T...
The changes in tax legislation, in force in 2017, include new provisions regarding the exemption from the payment of the income tax for certain professional categories. We present to you below the new provisions regarding [...] Read more
31 January 2017