Over the last few weeks I have been encouraged by a resurgent interest in Romania and Romanian businesses. It is extremely easy if you sit in Bucharest to see Romanian as a microcosm of Bucharest. This is all wrong as we constantly tell our clients. Look outside Bucharest. As a Romanian law firm with a wide range […]
Has it become harder for non-European citizens to open a business in Romania?
While Romania has been a country that has been constantly inviting and attracting new business, being a non-European citizen or company that aims to open a business can come with its own set of headaches. These are in part to changes in the Global situation and further requirements of the European Union.Certain challenges may come […]
How to claim compensation for a delayed or cancelled flight?
If you find yourself in the unfortunate situation of your flight in Europe being cancelled or delayed by more than three hours, you should consider Regulation (EC) No 261/2004. This European regulation provides passengers with rights in the event of a cancelled or delayed flight. However, in order to maximize your chances of having a […]
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 […]
