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 […]
Albu Legal participated for Romania in Baro Alto ‘s international study, through the IR Global network, on corporate criminal liability vs. managers’ liability. Baro Alto law firm carried out this survey – in partnership with the French think tank Institut pour l’Innovation Economique et Sociale (2IES) and Professor Pascal Beauvais, lecturer at the University of Paris 1 […]
Introduction With war waging in Ukraine, immense pain and suffering has been inflicted upon the Ukrainian population. Those who could (and wanted) left in the face of the Russian aggression, generating the largest influx of refugees in recent European history. Neighbouring countries, such as Romania, Poland and Republic of Moldova, had to adapt almost overnight […]
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 […]
IR Global members offer jurisdiction-specific advice on how you can adapt to succeed in the hybrid working environment. In the following pages you will hear from 45+ IR members who […]
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 […]
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 […]
Cybercrime has become an increasingly imperative topic for business environment. Businesses are being targeted by hackers more than individuals. However, safety measures are available for both categories – companies and individuals, requiring only attention, time and some resources. What measures should businesses and individuals adopt and, most importantly, what should they pay attention to? Our […]
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 […]
