What aspects should you take consider into consideration when incorporating a company in Romania in 2024?
According to the Romanian Law no. 265/2022 on the trade register and for the modification and completion of other normative acts with an impact on the registration in the trade register,
Fiscal changes regarding companies in Romania in 2024
Starting in 2024, the Fiscal Code undergoes a series of modifications enacted by Law 296/2023 and Emergency Ordinance 115/2023.
Statement of claim in Romania
According to the provisions of Law no. 85/2014, to acquire the status of a creditor in the insolvency procedure in Romania, several steps need to be followed, including: notifying the creditors from the list submitted by the debtor,
Recovery of claims in insolvency proceedings in Romania
According to the Romanian Law no. 85/2014 on insolvency prevention and insolvency proceedings, insolvency in Romania is that state of the debtor’s assets that is characterized by the insufficiency of the available funds for the payment of certain, liquid and enforceable debts.
Disputes regarding the reclaim of nationalized property in Romania
The communist period, years 1945-1989, had a major influence regarding a constitutional right, namely the right of ownership in Romania, as properties were abusively taken over by the state.
Tax disputes in Romania: Appealing Tax Decisions and Administrative Tax Acts
According to regulations in tax law in Romania, a tax decision and an administrative tax act can be appealed in front of the fiscal authority in order to analyze the validity and legality of the taken measures.
Disputes regarding neighbourly relations in Romania (delimitation of property boundaries, easement on property/servitude)
According to the civil code, the private property right in Romania includes in its contents the right of possession, use and disposition of an exclusive, absolute and perpetual good, within the limits established by law.
Alternative dispute resolution in Romania
According to Romanian legislation, there are methods by which a creditor can recover a debt or claim by resolving disputes without the necessity of initiating legal proceedings.
Disputes regarding severence of joint tenancy and partition action in real estate law in Romania
The joint tenancy institution in Romania refers to that situation where two or more persons (tenants in common) have in joint property in Romania a certain asset, whether it is a movable or immovable property.
Real estate litigation with developers in Romania
Most of the time, buying a new apartment in residential complexes from developers in Romanian takes place when the construction is still in the real estate development phase.