78 results found

Under the Companies Law, directors are prohibited from disclosing confidential information and trade secrets to which they have access in their capacity as a director.

From 6 February 2012, the National Trade Registry and the National Agency for Fiscal Administration issued new rules meant to facilitate formalities associated with company incorporation and changing a company’s registered seat in Romania.

The most notable change in the fiscal environment in 2017 so far has been the VAT rate. It has decreased three times in the past 18 months, most recently in January when it reduced to 19%.

Romania has introduced major fiscal reforms for 2025 and 2026, impacting dividend taxation, VAT rates, excise duties, payroll compliance, and interest income reporting.

Cybersecurity has long been vital for business and has become an even more critical expenditure in recent years. As most technology experts tend to admit, no system can be engineered...

Recent years have brought significant progress in terms of formalities for the incorporation of legal entities that carry out economic activities. The trend is to streamline...

Although dual class voting structures have been around since the early 20th century, opinions remain divided on their merits.

3 July 2020 – The Romanian parliament has amended Law no. 31/1990 on companies through the newly enacted Law no. 102/2020 (the "Law")...

In the anticipation of the Corporate Sustainability Due Diligence Directive and the greater emphasis buyers will put on due diligence of processes and evaluation of risks...

With its decision in the "VALE" case (and previously in "Cartesio"), the European Court of Justice (ECJ) has recognised cross-border changes of form which simultaneously preserve a company's identity...

On 26 June 2024, the Romanian Competition Council (the "RCC") announced that it had conducted a dawn raid as part of an investigation concerning the possible abuse of a superior bargaining position by a company active in the supply of liquid medicinal oxygen against a public hospital.

April 2025 – On 24 April 2025, the Belgian Competition Authority ("BCA") announced that it had imposed fines...

The filing of a complaint against an ISU decision for the temporary suspension of the activity shall not automatically stay the decision, marking a derogation from the general regime applicable to complaints against minor offences.

On 20 May 2021 Schoenherr together with Romanian Business Leaders organised the "M&A | why do it now?" webinar.

<P>The regulation of design protection in Romanian law is only of recent date.</P> <P>The first regulation was the Law No. 129/1993 in the field of the industrial property right, followed by Law no. 8/1996 in the field of copyright.</P>

Competition rules applicable to dominant companies are very strict and the RCC takes a firm approach to abuse cases.

i.One or more Managing Directors only