ArticleCompanies' European Unique IdentifierFollowing the adoption of the Law no. 152/2015 (amending and supplementing the national legislation regarding the registration procedure with the Trade Registry), RomaniaCorporate/Commercial LawWolf Theiss
ArticleSetting Up Operations In RomaniaToday's uncertainties at the European Union's eastern border have left companies questioning the safety of their people and the continuity of their operations in that part of the world. RomaniaCorporate/Commercial LawKinstellar
ArticleSetting Up Operations In RomaniaToday's uncertainties at the European Union's eastern border have left companies questioning the safety of their people and the continuity of their operations in that part of the world. RomaniaCorporate/Commercial LawKinstellar
ArticleThree Major Changes To The Company LawOn the 2nd of July 2020, after an almost six month wait, the law that allows for the de-bureaucratisation of company incorporations in Romania, was finally published in the National Gazette. RomaniaCorporate/Commercial LawEurofast
ArticleRegistration Of Contracts Concluded With Foreign Legal Entities Or Non-Residing Natural PersonsRomanian legal persons, residing natural persons, and permanent headquarters in Romania belonging to foreign legal persons have the legal obligation to register with the competent fiscal authorities those contracts concluded with foreign legal persons or non-residing natural persons. RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleCompany Law To Be Amended – Law 223 / 30.10.2020In an effort to reduce bureaucracy when operating limited liability companies, Romania has amended its Company Law that will come into force 3 days following its publication in the National GazetteRomaniaCorporate/Commercial LawEurofast
ArticleDoing Business In Romania: Market Entry ChallengesRomania still offers many opportunities for investors looking to enter the European market or to develop their operations in the region. The country's shifting corporate and tax laws do not seem to have deterred investors...RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleLegislative Changes To Simplify Incorporating A Company Under Romanian LawOne of the key amendments provides that starting now any natural or legal person can be a sole shareholder in more than one limited liability company.RomaniaCorporate/Commercial LawDentons
ArticleReminder Regarding Deadline In Romania For Risk Analysis For Physical Security: July 1st, 2017According to the Government Decision no. 301/2012 on the approval of the Methodological Norms for the application of Law no. 333/2003 regarding the safeguarding of objectives, assets, valuables ... RomaniaCorporate/Commercial LawWolf Theiss
ArticleRomanian Company Law Updates: Online Participation And E-voting In Shareholder MeetingsThe Romanian Company Law no. 31/1990 has been amended through the recent Law no. 299/2024 to better align with technological developments and the evolving needs of the business landscape. RomaniaCorporate/Commercial LawWolf Theiss
ArticleAm I Saying Anything When Abstaining From Voting As A Shareholder?Historically speaking, uncertainty always existed in Romania regarding the meaning of abstention in general meetings of shareholders. What is at stake is the means to calculate the ...RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleInvestor Relations: How To Build Solid Bridges In Stormy WeatherStock market investors' trading decisions are influenced by a myriad of factors, including economic, social and political changes.RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleAmendments To Company Law No. 31/1990On September 6, 2012 the Government Emergency Ordinance no. 47/2012 (the "Ordinance") was published in the Romanian Offcial Gazette no. 635 and entered into force.RomaniaCorporate/Commercial LawCMS Cameron McKenna Nabarro Olswang
ArticleNew Obligation For Legal Entities: Indicating And Identifying The Ultimate Beneficial OwnerRecently, Law no. 129/2019 on the prevention and sanctioning of money laundering and terrorism financing, and on the amendment and supplementation of other legislative acts (Law no. 129/2019) entered into force in...RomaniaCorporate/Commercial LawDLA Piper UK LLP
ArticleNew System For Distribution Of Companies' Dividends In RomaniaAs of 15 July 2018, Romanian companies are allowed to distribute dividends to shareholders either quarterly or annually. The new system regarding quarterly distribution of dividends ...RomaniaCorporate/Commercial LawWolf Theiss
ArticleChanges Ahead For Investment FirmsThe Romanian Financial Supervisory Authority (FSA) released for public consultation a draft regulation proposing amendments to its Regulation 5/2019 applicable mainly to investment firms and...RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleDissolution Of Rasdaq Market - Potential Unwanted Effects On CompaniesAt the end of 2014, the Romanian parliament passed a law whose main purpose is to dissolve the Rasdaq market and unlisted securities markets. RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleLegislative Changes For Joint-stock Companies In RomaniaEffective 6 December 2024, a series of amendments to the Companies Law 31/1990 have come into force, as introduced by Law 299/2024.RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleWho (Else) Can Claim The Nullity Of A Share Transfer?Can one or more of a company's shareholders claim that a transfer of shares to third parties by other shareholders is null, even if the claimants were not interested...RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleDirectors' Confidentiality ObligationsUnder the Companies Law, directors are prohibited from disclosing confidential information and trade secrets to which they have access in their capacity as a director. RomaniaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)