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  • Article

    Companies' European Unique Identifier

    Following the adoption of the Law no. 152/2015 (amending and supplementing the national legislation regarding the registration procedure with the Trade Registry),
    RomaniaCorporate/Commercial Law
    Wolf Theiss
    Wolf Theiss
  • Article

    Setting Up Operations In Romania

    Today'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 Law
    Kinstellar
    Kinstellar
  • Article

    Setting Up Operations In Romania

    Today'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 Law
    Kinstellar
    Kinstellar
  • Article

    Three Major Changes To The Company Law

    On 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 Law
    Eurofast
    Eurofast
  • Article

    Registration Of Contracts Concluded With Foreign Legal Entities Or Non-Residing Natural Persons

    Romanian 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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Company Law To Be Amended – Law 223 / 30.10.2020

    In 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 Gazette
    RomaniaCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    Doing Business In Romania: Market Entry Challenges

    Romania 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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Legislative Changes To Simplify Incorporating A Company Under Romanian Law

    One 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 Law
    Dentons
    Dentons
  • Article

    Reminder Regarding Deadline In Romania For Risk Analysis For Physical Security: July 1st, 2017

    According 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 Law
    Wolf Theiss
    Wolf Theiss
  • Article

    Romanian Company Law Updates: Online Participation And E-voting In Shareholder Meetings

    The 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 Law
    Wolf Theiss
    Wolf Theiss
  • Article

    Am 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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Investor Relations: How To Build Solid Bridges In Stormy Weather

    Stock market investors' trading decisions are influenced by a myriad of factors, including economic, social and political changes.
    RomaniaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Amendments To Company Law No. 31/1990

    On 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 Law
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    New Obligation For Legal Entities: Indicating And Identifying The Ultimate Beneficial Owner

    Recently, 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 Law
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    New System For Distribution Of Companies' Dividends In Romania

    As 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 Law
    Wolf Theiss
    Wolf Theiss
  • Article

    Changes Ahead For Investment Firms

    The 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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Dissolution Of Rasdaq Market - Potential Unwanted Effects On Companies

    At 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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Legislative Changes For Joint-stock Companies In Romania

    Effective 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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Who (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 Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Directors' Confidentiality Obligations

    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.
    RomaniaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)

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