The basis of a manager's mandate is the company's trust. Naturally, when trust is broken, revocation follows irrespective of misconduct.

Effective 6 December 2024, a series of amendments to the Companies Law 31/1990 have come into force, as introduced by Law 299/2024.

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.

Foreign legal entities seeking to establish tax residence in Romania based on a place of effective management must complete a questionnaire published by the Romanian tax authorities on May 17 in Order no. 577.

EU Directive 2019/2121 (also known as the "Mobility Directive") aims to create a reinforced framework for cross-border operations while ensuring the protection of employees...

The Companies Law expressly permits claims against the validity of certain corporate resolutions with respect to shareholder decisions.

In the context of the restrictions imposed by the authorities in Romania to prevent the spread of COVID-19, the government has enacted Government Emergency Ordinance 62/2020.

The legal vehicles mostly used by the investors in Romania are the limited liability company (LLC), joint stock company (JSC), the branch, and the Representative Office.