Request Call Back Free Case Evaluation Request Price What is a group of companies? Groups of companies refer to a group consisting of a dominant company and other companies controlled, either factually or legally, by the former. This type of control provide the dominant company with the opportunity to establish certain economic strategies and behaviors … Read more
Request Call Back Free Case Evaluation Request Price What are cross-border mergers and what types of legal entities can take a part in these mergers under the laws of Romania? Cross-border mergers can be achieved by joint stock companies (SA), limited partnership companies, limited liability companies (LLC), Romanian legal persons, as well as by European … Read more
Request Call Back Free Case Evaluation Request Price What are censors in accordance with the Romanian legislation and what is their role? The censorss of a company are an organ which serves to prevent the insolvency of the company, to oversee its management and alert about the dangers arising from improper management of the company. … Read more
Request Call Back Free Case Evaluation Request Price What kind of persons can be excluded from a Romanian company and what types of companies can resort to this measure? According to Romanian Law no. 31/1990 regarding companies, the persons who may be excluded from a general partnership company (SNC), a limited partnership company, a company … Read more
Request Call Back Free Case Evaluation Request Price What are the particularities of the legal entity in accordance with the legislation that governs this field? Pursuant to the provisions of the New Civil Code in Book I, “About people”, the main elements that can be used in order to properly identify a legal entity in … Read more
Request Call Back Free Case Evaluation Request Price What is the insolvency of a company more precisely and which Romanian law is governing this procedure? The Romanian law governing the insolvency procedure is the Law. 85/2014 on insolvency prevention procedures and insolvency. According to the legal provisions mentioned above, the term “insolvency” is defined as … Read more
Request Call Back Free Case Evaluation Request Price Investors who set up a consultancy company in Romania follow the general incorporation steps for the business form they choose. Such a business will focus on offering professional solutions for organizations that require assistance with planning, strategy, or corporate change, among others. Our team can help you … Read more
Request Call Back Free Case Evaluation Request Price I am looking to start my own construction company in Romania and I wanted to know more about this type of company. What can you tell me? Usually, construction companies in Romania are set either as a SRL ( limited liability company ) or SA (joint-stock company). … Read more
Request Call Back Free Case Evaluation Request Price I heard there are new legal provisions regarding the submission of annual financial statements for 2016. Is this true? If so, what do these provisions refer to? Indeed, Order no. 23 / 28.01.2016 published in the Official Gazette refers to the main aspects of preparing and submitting … Read more
Request Call Back Free Case Evaluation Request Price I want to establish a sports betting agency in Bucharest. What is the law that governs the process of setting up such an agency in Romania? The gambling activity in Romania knows a complex and rigorous regulation. GEO no. 77/2009 is one of the main legislative measures … Read more