JD Supra Romania

Publisher:: JD Supra
Publication date:: 2019-04-29

Publisher

JD Supra (75)

Law Firm

Latest documents

Establishing a Business Entity in Romania (Updated)
1. Types of Business Entities - When entering the Romanian market, foreign investors have the option of incorporating a new legal entity with a Romanian legal personality, or setting up a unit of a foreign mother company, which will not have a Romanian legal personality: Under Romanian law, companies with a Romanian legal personality may have the following forms...
Buying and Selling Real Estate in Romania (Updated)
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER ROMANIAN LAW - I. Types of Real Property Transactions - A. Purchase of an undeveloped plot of land (agricultural); B. Purchase of brownfield renewable power generation projects along with land rights for power generation installations, connection, and the collection network; C. Secure land rights (ownership right, superficies right, concession right, use and easement rights) to enable the development and delivery of turnkey renewable power generation greenfield projects...
Bankruptcy, Insolvency & Rehabilitation Proceedings in Romania (Updated)
KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ROMANIAN LAW - 1. A brief presentation of the bankruptcy/insolvency/rehabilitation proceedings of the country and their main differences.
Establishing A Business Entity In Romania (Updated)
1. Types of Business Entities - When entering the Romanian market, foreign investors have the option of incorporating a new legal entity with a Romanian legal personality, or setting up a unit of a foreign mother company, which will not have a Romanian legal personality: Under Romanian law, companies with a Romanian legal personality may have the following forms... Please see full Chapter below for more information.
Buying and Selling Real Estate in Romania (Updated)
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER ROMANIAN LAW - I. Types of Real Property Transactions - A. Purchase of an undeveloped plot of land (agricultural); B. Purchase of brownfield renewable power generation projects along with land rights for power generation installations, connection, and the collection network; C. Secure land rights (ownership right, superficies right, concession right, use and easement rights) to enable the development and delivery of turnkey renewable power generation greenfield projects... Please see full Chapter below for more information.
Bankruptcy, Insolvency & Rehabilitation Proceedings in Romania (Updated)
KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ROMANIAN LAW - 1. A brief presentation of the bankruptcy/insolvency/rehabilitation proceedings of the country and their main differences. Romanian legislation provides two main categories of such procedures: I. Insolvency prevention procedures - I. 1. Restructuring agreement - A debtor who faces financial difficulties may propose a restructuring agreement, which can be drawn up either by the restructuring administrator or by the debtor, with the assistance of the restructuring administrator. Among others, the restructuring agreement must contain an analysis on the economic situation of the debtor, a list of the claims which will be and not be affected by the reorganization agreement and the proposed restructuring measures which can be either operational, financial or human resources oriented. The agreement will eventually be voted upon by the affected creditor(s), based on the categories in which they fall. The purpose of the restructuring agreement is for the debtor to restructure its activity and to reach an agreement with its creditor(s) regarding the payment of the due debts. Please see full Chapter below for more information.
Establishing A Business Entity In Romania (Updated)
1. Types of Business Entities - When entering the Romanian market, foreign investors have the option of incorporating a new legal entity with a Romanian legal personality, or setting up a unit of a foreign mother company, which will not have a Romanian legal personality: Under Romanian law, companies with a Romanian legal personality may have the following forms: - Limited liability companies (societati cu raspundere limitata) - Joint stock companies (societati pe actiuni) - Limited partnerships (societati in comandita simpla) - Limited partnership by shares (societati in comandita pe actiuni) - Partnerships (societatea in nume colectiv)... Please see full Chapter below for more information.
Buying and Selling Real Estate in Romania (Updated)
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER ROMANIAN LAW - I. Types of Real Property Transactions - A. Purchase of an undeveloped plot of land (agricultural); B. Purchase of a buildable plot of land (with or without a building); C. Purchase of a building without the land (with superficies right over the land); D. Purchase of a flat (condominium); E. Purchase of a company having real estate assets. II. Major Content of the Purchase Agreement - The contract must include parties’ identities, description of the real estate (address, surface area, buildings, cadastral number and Land Book registry number), purchase price (which must be serious – not derisory, real – not fictitious, and determined or determinable), as well as the main obligations of the parties (i.e., to transfer the property rights and to pay the price). Please see full Chapter below for more information.
Bankruptcy, Insolvency & Rehabilitation Proceedings in Romania (Updated)
KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ROMANIAN LAW - 1. A brief presentation of the bankruptcy/insolvency/rehabilitation proceedings of the country and their main differences. Romanian legislation provides two main categories of such procedures: I. Insolvency prevention procedures - I.1. Ad-hoc mandate - If the debtor faces financial difficulties, it can request the court to open the ad-hoc mandate procedure. The purpose of such procedure is for the debtor and its creditor(s) to reach an agreement, by reducing the debt or rescheduling due debts. Also, other measures may be decided, such as terminating certain agreements, reducing personnel, etc. Please see full Chapter below for more information.
Establishing A Business Entity In Romania (Updated)
1. Types of Business Entities - When entering the Romanian market, foreign investors have the option of incorporating a new legal entity with a Romanian legal personality, or setting up a unit of a foreign mother company, which will not have a Romanian legal personality: Under Romanian law, companies with a Romanian legal personality may have the following forms: - Limited liability companies (societati cu raspundere limitata) - Joint stock companies (societati pe actiuni) - Limited partnerships (societati in comandita simpla) - Limited partnership by shares (societati in comandita pe actiuni) - Partnerships (societatea in nume colectiv)... Please see full Chapter below for more information.