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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. 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 agreement the and reorganization 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.

• Data Privacy Guide - Romania

  Governing Data Protection Legislation - 2.1. Overview of principal legislation - The General Regulation Data Protection (Regulation (EU) 2016/679) (“GDPR”), as implemented by Law 190/2018 is the principal data protection legislation in Romania. The collective citation of these pieces of legislation used hereafter will be “Romanian Data Protection Acts”.

• 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.

Featured documents

• Legal Alert Law no 176 2018 regarding internship programmes

  Key points introduced by Law no. 176/2018 regarding internship programmes:- New rules regarding the internship activities organised by legal persons - Implementation of a new internship agreement for the internship activity... Please see full article below for more information. ...

• Relief for Romanian corporate debtors during the COVID-19 pandemic – implementing norms

  We summarize below the main provisions relevant to corporate debtors. Our summary of GEO 37 is available here. Given the limited scope of GEO 37 and the Norms, debtors may wish to consider whether their interests would be better served by negotiating more wide-ranging amendments to their credit...

• 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,...

• Legal Alert: Amendments to Insolvency Law

  This paper provides a brief overview of the amendments brought to Law No. 85 of 25 June 2014 on pre-insolvency and insolvency proceedings (the Insolvency Law) by the Government Emergency Ordinance No. 88 of 27 September 2018 (the GEO), published in the Romanian Official Gazette No. 840 of 2 October ...

• Romania’s state aid scheme for supporting SMEs and entrepreneurs in the context of the economic crisis generated by the COVID-19 pandemic (the “Scheme”)

  The state aid scheme IMM Invest Romania, initially approved under the Governmental Emergency Ordinance 110/2017 on the Program for supporting small and medium-sized enterprises - IMM INVEST ROMANIA, has been enhanced to address the economic crisis generated by the COVID-19 pandemic....

• 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...

• New Rules on Insolvency – Government Emergency Ordinance 88/2018

  Be aware that: - The new rules apply starting October 3, 2018. - Many of the new rules also apply to ongoing insolvency proceedings....

• Romanian government incentives for new power production capacities

  The recently adopted Government Emergency Ordinance no. 74/2020 (“GEO 74/2020”) was published in the Official Gazette and entered into force on May 19, 2020. This allows over-the-counter transactions for the power produced by new power production capacities as follows....

• Getting out of the title disorder: a brief informal guide to title insurance in Romania

  I remember one of my first difficult title reviews as a lawyer in an international law firm. It was the year 2002; Romania had many unclear rules, and many state-owned companies and many properties had been confiscated by the state during communism. The review was engaging and provocative; however, ...

• COVID-19: Solutions to the challenges faced by companies during the pandemic

  To address the profound impact that the COVID- 19 pandemic has had on the business environment, businesses of all sizes need legal support and advice. To guide you through this new world, Dentons has established a new Task Force in Bucharest, bringing together lawyers from different disciplines to...