JD Supra Romania

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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

• Overview of Romanian Employment Law

  Since 2000, Romania has been the recipient of significant foreign investment, garnering more foreign investment than any other central and southeastern European country. In addition to its central location, Romania has a well-educated workforce and low labor cost as compared to other European Union ...

• Legal Alert: CfD Energy Sector in Romania

  The Ministry of Energy has recently published for public debate a study describing the general principles for the implementation of a support mechanism through contracts for difference (CfD) production of electricity with low carbon emissions....

• 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....

• Bucharest Office Newsletter — Energy

  A New Energy and Gas Law No. 123/2012 has been published in the Romanian Official Gazette No. 485 dated 16 July 2012. The main objective of this New Law is to implement in the Romanian legislation the provisions of the Third Energy Package: (i) Directive 2009/72/EC of the European Parliament...

• Organizations and their Conflicts

  Some Considerations on Overcoming Difficulties in Business Relationships - The life of organizations, like that of individuals, is often an odyssey across a sea of conflicts. Some conflicts are small, some are large scale; some conflicts are frequent and some are rather rare; some are justified, ...

• Recent amendments to Romania’s Insolvency Law

  The Romanian Parliament recently passed amendments to the Insolvency Law no. 85/2014. Some of the more prominent ones are: The amendments were introduced by Law no. 113/2020 on the approval of the Government Emergency Ordinance no. 88/2018....

• Romanian DPA Approves Use Of BCRs

  Yesterday (27 March 2014) the Romanian DPA approved a decision on the use of Binding Corporate Rules (BCRs)....

• Key amendments to the rules for day workers

  Extended number of activity fields where day workers can be contracted - Social insurance contributions owed for day workers - Additional rest leave days for employees undergoing in vitro fertilization procedures ...

• Romania’s National Plan for Investment and Economic Recovery – Update

  To implement the National Plan for Economic Recovery, the Romanian government has enacted Government Emergency Ordinance no.130/2020 on certain measures for granting financial support from external non-repayable funds (“GEO 130”). The support scheme provides €1 billion in grants to various sectors...

• Foreign Investment In The U.S. Through Romania Just Became More Interesting

  All “modern” income tax treaties concluded by the United States contain a “Limitation on Benefits” (LOB) provision. The purpose of such a provision is to prevent “treaty shopping.” Romania is one of the few remaining countries that have comprehensive income tax treaties with the United States that ...