JD Supra Romania
- Publisher:
- JD Supra
- Publication date:
- 2019-04-29
Publisher
- JD Supra (75)
Law Firm
- Dentons (33)
- Allen & Overy LLP (19)
- International Lawyers Network (7)
- White & Case LLP (2)
- Bilzin Sumberg (1)
- Goodwin (1)
- Fox Rothschild LLP (1)
- Littler (1)
- Fisher Phillips (1)
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.
Featured documents
- 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...
- Legal alert - Recent changes to the employment legislation
Key amendments brought to the employment legislation on 16 November 2017: - Obligation to commence collective negotiations irrespective of the number of employees; - New rules regarding employee representation in the context of collective negotiations......
- News on gender equality treatment in Romania
The Romanian government’s guidelines on how to implement the equal opportunity law entered into force on May 2. Government Decision no. 262/2019 (“Law 202/2002 Norms”) approved the norms for applying the provisions of Law no. 202/2002 on equal opportunity and treatment of women and men....
- 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...
- 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,...
- Romanian DPA Approves Use Of BCRs
Yesterday (27 March 2014) the Romanian DPA approved a decision on the use of Binding Corporate Rules (BCRs)....
- Recent amendments to the Romanian Fiscal Code and their impact on employment relationships
The main amendments brought by Government Emergency Ordinance no. 79/2017 to the Romanian Fiscal Code impacting employment relationships as of 1 January 2018 are the following......
- New rules for advertising games of chance
- Adverts promoting games of chance will fall under the audiovisual restrictive rules for protection of minors - Advertising of betting is expressly allowed during live broadcasting of...
- 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....
- 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....