International Lawyers Network (JD Supra Romania)
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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...
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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...
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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,...
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Sexual Harassment In The Workplace: What Romanian Companies Need To Know
In Romania, issues regarding gender discrimination, gender equality (including in the work place) and the banning of sexual harassment, are regulated through a number of legislative acts, such as the Romanian Labour Code, the Romanian Criminal Code and Law no. 202/2002 On Equal Opportunity for, and Treatment of, Men and Women. As a result of the #MeToo movement, but also as a result of the...
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Bankruptcy, Insolvency & Rehabilitation Proceedings In Romania
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,...
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Establishing A Business Entity In Romania
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...
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Buying and Selling Real Estate in Romania
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...