Romanian Business

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Data Protection – The Romanian Approach

In April 2016, the European Union adopted the EU Regulation 2016/679 (General Data Protection Regulation – GDPR) on the protection of natural persons with regard to the Processing of Personal Data and on the free movement of such data, and the subsequent repeal of Directive 95/46/EC The GDPR is to apply starting on [...]

By | September 19th, 2017|Categories: Intellectual Property, Romanian Business, Romanian Law|0 Comments

Romanian Product Warranties

As part of Romania’s continued movement towards a fully integrated European Union country there has been a steady movement towards increasing consumer protection.  Suppliers of goods and services have become aware of the duties they owe their customers whether they be private individuals or a commercial buyer. The legislation covering the liability of [...]

Transfer Pricing in Romania

Transfer pricing is becoming more and more of an issue in Romania.  Although not a member yet of OECD Romania has tried in many cases to follow the rules of the OECD.  A number of recent treaties against Double Taxation follow the OECD recommended format. One of the areas in which the OECD [...]

By | February 27th, 2017|Categories: Romanian Business, Romanian Law, Romanian Taxes|0 Comments

The position of an administrator in a limited liability company in Romania

This article is intended to clarify some of the questions which arise regarding the role powers and authority of an administrator in a Romanian company.  The powers of the administrator in a Romanian limited liability company are not that extensive in comparison to the powers of administrators of other companies in Europe or [...]

To be or not to be an Employee

Romania being Romania has a different approach to directors of companies and their relationship with such companies.  It is very easy for someone not from Romania to use the word director.  The word director has a different meaning in Romanian commercial parlance.  A director is more akin to a manager.  They do not [...]

Romanian Company Formation

The first question international clients usually ask us as lawyers in Romania is how long will it take to incorporate a company.  As an experienced law firm that should be an easy question to answer, but like most things in the current business world, the answer is not as simple as the question [...]

New Directive in EU Law on Trade Secrets and Know-how

One of the many questions we are asked as a law firm in Romania advising foreign clients is the question regarding the protection of know-how and Trade Secrets and what protection is there in Romania. Whilst the protection of Know-how and Trade Secrets is usually covered in local law there is often confusion as to [...]

Redundancy Revisited

Although Romania is going through a period of economic expansion there are still occasions where for a variety of reasons including economic reasons it is necessary for an employer to make employees redundant. This situation of redundancy is covered in the Romanian Labour Code. According to the Code, an employee maybe dismissed in the case [...]

Residence and Work permits for Non EU Citizens

With the increase of foreigners wishing to come to Romania and Europe to work we are ask regularly as to what is the position for non-EU citizens concerning work permits and residency. The position of the employment of Non-EU employees is governed in Romania by the provisions of EU Directive 2011/98/EU and Romanian government emergency [...]

Consumer Protection and Gambling in Romania

From our experience as lawyers based in Romania we often point out to our clients involved in the gaming industry that the notion of "consumer protection" is no stranger in their industry. On the contrary it represents a constant concern of the European legislators and has recently become a major topic on the agenda at [...]