Romanian Law

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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 [...]

New General Data Protection Regulation

As an international lawyer in Romania I am often surprised how, and perhaps in the rest of Europe little attention seems to be paid to Data Protection and the implication of the regulations which are passed both at European Union and National level. We are often asked to advise on Romanian law in this field [...]

By | August 10th, 2016|Categories: Romanian Law|Tags: |0 Comments

Romanian Employment Regulations

Being an employer in any jurisdiction seems to become more complicated as time goes on. I was recently reminded of this when we were advising an international client of the Firm on employment issues in Romania. The Client wished to be fully compliant with Romanian law and practice. As it plants and offices [...]

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 [...]

Romania and the New Insurance Directive

After much debate and discussion the European Parliament and the Council have issued the recast Directive on Insurance Distribution. EU Directive 2016/97 (“Directive”) was issued on the 20th January 2016 and was published in the Official Journal of the European 2nd February 2016. The provisions of the Directive coming into effect 20 days after its [...]

Recovering Your Romanian Investment

Companies have been formed in the past for many reasons in Romania. Over the past few years the Romanian Trade Registry has endeavoured to clean up the number of Romanian dormant or non-trading companies which had been set up in the first flush of a free trade economy as shown on the register. In many [...]

Ash Is The Future of Smoking

In the 1930’s smoking was seen as the “in” thing to do. Social and economic pressure was such that no-one knew or cared about the consequences of smoking. This was also true in the 1950’s and early 1960’s. My own feeling is that it was a case of lack of knowledge other risks rather than [...]

Romanian Agency Agreements

Despite the current slowing down of international trade we as a law firm in Romania dealing with international trade have seen a rise in interest by foreign SME’s in entering into agency and distributorship agreements with Romanian companies. Whilst the foreign SME’s might seek to invoke the laws of their own country many Romanian companies [...]

What Tax Will You Pay on Company Incorporation

One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty five (45) Euros. This is [...]