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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 [...]

Airline Liable to Employers for Compensation for Delay

The European Court of Justice is having a larger influence on people’s lives than is popularly realised. As is often the case the Court has made a decision which will have an impact on consumers in Europe and perhaps world-wide and which was not picked up by the majority of the consumer press, rather only [...]

How Can Your Lawyer Help Protect You in Romania?

The use of lawyers in Romania has in the past has often been limited to using them for legal advisory and court work. Most clients should consider using their lawyers in other fields in Romania. They should be used not only for legal matters but for commercial matters which have a legal angle. When asked [...]

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 [...]

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 [...]

Why a Mandate Contract

Since 1989 Romania has passed from the command economy of socialism to commerce based on the free market and capitalism. Romanian commercial development really started with the passing of the Company Law (Law 30/1990) which enabled the formation of limited liability companies as well as joint stock companies. This was a first step in the [...]

Twenty Six Years Ago.

It has been drawn to my attention that 26 years ago on the 12th January 1990, it was the first time I came to Romania. I came with a party of ten, including another partner from my law firm in London. He had never been to Romania either. The TAROM plane had left London Heathrow [...]

New Name

I am sorry to advise you that the law firm Hammond, Bogaru and Associates no longer exists. I am continuing in Romania in partnership with Alina Minciu an experienced financing and banking lawyer together with a team of experienced Romanian lawyers. Hammond, Minciu and Associates is a full service law firm specialising in corporate and [...]

By | January 6th, 2016|Categories: Uncategorized|0 Comments

Do not let your heart rule your head

One of the greatest difficulties we have as an international law firm operating in Romania is to explain the clients and potential clients the differences in the Romanian legal system and the system which they may be used to. They seem to think that the law should be the same as in their home country [...]

By | September 4th, 2015|Categories: Romanian Business, Romanian Social Issues, Uncategorized|0 Comments

Romanian Business Angels to Appear

The Business Angel law has now been introduced into the Romanian legal system. Whether it will stimulate investment in new ventures is a question which still has to be answered. It is a step taken by the Government to try and bring new investment into the market. Law no. 120/2015 regarding fiscal facilities granted to [...]