bankruptcy

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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 [...]

Romanian Credit Market

One of the issues I face writing this blog is the question of what to choose this week.  Do I write based on the law firms experience of new cases in Romania the preceding week/months or do I write about new legislation proposed or otherwise.  What is interesting for some is not as riveting for others.  Such [...]

Enhanced debt recovery in Romania

Debt recovery in Romania has caused problems for foreign investors over many years.  I would estimate that questions concerning debt recovery are the third most common request that we receive.  Recoveries of debts in Central Europe including Romania were a byword for Byzantium thinking.  One hears of cases that have been running for at least [...]

They have done it again

One of the quirks of Romanian legislation incorporated in the Constitution is the use of Emergency Ordinances.  The intention originally was for them to be used when Parliament was not sitting and allowed the Government to pass "emergency" legislation which would then be ratified by Parliament later when they were in sitting. Over the last 20 [...]