Romanian companies

/Tag:Romanian companies

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 [...]

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 [...]