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 [...]
Romania was a very different country when I came in 1990 to today. In fact, Romania has come not only a long way since 1990 but has come a further long way in the last twelve to eighteen months both in economic as well as political and social terms which I can attest [...]
Now to some people in Romania penalties only relate to rugby or football. But to a lawyer they have a more significant role in contract law. We have noted in the past the confusion regarding penalties not only in the minds of investors from the United Kingdom and the United States of America but also [...]
During the last period we have received enquiries concerning property transactions and property led transactions all of which arose out of property purchases prior to 2009. Many investors both foreign and local made purchases during those times which they now regret. The reasons for this regret are many but they now have to deal with [...]
Despite the recent scandals in the Romanian political class 2015 looks for the economy at least being a year to celebrate. Economic activity in Romania is on the increase and therefore M&A business for Romanian law firms will increase. As though anticipating this last year the Romanian Competition Council (the “Council) revised its merger control rules [...]
One of the biggest complaints about Romania which we Romanian lawyers hear from clients concerns the constant changing of legislation. This is not only applicable in the field of taxation and finance but also in other areas which affect business. True to form a new law has been issued amending the Labour Code. The Romanian [...]
Since my last post touching on the above I have received a number of enquiries concerning this aspect of Romanian law. To try and answer those questions as all good Romanian lawyers do, I have prepared a more extensive analysis of the position. Rather than bore everyone with a long post I have divided it [...]
The employee always remains the employee of the agency and does not become an employee of the client company. This means that the agency is responsible for all taxes and social security payments and deductions whilst at the same time receiving a fee from the company to whom the temporary employee was seconded.