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Schoenherr Attorneys at Law
The Romanian legislation on the sale of farmland has been significantly amended. The new provisions were enacted with the declared aim of consolidating...
Schoenherr Attorneys at Law
A series of minor yet impactful amendments were introduced to the Romanian Companies Law through Law No. 102/2020, which came into force on 5 July 2020, ...
Eurofast
On the 2nd of July 2020, after an almost six month wait, the law that allows for the de-bureaucratisation of company incorporations in Romania, was finally published in the National Gazette.
Kinstellar
Romanian authorities unceremoniously ended the partnership with the previously selected state-owned Chinese company, China General Nuclear Power Corporation, ...
Kinstellar
3 July 2020 – The Romanian parliament has amended Law no. 31/1990 on companies through the newly enacted Law no. 102/2020 (the "Law")...
Kinstellar
In the context of the restrictions imposed by the authorities in Romania to prevent the spread of COVID-19, the government has enacted Government Emergency Ordinance 62/2020.
Dentons
One of the key amendments provides that starting now any natural or legal person can be a sole shareholder in more than one limited liability company.
Schoenherr Attorneys at Law
Under the Companies Law, directors are prohibited from disclosing confidential information and trade secrets to which they have access in their capacity as a director.
Schoenherr Attorneys at Law
This is especially troublesome when shareholders aim to regain full ownership of the company.
Schoenherr Attorneys at Law
Of the five types of corporation that may be established under Romanian law, joint stock and limited liability companies ...
Schoenherr Attorneys at Law
The Companies Law expressly permits claims against the validity of certain corporate resolutions with respect to shareholder decisions.
Schoenherr Attorneys at Law
This paradigm has changed and companies can now opt to distribute their dividends annually or quarterly.
Wolf Theiss
As of 15 July 2018, Romanian companies are allowed to distribute dividends to shareholders either quarterly or annually. The new system regarding quarterly distribution of dividends ...
Schoenherr Attorneys at Law
The squeeze-out of minority shareholders in closely held companies is one of the most controversial issues in Romania, having led to many debates both in and out of court.
Schoenherr Attorneys at Law
The corporate functioning rules for joint stock companies have been repeatedly altered by Romanian legislation, especially in relation to the governing structures of companies, such as shareholders' assemblies and management bodies.
Buzescu Ca
The legal vehicles mostly used by the investors in Romania are the limited liability company (LLC), joint stock company (JSC), the branch, and the Representative Office.
Schoenherr Attorneys at Law
Since the beginning of 2015, a number of legislative changes were enforced regarding the VAT registration of Romanian companies established in accordance with Company Law no. 31/1990.
Schoenherr Attorneys at Law
At the end of 2014, the Romanian parliament passed a law whose main purpose is to dissolve the Rasdaq market and unlisted securities markets.
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