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Doing Business: Advantages of Incorporating a Company in Romania

With taxes ranging from 1% to 16%, a differentiated VAT depending on the type and field of activity, an accessible incorporation process of a company in Romania, as well as the possibility to access qualified labor force, among others, foreign investors have put Romania on the map of business hubs in Europe. In this context, […]

The New Amendments to the Companies Law in Romania

On July 2, 2020, Law no. 102/2020 for the amendment and supplementation of Companies Law no.31/1990 was promulgated, bringing a series of legislative simplifications regarding the activity of Romanian companies, and it entered into force starting on July 5, 2020. If, up until now, according to Law 31/1990, the process of establishing the registered office […]

Romanian companies in insolvency may prevent creditor’s abuse

Banks, leasing companies or the National Agency for Tax Administration (ANAF) are often creditors of the Romanian insolvent companies. In some cases, ANAF, as well as other creditors act abusively. That’s why it is recommended to insolvent company to hire a lawyer specialized in insolvency and restructuring, which can advise them to prevent abuses, says […]

First steps to be taken by a Romanian company that opened the insolvency proceedings

When a Romanian company opens the insolvency proceedings, it must notify all the creditors and evaluate the capacity of the company to restructure its business. If these measures don’t follow the legal proceedings, the company may face problems that will not allow its reintegration into the economic circuit, say lawyers specialized in corporate and insolvency […]

Many real estate projects in Romania have construction defects. What actions should developers take to be compensated

Sometimes, new real estate projects have construction defects that are not even known by the developer. Once the owners come into possession of the apartments, they may discover patent or latent defects and go against the developer during the defects liability period. Such cases happen because the developer didn’t take the necessary supervising actions, says […]

Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the IFLR1000 rankings for 2020

Pavel, Margarit & Associates Romanian Law Firm was ranked among the best law firms in the country, in the rankings made by the prestigious IFLR1000 (International Financial Law Review), one of the most prestigious law firms guide around the world that ranks law firms with a lot of expertise in Financial and Corporate area. This […]

Pavel, Mărgărit & Associates Romanian Law Firm offered legal advice for the launching of the first peer-to-peer car sharing platform in Romania, perpetoo.com

Pavel, Mărgărit & Associates Romanian Law Firm advised the first peer to peer car sharing platform that was launched in Romania: perpetoo.com. The consultancy involved a series of legal challenges, taking into account that the legislation regulating this segment was not yet finalized at that time, according to the lawyers specialized in the technology, media […]

What problems can arise when incorporating a Limited Liability Company in Romania- STATISTICS

Tens of thousands of Limited Liability Companies are incorporated each year in Romania. Many times, however, the prospective owners do not take into considerations the problems that may arise in the future, especially issues related to shareholders rights and obligations or the firm’s Article of Association. By hiring a lawyer specialized in incorporating LLCs and […]

Radu Pavel, Romanian lawyer specialized in investment’s securities: 5 tips to protect the capital invested in a Romanian company

If an investor or a shareholder wants to invest in a Romanian company and receive a subsequent profit, he will provide a loan to that company. In this respect, it may be concluded a loan agreement or prepayment agreement. But these sort of agreements do not guarantee the security of the investment.  In order to […]

How do you appeal fiscal’s authority decision, after inspection

Very often, tax inspectors decide larger amounts of fiscal debt after a fiscal inspection. However, any fiscal decision issued by Romanian National Agency for Fiscal Administration may be challenged. Sometimes, inspectors make decisions that do not fully comply with the legal provisions. A Romanian lawyer specialized in commercial litigation and administrative law can help you […]