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Pavel Margarit & Associates

How to initiate insolvency procedure against a debtor in Romania?

The insolvency procedure in Romania can be initiated as a result of a request filed to the Court by a debtor in Romania, one or more creditors in Romania, or by individuals or institutions expressly provided by law. According to the regulations of Law No. 85/2014, any creditor in Romania entitled to request the initiation […]

Juridical Updates 23 October 2023

Romanian Order no. 1612/2023 regarding the documents that can be requested according to art. 61 para. (5) from the annex to the Romanian Government Decision no. 479/2003 on the approval of the Methodological Norms for the application of the Romanian Government Emergency Ordinance no. 28/1999 on the obligation of economic operators to use electronic fiscal […]

Juridical Updates 06 October 2023

The Romanian Decision no. 865/2023 for the amendment and completion of the Methodological Norms for the application of the provisions of the Romanian Government Emergency Ordinance no. 111/2010 on leave and monthly allowance in Romania for raising children, approved by the Romanian Government Decision no. 52/2011 For granting the child raising allowance from the date […]

How to proceed when you are facing a foreclosure in Romania for a prescribed debt?

Foreclosure in Romania represents a legal remedy for the situation in which a debtor does not fully and timely fulfill their payment obligation established by a court decision or another writ of execution in Romania. One very important aspect to note is that the right to obtain a foreclosure in Romania is subject to a […]

How can you enter in Romanian e-cigarette market?

Manufacturers of electronic cigarettes who want to operate on the Romanian e-cigarette market must consider some important aspects in order to carry out the entire activity in optimal and legal conditions. Thus, manufacturers and importers of electronic cigarettes in Romania and refill bottles  notify the Ministry of Health about any product that they intend to […]

What are the steps to follow for the valid conclusion of a sales agreement in Romania? Are the agreements concluded under private signature valid in Romania?

The Romanian legislation establishes a series of conditions regarding the conclusion of sales agreements in Romania. The Romanian Civil Code requires a certain form of conclusion of the sales agreement in Romania depending on the nature of the good whose property is transmitted. The law confers the title of agreement under private signature in Romania […]

Juridical Updates 08 September 2023

Order No. 301/2023 approving the Procedure for the implementation of the program for the organization of the Small and Medium-sized Enterprises Fair Considering: Based on the provisions of Article 57, paragraph (1) of Government Emergency Ordinance No. 57/2019 on the Administrative Code, with subsequent amendments and completions, the Minister of Economy, Entrepreneurship, and Tourism issues […]

Juridical Updates 04 September 2023

1.Order No. 6072/2023 approving transitional measures applicable to the national pre-university and higher education system Considering the provisions of Article 248, paragraph (2) of Law no. 198/2023 on pre-university education, as well as the provisions of Article 260, paragraph (2) of Law no. 199/2023 on higher education, Based on Article 13, paragraph (3) of Government […]

Juridical Updates 28 August 2023

Order No. 2192/2023 for the approval of the Funding Guide of the Program for improving air quality and reducing greenhouse gas emissions by using less polluting vehicles such as electric, hybrid, and compressed natural gas microbuses for student transport Considering the Approval Memorandum of the Environmental Fund Administration No. 59/ALA dated 11.07.2023 of the Funding […]

Five ways a director (administrator) could be held personally liable in Romania – civil, criminal, debts, removal/dismissal or in case of insolvency

The Romanian legislation provides a series of rules and obligations on the Romanian administrator regarding the conduct of his activity. According to the legislation in force, in Romania, the directors (called administrators in Romania) are personally responsible and liable for the damages caused. On the other hand, the administrator will be personally and jointly and […]

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