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Articles, Corporate Commercial and M&A

It was adopted the Law No. 120/2015 regarding the stimulation of individual investors – business angels

The companies, in which shares may be purchased, must meet the following conditions: to be constituted as limited liability companies under Art. 2 of the Company Law No. 31/1990, republished, with subsequent amendments; to be independent companies in the sense of Law no. 346/2004, with subsequent amendments; not be in default or insolvent or bankrupt […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Corporate Commercial and M&A

Changing of the Law on Unfair Competition and other acts in the field of competition

According to the amendments of the above mentioned Law, there were amended the fines for the offenses committed by individuals, which are between 5,000 lei and 10,000 lei, by individual being understood “any current or former employee / representative of a company or any other person who commits unfair competition practices and offenses stipulated in […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Corporate Commercial and M&A

ANAF rejects the application for registration for VAT purposes of administrators who belong or have been part of companies with outstanding debt to the state budget

As a consequence, there were modified the criteria underlying the registration for VAT purposes, motivated by the fact stated by ANAF representatives, namely that “it is limited the access on the market for the companies with escapist behavior, and for the persons involved in networks of fraud or with a previous fiscal behavior contrary to […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Employment and Labour Law

Days of May 31, 2015 and June 1, 2015 – statutory holidays. What rights do employees have in these days?

However, the Labor Code provides exceptions for certain categories of employees who do not benefit from the legal holidays in which they do not work, respectively in the workplaces in which the work cannot be interrupted due to the nature of the production process or specific activity. Also, the Labor Code mentions that, by Government […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Real Estate and Construction

Order on approving the Procedure for the exercise of state control for market surveillance of construction products

State Construction Inspectorate is the authority for market surveillance for all products for construction, except for fixed firefighting equipment – stationary equipment for alarm / fire detection, fire fighting, fire and smoke control and explosion protection. According to the Order, the checks regarding construction products market surveillance concern the following: a) identification details of the […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Banking and Capital Markets

A new decision on denomination of CHF ordered by the Targu – Jiu Court

The court admitted the claim, noted the unfairness of the contractual clauses inserted in the loan agreement and absolute nullity of these clauses. It also ordered the removal of these clauses from the contract and also ordered the defendant to refund the amounts collected by way of management fee and processing fee, amounts updated until […]

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By : Jun 11, 2017 No Comment
laptop lawyer property law
Articles, Banking and Capital Markets

Taxation of the tip canceled by the Senate Budget Committee

  The Government Emergency Ordinance No. 8/2015 on amending and supplementing Government Emergency Ordinance No. 28/1999 regarding the obligation of traders to use electronic cash machines are to be modified in order to eliminate the provisions relating to taxation of the tip and will be sent to the Senate for approval, entering the Senate plenary […]

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By : Jun 11, 2017 No Comment
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