Category: Corporate Commercial and M&A

What is the procedure for division of a company in Romania?

According to the Law 31/1990 regarding commercial companies, the corporate division in Romania is made by dividing the patrimony of commercial company in Romania that ends its existence between two or more existing commercial companies in Romania or that thus come into being. The corporate division in Romania is decided by each commercial company in […]

What changes have been made regarding consumer rights in Romania?

By means of Decision no. 686/2022 amending and supplementing Romanian Government Decision no. 947/2000 on the manner to indicate the prices of products offered to consumers for sale, the EU Directive 2019/2161 has been transposed into the Romanian legislation, by which amendments were made regarding new information requirements applicable to online markets, obligations to indicate […]

How to establish the headquarter of the company at the lawyer’s office in Romania?

According to the Romanian Law 31/1990 on commercial companies, the establishment of the headquarter of the companies in Romania is an important element for its functioning. The commercial companies in Romania that have difficulty in finding a place for their headquarter of the company in Romania may proceed to the establishment of headquarter of the […]

How to conclude a share association agreement in the Information Technology (IT) field in Romania?

A joint venture agreement is a contract whereby a person provides, to one or more persons, a share in the benefits and losses of one or more operations that he or she undertakes. In other words, the joint venture agreement is usually concluded between practitioners in Romania, being a form of association between two or […]

What to pay attention to when incorporating a company in Romania according to the new amendments of the Law regarding the Romanian Trade Register as of December 2022

The end of 2022 brought substantial changes by means of Law no. 265/2022 regarding the Romanian Trade Register and for amending and supplementing other normative acts with an impact on the registration in the Trade Register in Romania. Among the amendments that you shall need to pay attention to when you register a company in […]

What amendments have brought the Romanian Law 265/2022 on the Trade Register and for the amendment and completion of other normative acts affecting the registration in the Romanian Trade Register?

Starting with November 26, 2022, Law 265/2022 was adopted in Romania, regarding the Romanian Trade Register and for amending and supplementing other normative acts with an impact on the registration in the Trade Register in Romania. The main substantive changes provided for by Law 265/2022 are: registration in the Trade Register in Romania on the […]

What is the procedure of cancelling a promissory note and appealing against enforcement in Romania?

Being a common financial payment instrument in the relations between professionals, promissory notes in Romania play an important role in discharging from the contractual obligation arising from the contract concluded between the two parties, with the purpose of guaranteeing the payment obligations in Romania. The biggest advantage of the promissory note in Romania is the […]

The Romanian Law Firm Pavel Margarit and Associates successfully assisted the only importer and distributor of the most popular brand of Premium paints in Romania against a Romanian company which object of activity is real estate construction and sale of wood products in Romania

The Romanian Law firm Pavel Margarit and Associates successfully assisted the only importer and distributor of the most popular brand of premium paints in Romania against a Romanian company, which object of activity is real estate construction and sale of wood products Romania, in order to recover some amounts of money contained in the tax […]

How to import tobacco products from a country outside EU to Romania?

Any company or entrepreneur who wants to import tobacco products from a country outside EU to Romania, raw tobacco or processed tobacco originating from its own import operations in Romania, from own intra-community acquisitions or from intern production, they must be authorized as an importer and have the quality of authorized importer of tobacco products […]

How do Romanian Litigation Courts interpret the non-fulfillment of the contractual obligations in unexpected situations? Force majeure -Covid pandemic, Ukraine war, Suez Canal, price increase-

In the last few years in Romania, there have been various external events such as the Covid-19 pandemic, the war in Ukraine or the Suez Canal crisis, which have determined various economic imbalances which have led to the non-fulfillment of the contractual obligations due to the hardship, force majeure or unforeseeable circumstances, in Romania. In […]