Category: Corporate Commercial and M&A

A specialized corporate lawyer can take all steps to set up a limited liability company in Romania. What steps will be followed

The incorporation of a Limited Liability Company (LLC) in Romania involves a number of steps, such as verifying the name of the company, selecting the object of activity, filing the incorporation file and registering it. A specialized corporate lawyer, when he is incorporating a limited liability company in Romania, will take all these steps in […]

How to Establish and Incorporate a Limited Liability Company in Romania Using a Corporate Lawyer in Bucharest

What seems to be relevant in the present article is the current legislation in Romania which allows any private or corporate entities to incorporate a limited liability company in Romania. In this regard, the article proposes to give an overview of the legal steps in order to incorporate a limited liability company in Romania by […]

ANCOM press release about the extension of the telephone, Internet and television Agreements

The Agreements for telephone, Internet and television services are extended, usually, either with automatically, for successive periods equal to the initial length of the agreement or for an indefinite period, without the need for a different proceeding from users or providers. Operators can offer the users additional benefits along with the extension (ie. cuts on […]

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Draft order regarding the procedure of registration for VAT

According to the Project, the procedure is applicable for issuing the Decision on registration for VAT of taxable persons which have the headquarter of the economic activity in Romania and performs or intends to carry out an economic activity involving taxable transactions exempted from VAT with right of deduction and / or operations resulting from […]

Timisoara Court of Appeal decision on the refusal of the administrator to convening the General Meetings of the Shareholders at the request of a shareholder

According to the facts of the case brought before the Court, as provided in the Articles of Association of the company – defendant, the director convenes the general meeting of shareholders at least once a year or whenever necessary. Through the same Articles of Association was not performed an embodiment of convening the General Meeting […]

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CJEU. Commercial lease agreements. Right of the anchor tenant to prevent the lessor letting commercial premises to third parties

The request for a preliminary ruling has been made in proceedings between SIA ‘Maxima Latvija’ (‘Maxima Latvija’) and the Konkurences padome (Competition Council) concerning a fine imposed by it on Maxima Latvija for having concluded a series of commercial lease agreements with shopping centres; those agreements containing a clause having an anti-competitive object. By its […]

From 1’st of January 2016 the tax for certain micro enterprises will drop to 1%

So, the general quota of tax revenue for Micro enterprises will continue to be 3%, but, by exception: for Romanian legal entities new  – incorporated having at least one employee, are incorporated for more than 48 months, their shareholders have not owned shareholdings in other legal entities will benefit from a tax rate of 1% […]