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Category: Corporate Commercial and M&A

management contract in Romania

Management contract in a Romanian company

What are the duties of an administrator in Romania? In a Romanian company, its activities are governed by the Romanian company law, specifically Law 31/1990, and are individualized in the articles of association. The articles of association is the primary instrument that establishes aspects related to the management of a Romanian company, its operation, the […]

Procedure for registration of ubo’s

Everything you need to know about ultimate beneficial owners of a company in Romania In the current regulatory concerning anti-money laundering (AML) in Romania and counter-terrorist financing (CTF) measures, transparency in the ownership structure of companies is paramount. In Romania, Law No. 129/2019 mandates the declaration and registration of the beneficial ownership of companies under […]

types of contracts

What types of contracts does a company in Romania conclude?

What types of contracts does a company in Romania conclude? Depending on its activity, a company in Romania enters into various types of contracts, these being the instruments that guarantee the existence of a legal commercial relationship. It is important that in a commercial relationship, the parties are aware of their rights and obligations, as […]

partnership agreement

The partnership agreement in Romania

Partnership agreement for avoiding disputes between shareholders in Romania A partnership agreement in Romania is an essential tool in the operation of a company in Romania, as this document establishes the basic rules between shareholders, regulating each party’s rights and obligations and preventing conflicts that may arise among shareholders. Pavel Mărgărit and Associates Romanian Law […]

administrator liability in Romania

Responsabilities of an administrator in Romania

Engaging administrator sole liability for tax obligations In a company in Romania, administrators perform key duties to ensure that the economic activity in Romania of the company in Romania operates efficiently and legally, bearing significant responsibility for managing the company in Romania. According to the provisions of the Companies Law No. 31/1990, administrators are liable […]

business building

Corporate lawyer. Transfer of shares in an LLC in Romania

Commercial lawyer in Romania. The transfer of shares in the event of the death of a shareholder in Romania Any company, once established, undergoes various changes within its structure, including those related to shares in Romania. There are multiple situations in which the transfer of shares in Romania is realized. In practice, the issue of […]

E-Transport system in Romania

Corporate Lawyer in Romania. E-Transport System in Romania

E-Transport lawyer in Romania. Legal updates regarding E-Transport System in Romania The E-Transport system in Romania has recently undergone a series of legislative changes aimed at improving efficiency and transparency in the transport sector. These changes reflect the continuous efforts of authorities to adapt the legal framework to the current market needs and to promote […]

public procurement

Public procurement lawyer. Public procurement – Stages

Public procurement lawyer in Romania. Stages of the public procurement procedure in Romania The notion of public procurement in Romania encompasses the acquisition of works, goods, or services through public procurement contracts in Romania by contracting authorities in Romania from designated economic operators, regardless of whether the works, goods, or services are intended for public […]

Share transfer in Romania

Corporate Lawyer. Share transfer in Romania

General aspects of share transfer in Romania The transfer of shares in Romania is the method by which ownership of shares held by a shareholder in a limited liability company (LLC) is transferred to an individual or a company as a result of concluding a share transfer agreement in Romania. To carry out an assignment […]

Excluding associates from an LLC

Corporate litigation lawyer. Exclusion of a shareholder in Romania

How can a shareholder be excluded from a company in Romania? During commercial activities, different situations may arise where shareholders are excluded from a company, either due to a unilateral decision, internal disputes or changes in business perspectives. The procedure of exclusion of a shareholder in Romania is expressly regulated by Law no. 31/1990 on […]

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