Ways to prevent insolvency in Romania Insolvency in Romania is that state of a company in Romania when it is financially unable to pay its certain, liquid and exigible debts to creditors, regardless of whether they originate from commercial, labor or any other relations. By adopting the Romanian Law no. 85/2014 on insolvency prevention and […]
Interest on VAT refund claims in Romania The concept of tax disputes refers to disputes in which one of the involved parties is a public authority and the purpose of the litigation is either the total or partial annulment of an administrative act, or compelling the public authority to issue an administrative act or perform […]
Dismissal for reasons not related to the employee in Romania In the modern society, dismissal in Romania is a common process in the professional environment, being a cause of termination of employment relations. The Romanian Labor Code provides two hypotheses of dismissal, respectively dismissal for reasons related to the employee, respectively dismissal for reasons not […]
The Tobacco Products Directive (TPD) represents a set of European legislative rules designed to regulate the marketing and manufacturing of tobacco products, as well as related products such as electronic cigarettes and their liquids in Romania. One of the primary goals of the Tobacco Products Directive (TPD) is to regulate electronic cigarettes and their liquids, […]
The headquarters of a company represents an important identification factor as it serves as the official address of the company and is used for official correspondence, administrative, tax, and legal communications. Therefore, the correct updating of the headquarters in legal documents is essential to ensure the proper reception of correspondence and official notifications. For changing […]
According to the Romanian Law no. 265/2022 on the trade register and for the modification and completion of other normative acts with an impact on the registration in the trade register, so that a professional can carry out economic activity in Romania, it is necessary, first of all, to require the registration of the company […]
Starting in 2024, the Fiscal Code undergoes a series of modifications enacted by Law 296/2023 and Emergency Ordinance 115/2023. These changes encompass various aspects, including the method of calculating the income tax for micro-enterprises in Romania, additional conditions to qualify as a micro-enterprise in Romania, the mandatory adoption of the RO e-Invoice System and an […]
According to the provisions of Law no. 85/2014, to acquire the status of a creditor in the insolvency procedure in Romania, several steps need to be followed, including: notifying the creditors from the list submitted by the debtor, filing the statement of claim within the fixed term established by the decision for opening the insolvency […]
According to the Romanian Law no. 85/2014 on insolvency prevention and insolvency proceedings, insolvency in Romania is that state of the debtor’s assets that is characterized by the insufficiency of the available funds for the payment of certain, liquid and enforceable debts. The insolvency in Romania is presumed when the debtor, after 60 days of […]
The communist period, years 1945-1989, had a major influence regarding a constitutional right, namely the right of ownership in Romania, as properties were abusively taken over by the state. Thus, it was subsequently aimed at developing and implementing measures related to the reclamation of nationalized buildings, given the evolution of the democratic society. The Romanian […]
