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Articles, Insolvency, Restructuring and Bankruptcy

How to initiate insolvency procedure against a debtor in Romania?

The insolvency procedure in Romania can be initiated as a result of a request filed to the Court by a debtor in Romania, one or more creditors in Romania, or by individuals or institutions expressly provided by law. According to the regulations of Law No. 85/2014, any creditor in Romania entitled to request the initiation […]

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By : Oct 13, 2023 Comments Off on How to initiate insolvency procedure against a debtor in Romania?
Articles, Civil Law

How to proceed when you are facing a foreclosure in Romania for a prescribed debt?

Foreclosure in Romania represents a legal remedy for the situation in which a debtor does not fully and timely fulfill their payment obligation established by a court decision or another writ of execution in Romania. One very important aspect to note is that the right to obtain a foreclosure in Romania is subject to a […]

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By : Oct 6, 2023 Comments Off on How to proceed when you are facing a foreclosure in Romania for a prescribed debt?
Articles, Corporate Commercial and M&A

How can you enter in Romanian e-cigarette market?

Manufacturers of electronic cigarettes who want to operate on the Romanian e-cigarette market must consider some important aspects in order to carry out the entire activity in optimal and legal conditions. Thus, manufacturers and importers of electronic cigarettes in Romania and refill bottles  notify the Ministry of Health about any product that they intend to […]

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By : Sep 29, 2023 Comments Off on How can you enter in Romanian e-cigarette market?
Articles, Civil Law, Dispute Resolution

What are the steps to follow for the valid conclusion of a sales agreement in Romania? Are the agreements concluded under private signature valid in Romania?

The Romanian legislation establishes a series of conditions regarding the conclusion of sales agreements in Romania. The Romanian Civil Code requires a certain form of conclusion of the sales agreement in Romania depending on the nature of the good whose property is transmitted. The law confers the title of agreement under private signature in Romania […]

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By : Sep 26, 2023 Comments Off on What are the steps to follow for the valid conclusion of a sales agreement in Romania? Are the agreements concluded under private signature valid in Romania?
Articles, Corporate Commercial and M&A, Dispute Resolution, Insolvency, Restructuring and Bankruptcy, White collar crime

Five ways a director (administrator) could be held personally liable in Romania – civil, criminal, debts, removal/dismissal or in case of insolvency

The Romanian legislation provides a series of rules and obligations on the Romanian administrator regarding the conduct of his activity. According to the legislation in force, in Romania, the directors (called administrators in Romania) are personally responsible and liable for the damages caused. On the other hand, the administrator will be personally and jointly and […]

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By : Aug 25, 2023 Comments Off on Five ways a director (administrator) could be held personally liable in Romania – civil, criminal, debts, removal/dismissal or in case of insolvency
Articles, Energy and Natural Resources

Event in Eastern Europe, Romania enacted the law on the integration of hydrogen from renewable sources in the field of industry and transport

According to the new legislative changes in the field of renewable energy in Romania, an important event in this regard is the promulgation of the law on the integration of hydrogen from renewable and low carbon sources in the sectors of industry and transport in Romania. The purpose of the changes is to integrate hydrogen […]

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By : Aug 4, 2023 Comments Off on Event in Eastern Europe, Romania enacted the law on the integration of hydrogen from renewable sources in the field of industry and transport
Articles, Corporate Commercial and M&A, Dispute Resolution

What is your company current approach to litigation in Romania?

In the business field, the emergence of a dispute in Romania can represent a significant challenge as it affects the Romanian company’s reputation, its financial resources and time. Therefore, it is essential for companies in Romania to focus on preventing litigation in Romania rather than dealing with them later, which is why a lawyer specialized […]

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By : Jul 31, 2023 Comments Off on What is your company current approach to litigation in Romania?
Articles

The advantages and disadvantages of arbitration in Romanian commercial disputes

Arbitration, an alternative dispute resolution method, plays an important role in resolving commercial disputes in Romania. In this article, we look at the advantages and disadvantages of using arbitration in commercial disputes in Romania. As distinguished legal professionals of the Romanian law firm Pavel, Margarit & AsociaÈ›ii, we offer a valuable insight into the advantages […]

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By : Jul 31, 2023 Comments Off on The advantages and disadvantages of arbitration in Romanian commercial disputes
Articles

What you need to know before starting a family business in Romania

Launching a family business in Romania can be an exciting adventure, combining the dynamics of entrepreneurship with family ties. However, it is crucial to approach this venture with careful planning and a solid understanding of the legal and financial implications involved. In this article, Romanian law firm Pavel, Margarit & Associates provides valuable information and […]

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By : Jul 26, 2023 Comments Off on What you need to know before starting a family business in Romania
Articles

The role of the Romanian notary in legal transactions

What is the role of a Romanian notary public? In Romania, legal transactions often require the intervention of a notary public to guarantee their validity and legal effect. Romanian law firm Pavel, Margarit & Associates recognizes the crucial role played by notaries in ensuring the integrity of legal transactions. In this article, we explore the […]

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By : Jul 24, 2023 Comments Off on The role of the Romanian notary in legal transactions
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