- Regarding the bill of exchange issued in Romania, the payment amount is written in letters and numbers; in case of differences, the amount of payment written in letters shall prevail. If the payment amount is written several times, either in letters or numbers, the payment amount is the lower amount.
- If the bill of exchange issued in Romania bears the signatures of the incapables, false signatures or signatures which for any other reason cannot bind the persons who signed the bill of exchange or in whose name it was signed, the obligations of the other signatories remain valid in Romania.
- Any actions resulting from bills of exchange issued in Romania against the acquirer are prescribed within 3 years, calculated from the due date.
- The Romanian administrative-fiscal documents issued in electronic form by the central fiscal body are communicated by electronic means through the “Virtual private space” service, hereinafter referred to as VPS, available on the Romanian Tax Authoritys website.
- In case of using the VPS, no other way of communication of the Romanian administrative-fiscal documents is used.
- The natural person, legal person and other entities without legal personality have access to VPS, directly or through their legal representatives.
- The natural person, legal person or other entities without legal personality may request the t of the use of the VPS.
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PhD. Radu Catalin Pavel is the Managing Partner and Founder of Pavel, Margarit & Associates Romanian Law Firm. Within more than 17 years of sophisticated and diverse business practice, Radu gained an extensive expertise especially in M&A, Corporate and Commercial field, assisting and providing world-class legal services to the firm top clients.