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administrator liability in Romania
Articles, Corporate Commercial and M&A, Tax Law

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 […]

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By : Sep 6, 2024 Comments Off on Responsabilities of an administrator in Romania
branch in Romania
Articles, Corporate Commercial and M&A

Branch in Romania

How to incorporate a branch in Romania? According to the Romanian Companies Law no. 31/1990, the branch in Romania is an entity without legal personality, being a dismemberment of a company in Romania. It is necessary that before starting the economic activity in Romania, the branch is registered with the Romanian Trade Register of the […]

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By : Feb 2, 2024 Comments Off on Branch in Romania
Insolvency in Romania
Articles, Insolvency, Restructuring and Bankruptcy

Insolvency prevention in Romania

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 […]

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By : Jan 26, 2024 Comments Off on Insolvency prevention in Romania
Articles, Corporate Commercial and M&A

What aspects should you take consider into consideration when incorporating a company in Romania in 2024?

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 […]

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By : Jan 10, 2024 Comments Off on What aspects should you take consider into consideration when incorporating a company in Romania in 2024?
Articles, Insolvency, Restructuring and Bankruptcy

Procedure for filing bankruptcy in Romania

Any company in Romania is established to carry out economic activity in Romania, but when it fails to meet its commercial commitments, certain legal procedures may intervene aimed at the recovery of economic activity in Romania or the immediate liquidation of the company in Romania, when it is confirmed that there is no chance of […]

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By : Oct 27, 2023 Comments Off on Procedure for filing bankruptcy in Romania
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