Pavel Margarit and Associates Romanian law firm Archives - Page 7 of 7

Can we terminate a contract/agreement if our client enters in the insolvency procedure in Romania?

Executive summary: The termination of the ongoing contract/agreement at the date of the opening of the insolvency proceedings shall be of interest to each contracting party, whether creditor or debtor, professional bodies or not. Thus, according to the insolvency law, all ongoing contracts/agreements at the date of opening the insolvency proceedings are considered maintained, and […]

By : Jan 11, 2022 Comments Off

Corporate Commercial and M&A

Doing Business: Advantages of Incorporating a Company in Romania

With taxes ranging from 1% to 16%, a differentiated VAT depending on the type and field of activity, an accessible incorporation process of a company in Romania, as well as the possibility to access qualified labor force, among others, foreign investors have put Romania on the map of business hubs in Europe. In this context, […]

By : Sep 15, 2020 Comments Off

Articles, Dispute Resolution, White collar crime

The criminal liability of physicians for bribery

So, the physician employed under a labor agreement in a hospital of the public health system is assimilated to a civil servant who, permanently or temporarily, with or without remuneration, is performing a public dignity or has a public office of any kind, in the acceptance of the High Court of Cassation and Justice. As […]

By : Jun 11, 2017 No Comment

Articles, Corporate Commercial and M&A

What limit of exemption from VAT shall be applied to Companies in 2015?

According to the Decision, Romania was authorized to grant an exemption from payment of VAT for the taxable persons whose annual turnover does not exceed the equivalent in national currency of the amount of 65,000 Euros, at the exchange rate of its accession to the European Union. This Decision was approved at the request of […]

By : Jun 11, 2017 No Comment