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 in corporate, commercial law, and litigation in Romania can help prevent potential litigation in Romania by reviewing agreements in Romania and managing the Romanian company’s legal activities.
The directors of companies in Romania shall take responsibility for their position and be aware of their obligations considering that, according to the provisions of the Civil Code, the directors of companies in Romania are personally liable to the company for damages caused by the violation of the law, breach of mandate, or negligence in the administration of the Romanian company. In other words, the directors of companies in Romania can be held personally liable for any damages caused to the company in Romania due to their actions, omissions or negligence in Romania.
The directors of companies in Romania are responsible for representing the company in the contractual relationship with third parties in Romania, including entering into agreements on behalf of the Romanian company and managing bank accounts in Romania. Additionally, the directors of companies in Romania shall take care of the financial-accounting record of the company’s operations in Romania and the shareholders registry in Romania. The legal documents and actions performed in the exercise of their duties may lead to different forms of liability in Romania for the directors of companies in Romania, such as civil, criminal, administrative fines, as well as in case of insolvency proceedings in Romania.
To avoid conflict situations and costly litigation in Romania, the Romanian Law Firm Pavel, Mărgărit & Associates recommends contacting a lawyer specialized in corporate, commercial law and litigation in Romania who can provide legal advice and representation in alternative dispute resolution solutions in Romania.
If the company is facing litigation in Romania and legal action in Romania, the directors of companies in Romania shall carefully approach the stage of drafting, preparing and substantiating the lawsuit in Romania with the assistance of a lawyer specialized in corporate, commercial law, and litigation in Romania in order to include all relevant information to support the company’s position in the case. On the other hand, if the company in Romania is being sued, this may involve preparing a strong defense, providing necessary documents and evidence, complying with court deadlines in Romania and closely working with a lawyer specialized in corporate, commercial law, and litigation in Romania in order to reach a favorable outcome.
The Romanian Law Firm Pavel, Mărgărit & Associates provides high-quality legal services to protect the interests of a company and recommends for the directors of companies in Romania to consider alternative dispute resolution solutions in Romania to avoid lengthy lawsuits, minimize potential damages and contribute to efficient business management in Romania. The team of lawyers specialized in corporate, commercial law, and litigation in Romania is well-prepared to provide legal advice and assistance in all legal aspects that the administrators of companies in Romania may face.
The Romanian law firm’s clients are foreign and top local companies and high worth individuals. In 2023, the success stories of the Romanian Law Firm have brought recognition from the most prestigious international guides and publications. The firm was ranked third place in Romania by the Legal 500 publication. The Romanian law firm is also recognized by IFLR 1000 Financial and Corporate Guide 2023. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm can be found on the website www.avocatpavel.com
Preventing litigation is crucial for companies in Romania as it safeguards their reputation, financial resources, and valuable time. Litigation can be costly, time-consuming, and can negatively impact the company’s operations and image, making it essential to focus on proactive measures to avoid legal disputes.
According to the provisions of the Civil Code in Romania, directors of companies are personally liable to the company for damages caused by violating the law, breaching their mandate, or negligence in the administration of the company. This means that if their actions, omissions, or negligence lead to harm to the Romanian company, they can be held personally accountable.
A specialized lawyer in corporate, commercial law, and litigation can play a crucial role in preventing potential litigation in Romania. They can review agreements, manage legal activities, and advise businesses on complying with regulations and best practices. Additionally, in case of legal disputes, such a lawyer can provide legal representation, help with alternative dispute resolution, prepare strong defense strategies, and guide businesses through court procedures to achieve favorable outcomes.