The main object of activity is the basic activity that a company carries out. This object of activity may be changed, on the condition that such change is registered with the Romanian Trade Registry where the company is also registered.…
Romanian limited liabilities companies and joint stock companies can change their Directors at any time by the decision of the sole shareholder/associate or the decision of the general meeting of shareholders/associates, and this change must be registered with the Romanian…
The share capital of a Romanian Limited Liability Company (LLC) cant be less than 42 euros (200 Romanian lei), but there is no maximum limit for it. Social capital may be increased at any time. This change must be registered…
About 26,400 notifications for the restitution of buildings in Romania, based on Law 10/2001, submitted by former owners to the National Authority for Restitution of Properties in Romania five years ago, and unsolved yet, may go to Court starting with…
When a new shareholder makes an acquisition of shares in a company in Romania, he becomes the shareholder of the company by the transfer of shares. The new shareholder has a participation to the benefits and loses of the company,…
We are again going through a boom in the real estate market in Romania, and the number of transactions is rising from one year to another. In the transaction, property acts are checked by notaries, but there are many other…
Pavel, Margarit & Associates Romanian Law Firm is one of the best law firms in Romania, according to the rankings realized by the most prestigious legal publication in the world, Legal 500, based in London. Recognized as Leading Firm in…
Pavel, Margarit & Associates Romanian Law Firm assisted the British company Vast Resources Plc, listed on the London Stock Exchange, which has several mining exploitations in Romania, in the first phase of a prepayment agreement with Mercuria Energy Trading SA,…
Debt recovery is still a legal matter of interest in the Romanian business environment, as many companies face financial difficulties or simply refuse to pay their debts. Tens of thousands of Romanian companies are still in insolvency, benefiting from Insolvency…
Late payment of debts was a common legal issue in the business environment during and after the financial crisis. The ingenuity shown by debtors in order to avoid paying debts is huge, point out the specialized attorneys in debt collection…
