Everything you need to know about ultimate beneficial owners of a company in Romania In the current regulatory concerning anti-money laundering (AML) in Romania and counter-terrorist financing (CTF) measures, transparency in the ownership structure of companies is paramount. In Romania,…
Debt recovery through writ of payment in Romania In an obligation-based relationship, situations may arise where one of the parties fails to fulfill their assumed obligations. In such a case, creditors have the possibility to enforce their claim rights through…
What types of contracts does a company in Romania conclude? Depending on its activity, a company in Romania enters into various types of contracts, these being the instruments that guarantee the existence of a legal commercial relationship. It is important…
Partnership agreement for avoiding disputes between shareholders in Romania A partnership agreement in Romania is an essential tool in the operation of a company in Romania, as this document establishes the basic rules between shareholders, regulating each party’s rights and…
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…
Companies mediating online payments must obtain BNR authorization Legal entities involved in online payment processing or online payment processors must obtain authorization from the National Bank of Romania or BNR, according to the new amendments to BNR Regulation No. 4/2019…
Property boundary disputes, conflicts with real estate developers and price recovery from sale and purchase agreements Real estate disputes in Romania are becoming increasingly common as the real estate market in Romania continues to develop rapidly. Among the most common…
Action for tort liability in Romania To ensure that fundamental rights are respected, the Romanian legislator has regulated the concept of civil liability in Romania in the Romanian Civil Code, so that when a person suffers damage as a result…
Legal aspects of the usufruct agreement in Romanian civil law The usufruct agreement in Romania grants a person (usufructuary in Romania) the right to use and benefit from the fruits of a property belonging to another person (bare owner in…
What to pay attention to when concluding a marketing service agreement in Romania? In contemporary society, marketing service agreements in Romania are commonly used among companies and entrepreneurs who want to promote their activities or services. A marketing service agreement…
