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Investing in Romania
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Anti Illicit Trade (“AIT”) – main laws existing in Romania and their application
This short analysis will briefly present the main national legislation in force regarding AIT (as of March 2012), with a focus on those provisions of the Fiscal Code and Customs Code on the matter, as well as on the provisions of the legislation in force sanctioning corruption crimes.
Main nation… read more »
Employment contract concluded between a company and its administrator. Part II: Limited Liability Companies
We have referred, in the November issue of the Journal Consulting Review, to the possibility of concluding an individual employment contract between the joint stock companies and administrators and/or their directors.The conclusion of our analysis was that, following the amendments to the Comp… read more »
Employment contract concluded between a company and its administrator. Part I: Joint Stock Companies.
Successive amendments brought to Law no. 31/1990 on commercial companies (“Company Law”) in 2006 and 2007 expressly limited the ability of such companies to combine the quality of their administrator(s) (or director(s), for joint stock companies) with that of employee(s) of the respectiv… read more »
Some considerations on excise duties and the maximum sale price of tobacco products
Lately, several controls performed throughout the country by the local Excise and Customs OperationsDivisions of the Ministry of Finance (“Divisions”) have resulted in fines not at all negligible for tobaccoproducts producers, importers and distributors, whether we are talking about whol… read more »
A few words about the “termination clauses/covenants” in commercial contracts
No doubt, the subject was treated many times and from multiple perspectives in the specialized literature. However, the frequency with which many persons, not only those without legal training but also a large and worrying number of practitioners prove that they do not master the “termination … read more »
