• TAX LAW: NEW CHANGES

    TAX LAW: NEW CHANGES

    06.11.2018

    Given that all taxpayers obliged to file the unique statement concerning the income tax and social security contributions must benefit equally from the bonuses granted for the advance payment of their tax obligations.
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  • STATE AID FOR THE DEVELOPMENT OF INNOVATIVE IT&C TOOLS AND SERVICES

    STATE AID FOR THE DEVELOPMENT OF INNOVATIVE IT&C TOOLS AND SERVICES

    06.11.2018

    The purpose of the scheme is also to facilitate collaboration between specialized IT&C companies and clusters, so as to ensure quick and easy access to the implementation of results from research and development activities, in order to obtain innovative tools.
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  • INSOLVENCY PROCEEDINGS: LEGAL CHANGES

    INSOLVENCY PROCEEDINGS: LEGAL CHANGES

    06.11.2018

    The effects of insolvency are felt not only by the company subject to insolvency proceedings, but also at the macroeconomic level. The large number of companies in insolvency proceedings, reorganization or bankruptcy, having an overall debt of over 63 billion Lei towards the State budget, has determined the change in legislation in the field.
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  • PARENTAL LEAVE AND PARENTAL LEAVE ALLOWANCE: NEW CHANGES

    PARENTAL LEAVE AND PARENTAL LEAVE ALLOWANCE: NEW CHANGES

    06.11.2018

    Good news for young mothers who earn income from intellectual property rights. These earnings will be again taken into account when calculating the amount of the parental leave allowance, after they were inexplicably excluded earlier this year. This change is provided by Government Emergency Ordinance (OUG) no. 81/2018, published in Official Journal no. 792 of 17 September 2018, amending Government Ordinance no. 111/2010 on parental leave and parental leave allowance.
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  • CADASTRE AND REAL-ESTATE REGISTRATION: NEW LEGISLATIVE CHANGES

    CADASTRE AND REAL-ESTATE REGISTRATION: NEW LEGISLATIVE CHANGES

    04.10.2018

    (Français) L’absence du cadastre et les problèmes liés à la superposition des terrains et à l’identification des propriétaires peuvent représenter l’un des principaux obstacles à l’expansion de l’investissement immobilier.
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  • INTERNSHIP LAW: A LAW BENEFICIAL BOTH FOR THE YOUNG AND FOR COMPANIES

    INTERNSHIP LAW: A LAW BENEFICIAL BOTH FOR THE YOUNG AND FOR COMPANIES

    04.10.2018

    (Français) La pénurie de main-d'œuvre et le phénomène alarmant de la migration des jeunes vers d’autres pays de l’Europe de l’Ouest sont les principaux facteurs ayant déterminé l'adoption de plusieurs dispositions légales visant principalement la flexibilité et la modernisation de la législation du travail. Parmi ces dispositions, la loi relative aux stages (Loi n° 176 du 17 juillet 2018), qui est entrée en vigueur à la mi-août, mérite l'attention des employeurs.
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  • CADASTER AND REAL-ESTATE REGISTRATION: NEW LEGISLATIVE CHANGES

    CADASTER AND REAL-ESTATE REGISTRATION: NEW LEGISLATIVE CHANGES

    14.09.2018

    The lack of cadaster, along with the overlaying of land plots and the identification of landowners are the main obstacles to the development of real estate investments. This is why, in July, the Law on Cadaster and Real-Estate Registration no. 7/1996 was amended and supplemented.
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  • ADMINISTRATIVE PROCEEDINGS: IMPORTANT CHANGES

    ADMINISTRATIVE PROCEEDINGS: IMPORTANT CHANGES

    24.08.2018

    In an effort to reduce the courts’ workload and to ensure compliance with natural and legal persons’ right of access to justice, the Romanian Parliament recently passed Law no. 212 of 25 July 2018, amending Law no. 554/2004 on administrative proceedings. This law was published on 30 July 2018 in Official Journal no. 490 and became effective on 3 August 2018.
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  • TRANSNATIONAL POSTING: NEW RULES… A BETTER PROTECTION FOR EMPLOYEES?

    TRANSNATIONAL POSTING: NEW RULES… A BETTER PROTECTION FOR EMPLOYEES?

    24.08.2018

    Directive no. 96/71/EC on the posting of workers in the framework of the provision of services was amended by Directive no. 2018/957 of the European Parliament and of the Council of 28 June 2018, which entered into force on 29 July 2018. The deadline for the transposition of the Directive by the Member States is 30 July 2020.
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  • FROM NOW ON, DIVIDENDS CAN BE DISTRIBUTED ON A QUARTERLY BASIS

    FROM NOW ON, DIVIDENDS CAN BE DISTRIBUTED ON A QUARTERLY BASIS

    13.08.2018

    Dividend distribution has always been a sensitive subject for investors in Romanian companies. Thus, irrespective of whether they are shareholders in limited liability companies or or in joint-stock companies, investors have always been dissatisfied with the fact that they only took advantage of the company once a year, after approval of the annual financial statements.
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  • SERVICE OF JUDICIAL DOCUMENTS: WHAT YOU HAVE TO KNOW

    SERVICE OF JUDICIAL DOCUMENTS: WHAT YOU HAVE TO KNOW

    13.08.2018

    Given the fast development of international trade relations, conflicts between partners can become more frequent, hence the need for uniform rules regarding the communication of legal documents between EU Member States. Such a procedure was introduced by Regulation (EC) no. 1393/2007 on the service in the Member States of judicial and extrajudicial documents in civil or commercial matters. In parallel, each Member State also has its own rules applicable to the service of judicial documents.
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  • PROPERTY CONFISCATED BY THE COMMUNIST REGIME: COMPENSATIONS PAID BY THE STATE

    PROPERTY CONFISCATED BY THE COMMUNIST REGIME: COMPENSATIONS PAID BY THE STATE

    13.08.2018

    Persons whose property has been abusively seized by the communist regime and whose restitution in kind has not been possible so far have the possibility to obtain compensation through an administrative procedure. The amount of such compensations is set by the National Authority for Property Restitution (ANRP) and the National Commission for Property Compensation (CNCI).
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