The Law no. 222/2023 amending and supplementing the Companies Law no. 31/1990 and Trade Registry Law no. 265/2022 (the “Law no. 222/2023”) was published in the Official Gazette No. 667/20 July 2023 and entered into force on 23 July 2023. I. Main amendments brought by…
Law no. 361/2022 is one of the much-awaited legal novelties of the end of 2022. Its objective is to regulate the general framework for the protection of persons who report violations of legislation in certain domains, which occurred or are likely to occur, within public…
As of January 1st 2023, the sanctions for failing to comply with the provisions of the Government Emergency Ordinance no. 41/2022 on the creation of the National System for monitoring the road transport of high fiscal risk goods enter into force. A. Status The Government…
NEW GOVERNMENT ORDINANCE NO. 18/2022 PERTAINING TO THE AUTHORIZATION AND OPERATION IN ROMANIA OF REPRESENTATIVE OFFICES OF FOREIGN COMPANIES AND ECONOMIC ORGANIZATIONS The Government Ordinance no. 18/2022 pertaining to the authorization and operation in Romania of representative offices of foreign companies and economic organizations (the…
On 26 July 2022, Law No. 265/2022 regarding the trade registry and amending and supplementing other legal instruments applicable to the registration with the trade registry (“Law No. 265/2022”), including the Companies Law No. 31/1990 (“Companies Law”), was published in the Official Gazette No. 750/2022. …
Publication in the Official Gazette of Government Emergency Ordinance no. 46/2022 on measures to implement Regulation (EU) 452/2019 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the examination of foreign direct investment in the Union and for…
Decision for the approval of the Norms on the regulation, recognition, approval or acceptance of the procedure for the remote identification of persons via video means Decision no. 564 / 11 November 2021 issued by the Authority for the Digitization of Romania (the “Authority”) approving…
On 30 August 2021, the Government Ordinance no. 3/2021 for the amendment and completion of certain legal enactments in the field of public procurement, published in the Official Gazette of Romania, Part I, no. 821/27 August 2021, entered into force. The amendments brought by…
On 30 April 2021 several amendments1 to the Law no. 129/2019 on the prevention and combating of money laundering and terrorism financing (the “AML Law”) have entered into force. The main amendments to the AML Law include: • the obligation to submit the statement on…
On December 9, 2020, the Law no. 282/2020 for the approval of the Government Emergency Ordinance no. 132/2020 on support measures for employees and employers in the context of the spread of SARS-CoV-2 coronavirus, as well as on encouraging employment (hereinafter referred to as the…
Law no. 175/2020 published with the Official Gazette no. 741 / 14 August 2020 (the “Law”) amending law no. 17/2014 on the sale and purchase of extra muros agricultural lands (the “Law no. 17/2014”) entered into force on the 13th of October. Click here to…
The Law No. 223/2020 for the simplification and de-bureaucratization of the transfer of shares in limited liability companies and of the payment of the share capital, has been published in the Official Gazette of Romania No. 1018/2 November 2020 and enters into force on 4…
On 2 July 2020, Law No. 102/2020 for amending and supplementing the Companies Law No. 31/1990 (“Companies Law”) was published in the Official Gazette No. 583/2020 (“Law No. 102/2020”). The Law No. 102/2020 will enter into force on 5 July 2020. The Law No. 102/2020…
Following the impact of coronavirus (“COVID-19”) across the world which continues to be a source of concern for all businesses, the implementation of emergency measures (Presidential Decree no. 195 dated 16.03.2020, Military Ordinance no. 1 dated 17.03.2020, Military Ordinance no. 2 dated 21.03.2020, Military Ordinance…
In the context of the state of emergency instated on the territory of Romanian by the Presidential Decree no. 165/2020 (hereinafter referred to as the “Decree”),1 on 25 March 2020, the Ministry of Economy, Energy and Business Environment passed Order no. 791/2020 on the issuing…
In the context of the state of emergency declared by the Decree1 of the President of Romania due to the pandemic caused by the SARS-CoV-2 coronavirus and given the necessity of taking urgent measures to support both the employers and the employees, on March 18th,…
The Law No. 163/2018 for amending and supplementing the Accounting Law no. 82/1991 (“Accounting Law”), the Companies Law No. 31/1990 (“Companies Law”) and the Law No. 1/2005 pertaining to the organization and operation of cooperatives, has been published in the Official Gazette of Romania No.…
The Romanian Parliament has recently adopted Law no. 81/2018 regulating teleworking (the “Teleworking Law”). The Teleworking Law was published in the Official Gazette of Romania, Part 1, no. 296/02.04.2018. Definition of Teleworking Teleworking is defined as a form of organising the work that allows an…
The Romanian Ministry of Finance has recently passed Order no. 3337/2017 which extends the category of software developers who benefit from income tax exemption (“Order 3337/2017” or the “New Order”). Order 3337/2017 was published in the Official Gazette of Romania, Part 1, No. 52/18.01.2018. The…