The reduction of share capital represents a way to adjust the share capital to the constraints of a deficit financial situation or to the narrowing of the company’s object of activity. Companies usually turn to share capital reductions when they face significant financial losses for an extended period. Therefore, a decrease in share capital can...
In the context of the new regulations introduced through the methodology of October 12, 2023, regarding the prevention and combating of harassment based on sex and moral harassment in the workplace, employers are now involved in a compliance process. This methodology, which will be implemented starting from April of this year, requires employers to demonstrate...
The permanent cessation of a company’s activities, particularly in the case of a limited liability company (SRL) where the associates or sole associate approve the resolution for dissolution, involves a two-stage process spread over a considerable period. Specifically, closing a company (SRL) involves dissolution, liquidation, and removal from the Commercial Registry records. According to Article...
In order to promote business competitiveness and strengthen the functionality of the Romanian market as an integral part of the European Union’s internal market, efficient mechanisms have been necessary to combat delays in the execution of payment obligations arising from contracts between professionals and between them and contracting authorities. As a result, Directive 2011/7/EU was...
The notion of a personal file is regulated by Government Decision no. 905/2017 regarding the general register of employee records, which stipulates that employers are obliged to compile a personal file for each employee under an individual employment contract, to keep it in good condition at the employer’s headquarters, or, as the case may be,...
Although it may seem hard to believe, there are sufficient cases in which a creditor who has the right to receive payment in the form of a sum of money or a good refuses to accept them for various reasons. This may occur either by avoiding a dialogue with a debtor when the latter requests...
Designed to provide an efficient avenue for the collective redress of consumer interests, these representation actions are currently the subject of a bill that has been adopted by both chambers of Parliament and awaits the president’s promulgation. In this regard, the objective of the bill is to deter illegal practices and minimize harm to consumers,...
To ensure and promote integrity within the enterprise, the law mandates the establishment of internal reporting channels in certain cases. These channels serve not only as a mechanism for identifying potential breaches of legal provisions but also as a cornerstone in building a transparent and sustainable organizational culture. One significant advantage of internal reporting channels...
In the context of the launch of the Guarantee-Return System (SGR) on November 30, 2023, it is timely to remember that even online merchants selling products with SGR packaging have a set of obligations, albeit significantly reduced compared to other economic operators involved in the process. In this regard, the legal framework for SGR is...
Following the commencement of insolvency proceedings and the transmission of a notification regarding the opening of insolvency proceedings to creditors by the judicial administrator, the creditors have the right to submit a request for the admission of their claims to the debtor’s creditor mass. Thus, all claims held against the debtor can be recovered or,...
Newsletter Subscription
Expertise
