About Foreign Participation Companies – Formation, Legal Personality, Nationality When considering the formation of a foreign participation company, we are referring to the same rules that apply to Romanian nationality companies. However, there are some specific aspects worth mentioning: The articles of incorporation, serving the same well-known purpose for Romanian companies, are, of course, essential...
The assignment of social parts involves the transfer of social parts owned by an associate, either a natural person or a legal entity, to another associate or an external person who thereby becomes an associate in the company. The associate who assigns social parts is referred to as the assignor, while the person who acquires...
Methods of Debt Recovery – 2. Low-Value Claim When extrajudicial efforts to voluntarily execute debts have been ineffective, a creditor can enforce their rights using both fast and efficient procedures, as well as standard procedures. The specific criteria for different debts are taken into account to identify the best and safest solution for their...
The Code of Civil Procedure provides parties involved in a pending court case with the option to waive either the ongoing trial or the right claimed by one of the parties through this process. Below, we will outline the major differences between these two options and how to determine which one to choose if you...
The National Authority for Consumer Protection (ANPC) has successfully conducted verifications in the most controversial and innovative sector, that being marketing promoted through social media influencers, which has rapidly gained a prominent position in the top promotion methods in recent years. The verification action targeted 10 content creators who currently enjoy the highest visibility in...
Limited Liability Companies (LLCs) with more than 15 members are required to appoint auditors. Auditors are part of the governing and oversight bodies of the company. The legal framework for auditors in a limited liability company is regulated by applying the provisions provided for the appointment of auditors in joint-stock companies. In the case of...
The Labor Code provides, in Article 16, the possibility of using electronic signatures for individual employment contracts, their additional acts, as well as for other documents in the field of labor relations (annexes, job descriptions, etc.). In this regard, the contracting parties may choose to use advanced or qualified electronic signatures in addition to handwritten...
The Metaverse represents the online universe created by combining various virtual spaces. The concept of the Metaverse represents the future of the internet. It will enable users to work, meet, socialize, and play in the virtual space. As the virtual world evolves, legal issues are becoming more frequent and increasingly complex and diverse. Many of...
In order to support grieving families, the social assistance system in Romania offers two categories of financial aid: funeral assistance and burial assistance. Funeral assistance aims to provide financial support to the family of the deceased person so that they can cope with unexpected expenses related to the death. This assistance can be obtained from...
Through an announcement, the General Inspectorate for Immigration (IGI) has stated that, starting from September 20, 2023, several documents previously required for individuals applying for appointments to submit applications for obtaining employment permits for foreign workers will be removed from the IGI Portal application. This new measure is taken to support employers interested in hiring...
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