The distribution of working hours during the week is usually uniform – eight hours per day for five days, with two days of rest, and the minimum weekly rest period is 48 consecutive hours, which are typically on Saturdays and Sundays. If work does not follow this pattern, meaning that the employee works on weekends...
According to a recent emergency ordinance draft, competition legislation, specifically Law No. 21/1996, is set to undergo a series of changes as part of the process of transposing a European directive, the provisions of which were required to be incorporated into national legislation by 2021. The draft emergency ordinance provides for the possibility of the...
With great joy, we announce the promotion of our colleagues to top roles within our law firm, Grecu & Associates. These dedicated professionals have had a significant impact on our development, and their advancement is a well-deserved confirmation of their expertise. Mihaela Balau – Managing Associate With extensive experience in the legal field and a...
Analysis of Order AVR 1,760/2023 In an effort to promote efficiency and reduce administrative burden on economic operators, the Romanian Customs Authority (AVR) issued Order AVR 1,760/2023, recently published in the Official Gazette and effective as of August 23, 2023. This order has brought significant and necessary changes regarding customs formalities for companies engaged in...
According to Law 31/1990, from the partnership in collective name, limited partnership, or limited liability company, the following associates can be excluded: The associate who, being in default, does not fulfill the contribution to which they have obligated themselves; The associate with unlimited liability who is in a state of bankruptcy or has become legally...
An exclusive distribution contract can be defined as a contract in which one party, commonly referred to as the seller or supplier, undertakes to transfer ownership of a specific quantity of goods and deliver them at one or more dates subsequent to the contract’s conclusion or continuously. The other party, known as the distributor, commits...
Employees who have children up to the age of 11 in their care are entitled, upon request, to work from home or engage in telecommuting for 4 days per month, in accordance with the provisions of Law No. 81/2018 concerning telecommuting regulations. These provisions do not apply to situations where the nature or type of...
Insolvency is the condition of a debtor’s assets characterized by insufficient available monetary funds for the payment of certain, liquid, and due debts. This condition is presumed when the debtor has not paid their debt to the creditor within 60 days from the due date (the presumption is relative), or when it is proven that...
The liquidation of a commercial company consists of all the operations aimed at concluding the ongoing commercial transactions at the date of the company’s dissolution, converting the company’s assets into cash, settling its debts, and distributing the net assets among the shareholders. According to Law no. 31/1990, for the liquidation and distribution of the company’s...
Honesty represents an omnipresent principle in all specific areas of a business, and this should not be omitted even in the legal realm, more precisely in the field of advertising. “The cheapest product,” “Unbeatable price,” “Unique product,” “The best product on the market,” “Prices lower than competitors/competitor X,” “Number 1 product chosen by consumers” are...
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