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Kinstellar
3 July 2020 – The Romanian parliament has amended Law no. 31/1990 on companies through the newly enacted Law no. 102/2020 (the "Law")...
Kinstellar
In the context of the restrictions imposed by the authorities in Romania to prevent the spread of COVID-19, the government has enacted Government Emergency Ordinance 62/2020.
Dentons
One of the key amendments provides that starting now any natural or legal person can be a sole shareholder in more than one limited liability company.
Schoenherr Attorneys at Law
Under the Companies Law, directors are prohibited from disclosing confidential information and trade secrets to which they have access in their capacity as a director.
DLA Piper
Recently, Law no. 129/2019 on the prevention and sanctioning of money laundering and terrorism financing, and on the amendment and supplementation of other legislative acts (Law no. 129/2019) entered into force in...
Schoenherr Attorneys at Law
This is especially troublesome when shareholders aim to regain full ownership of the company.
Dentons
Some Considerations on Overcoming Difficulties in Business Relationships
Schoenherr Attorneys at Law
Of the five types of corporation that may be established under Romanian law, joint stock and limited liability companies ...
Schoenherr Attorneys at Law
The Companies Law expressly permits claims against the validity of certain corporate resolutions with respect to shareholder decisions.
Schoenherr Attorneys at Law
This paradigm has changed and companies can now opt to distribute their dividends annually or quarterly.
Wolf Theiss
As of 15 July 2018, Romanian companies are allowed to distribute dividends to shareholders either quarterly or annually. The new system regarding quarterly distribution of dividends ...
Schoenherr Attorneys at Law
The squeeze-out of minority shareholders in closely held companies is one of the most controversial issues in Romania, having led to many debates both in and out of court.
Schoenherr Attorneys at Law
The corporate functioning rules for joint stock companies have been repeatedly altered by Romanian legislation, especially in relation to the governing structures of companies, such as shareholders' assemblies and management bodies.
Dechert LLP
In Romania's largest leveraged buyout and largest retail transaction to date, Dechert lawyers guided private equity buyout investor Mid Europa Partners (MEP) ...
PeliFilip
The Romanian mergers & acquisitions market has been targeted more and more lately by leveraged buy-outs, a type of business better known in the western jurisdictions.
Maravela Asociatii
i.One or more Managing Directors only
Buzescu Ca
The legal vehicles mostly used by the investors in Romania are the limited liability company (LLC), joint stock company (JSC), the branch, and the Representative Office.
Wolf Theiss
According to the Government Decision no. 301/2012 on the approval of the Methodological Norms for the application of Law no. 333/2003 regarding the safeguarding of objectives, assets, valuables ...
Wolf Theiss
Following the adoption of the Law no. 152/2015 (amending and supplementing the national legislation regarding the registration procedure with the Trade Registry),
Schoenherr Attorneys at Law
The filing of a complaint against an ISU decision for the temporary suspension of the activity shall not automatically stay the decision, marking a derogation from the general regime applicable to complaints against minor offences.
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