“Teleworking & Work from Home” powered by STALFORT Legal. Tax. Audit. on 19.11.2020

"Teleworking & Work from Home" powered by STALFORT Legal. Tax. Audit. on 19.11.2020

On 19.11.2020, 15:00 Romanian time, Christian Weident will lead an  online information event in German, on “Teleworking & Work from Home as part of the "AHK- Community Talks".

Teleworking has become a well-known term in Romania since the outbreak of the coronavirus . Not only is teleworking regulated in its own law, it has also been the subject of more government action in the fight against the pandemic. The following important questions will be discussed both in general and in the context of the current lockdown measures:

   1. How is teleworking regulated? How does it differ from “working from home”, and what is its significance in the working environment?

   2. How is teleworking implemented? What paperwork and preparations are required?

   3. How is the state aid for teleworking regulated?

   4. What can be expected in the future and what do we expect from the legislators?

A link to the event can be found here.


NEWSFLASH – Share Deals in Romania Simplified

NEWSFLASH - Share Deals in Romania Simplified

On the 5th of November simplifications of the Companies’ Law 31/1990 came into force, which ease, among others, the transfer of shares to third parties (non-shareholders). In contrast to transfers among existing shareholders, the lengthy 2-step procedure for assignments to third parties took about 2 months. Now this procedure has been significantly shortened and adapted to the investors’ requirements, which is an answer to the voices from practicians over the past 10 years.

Please find more details here.


STALFORT Legal. Tax. Audit. at econet- Symposium on “Energy Efficiency and Renewable Energy in Public Buildings”

STALFORT Legal. Tax. Audit. at econet- Symposium on "Energy Efficiency and Renewable Energy in Public Buildings"

An online symposium on "Energy Efficiency and Renewable Energy in Public Buildings", organized by the econet platform of AHK Romania, will take place in Romania on 3rd of November 2020. The event is part of a German/ Romanian cooperation project and it’s aimed at Romanian and German companies interested in the development of bilateral economic relations in the field of energy efficiency of buildings.

The goal of the event is to establish bilateral business relations and partnership between companies from the two countries which are active in the energy industry, as well as to promote German systems and products in this area on site. Laura Neacsu of STALFORT Legal. Tax. Audit. will give a presentation on the legal framework related to energy efficiency in public buildings.

The agenda of the event and further information about the German companies can be found here.


Christian Weident leads breakout room discussion at Romanian Business Leaders conference

Christian Weident leads breakout room discussion at Romanian Business Leaders conference

From the 27th to the 29th of October, the National Conference of the “Romanian Business Leaders” (RBL) will take place. RBL is a community of leading entrepreneurs and managers from Romania who pursue the common good beyond the interests of their companies, industries or sectors.

The topic of this year's event is "Anti-fragility in a world full of crises". In various panels, issues of substantial interest to the economy will be discussed.

During this event, Christian Weident will lead a breakout-room session with entrepreneurs on Oct. 28th on the question: "What legislative measures of labour law against crises do companies want?"

The discussion takes place in Romanian and is reserved for members. A link to the event can be found here.


NEWSFLASH – Financial support for SME from external non-reimbursable funds

NEWSFLASH - Financial support for SME from external non-reimbursable funds

Given the drastic economic effects of the current SARS-Cov-2 pandemic and the crucial role of small and medium enterprises (hereinafter “SME”) for the Romanian economy, the Romanian Government has issued the Emergency Ordinance no. 130/ 2020 (hereinafter “EO 130”), by which it sets the conditions for granting financial support for Romanian SMEs from external non-reimbursable funds. The financial support can be granted until 31.12.2020 at the latest.

Please find more information here

 


NEWSFLASH_The_correct_identification_of_the_ultimate_beneficial_owners

NEWSFLASH_The_correct_identification_of_the_ultimate_beneficial_owners

As already communicated several times, companies, associations and foundations must register the ultimate beneficial owners (in short UBO) either with the Commercial Register or with the Ministry of Justice by November 1st, 2020.

The correct identification of the UBO caused difficulties for some companies because the legal definitions are not easy to implement in a multi-level international group structure.

Our law firm directed several inquiries to the Anti-Money Laundering authorities in order to find out how the definitions were interpreted in certain cases, especially since the practice of the commercial register is inconsistent.

Please find more details here.

 

 


NEWSFLASH – New restrictions caused by Covid-19 in Romania and the Bucharest area

NEWSFLASH - New restrictions caused by Covid-19 in Romania and the Bucharest area

After most restrictions imposed during the lockdown phase have been canceled, the number of Covid-19 infection has considerably increased in Romania and especially in the capital.
This prompted the authorities to impose new restrictions, partially for the entire state and partially for the Bucharest area.
Please find more details here.


NEWSFLASH Procedure for short-time work and financial support for telework in force

NEWSFLASH - Procedure for short-time work and financial support for telework in force

As previously announced, the Emergency Ordinance 132/2020 implemented not only “Kurzarbeit” (short-time work), but also provided a financial support for employers whose employees performed telework.

In a nutshell,

  • Kurzarbeit implies that the employer reduces the working time and the salary of affected employees, with the state covering 75% of the employee’s salary loss;
  • The employer is entitled to a one-time allowance amounting to RON 2,500 for each employee who performed telework according to Law 81/ 2018 for at least 15 working days during the state of emergency, in order to acquire goods and technological services necessary for the telework.

You can access our previous information on Kurzarbeit here and the one on the telework support here.

For both types of state support, the procedures have been published, meaning that the legal framework is now complete and can be applied.

  1. With regard to short time work:

The Order 1393/2020 providing the documents which have to be filed for the reimbursement of the short time work indemnity has been published and will enter into force on 19.09.2020.

Basically, the employer will have to file a request for the previous month and attach an affidavit regarding the fulfilment of all conditions, a list of affected employees and evidence regarding the payment of taxes and social contributions in order to obtain the indemnity from the state.

If accepted, the payment will be made within 10 days as of (both) the application and the payment of the income tax/ social contributions for the respective month.

  1. With regard to the support for telework:

The Order no. 1376/2020 regulates the method of granting such allowance and the goods which may be acquired with it. The allowance is granted through the agencies for employment (AJOFM) on a first-come-first-serve basis, within the funds allocated for this purpose.

  1. The following new goods and technological services may be acquired:
  • Laptops/ notebooks
  • Tablets
  • Smartphones
  • Peripheral input and output equipment related to the goods mentioned above
  • Equipment necessary for the internet connection of the goods mentioned above
  • Licenses regarding the operating systems and software applications related to the goods, necessary for carrying out the telework, in accordance with Law 81/2018,

The technological services are defined as all means related to the information and communication technology which the employer has to provide to the employees performing telework according to law 81/2018.

  1. Application for the allowance

The employer uploads the following documents on the platform www.aici.gov.ro :

  • Application;
  • Affidavit and
  • List of teleworkers for which the allowance is required.

The templates of the mentioned documents are attached to the Order.

If accepted, the payment shall be made within 10 days as of the submission of the full documentation.

  1. Justifying documents

The Order identifies the documents justifying the acquisition of the goods and services, which have to be provided by the employers as scanned copies within 30 days as of the day on which the allowance is granted.

In case of non-compliance with such obligation the employer will fully reimburse the amount received.

We would be pleased to answer any questions you might have.

Sincerely,
STALFORT Legal. Tax. Audit.


Invitation to Webinar | Short time work in Romania on 16.09.2020, at 18:00

Invitation to Webinar | Short time work in Romania
on 16.09.2020, at 18:00 

“Kurzarbeit” (short-time work) is a means of managing economic crises and preventing unemployment, which has been successfully used in many European countries. On the initiative of the business community (especially of the German one), Romania has now also introduced “Kurzarbeit”.

RA Christian Weident of STALFORT Legal. Tax. Audit. was involved from the outset in the process of creating the new Romanian regulations. On 16.09.2020, the German Business Club North Transylvania (DWNT) organizes together with STALFORT Legal. Tax. Audit. a webinar on "Kurzarbeit in Romania", which Mr Weident will lead in German and Romanian. During the event, we will discuss practical aspects of short-time work and explain pitfalls.

The event will take place at 17:00 Romanian time in German and at 18:00 in Romanian.

Registrations can be made here via the DWNT.

 


Webinar | Focus Romania: the economy, investments and the labor market, with STALFORT Legal. Tax. Audit.

Webinar | Focus Romania: the economy, investments and the labor market, with STALFORT Legal. Tax. Audit.

On August 26th, 2020 CT Executive Search, Elite Searchers and STALFORT Legal.Tax.Audit. will be organizing a webinar in German language with the support of AHK Romania, to which we are happy to invite all interested parties.

Topics and speakers

  • “Introduction and overview” - Sebastian Metz, executive board member of the German-Romanian Chamber of Commerce and Industry, Bucharest
  • „Pandemic and employment market “- Sorina Faier, Managing Partner Elite Searchers, Bukarest
  • “Executive Search in Romania” - Christian Tegethoff, Managing Director CT Executive Search
  • “Latest legal developments“ - Raluca Oprișiu, LL.M. Eur. Integration, Partner, STALFORT Legal. Tax. Audit.

The webinar will take place on Wednesday, August 26th, 2020 at

14.00 – 15.30 German / Austrian time, i.e.

15.00 – 16.30 Romanian time.

The event is hosted on Zoom. Please follow the steps below to participate:

  1. Click here
  2. Type the Meeting ID: 844 7823 2087
  3. Enter the password: Romania

After the lectures, there is an opportunity to ask questions and discuss the webinar topics.

Please note that participation requires an advance registration.  -> Please click here to register for free.

We look forward to your participation. We will be happy to answer any questions you may have.