NEWSFLASH – New Law on quarantine and isolation in force

NEWSFLASH - New Law on quarantine and isolation in force

On July 21., the Law No. 136/ 2020 regarding measures in the public health sector for epidemiological and biological risk cases (the „Law”) entered into force.

The Law sets the legal base for certain temporary restrictions in situations where epidemiological and biological risk exists, especially by means of quarantine and isolation of individuals. Not only does it cover the current crisis caused by the COVID-19 Pandemic, but also generally applies to future epidemics/ pandemics. The legal purpose is to avoid or limit the introduction and spread of contagious diseases in the above mentioned cases.

For more information please find more details here.


NEWSFLASH – Practical changes related to statements on beneficial owners (UBO)

NEWSFLASH - Practical changes related to statements on beneficial owners (UBO)

We have reported regularly on the changes and deadlines that have occurred since July 2019 regarding Romania's new anti-money laundering legislation (Money Laundering Act No. 129/2019). Last week brought on July 9, 2020 two practical facilities and clarifications based on the Law no. 108/2020.

For more information please find more details here.


New law simplifies procedures regarding Romanian companies

On 2nd of July 2020, the Law no. 102/ 2020 amending the Romanian Companies’ Law (Law no. 31/1990) was published in the Romanian Official Gazette. As of July 5th 2020, this law removes some long criticized bureaucratic obstacles regarding the incorporation of Limited Liability Companies and the activity of Romanian companies.


NEWSFLASH – Significant simplifications in Romanian corporate law

 NEWSFLASH - Significant simplifications in Romanian corporate law

On 2nd of July 2020, the Law no. 102/ 2020 amending the Romanian Company Law (Law No. 31/1990) was published in the Romanian Official Gazette. The law removes a number of bureaucratic obstacles associated with the establishment and operation of Limited Liability Companies in Romania.

For more information please find more details here.


NEWSFLASH – COVID-19. State of alert extended – with some restrictions lifted

NEWSFLASH - COVID-19. State of alert extended – with some restrictions lifted

On 16.06.2020 the Romanian government decided upon the extension of the state of alert (starea de alertă) until 16.07.2020, however with some further restrictions being lifted. Please find more details here.


NEWSFLASH – Entry in Romania as of June 15th – FOLLOW UP

NEWSFLASH - Entry in Romania as of June 15th - FOLLOW UP

The state of alert (starea de alerta) ends in Romania on June 16th. The Government expects the state of alert to be extended, but there is no unanimity in the Romanian Parliament, so far.

However, the National Committee for Emergency Situations (CNSSU) has decided that as of June 15th, 2020, the quarantine and self-isolation obligation for asymptomatic incoming travelers from certain countries will be abolished under specific circumstances. "Exempted Countries" are currently Austria, Bulgaria, Czech Republic, Cyprus, Croatia, Switzerland, Germany, Greece, Iceland, Latvia, Liechtenstein, Lithuania, Malta, Norway, Slovakia, Slovenia and Hungary.

Please find more details here.


NEWSFLASH – EMPLOYMENT: Financial Support after the State of Emergency

NEWSFLASH - EMPLOYMENT: Financial Support after the State of Emergency

In the context of the pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs you about current issues on a regular basis.

Our recent articles on COVID-19 (and more) can be found here.

Among others, we had reported that the Romanian state took over the payment of the “technical unemployment” indemnity until 31.05.2020 and, in some cases, beyond. The basic information can be found here.

As in the meantime the state of emergency was transformed into a “state of alert” (please find our report here ), the Romanian economy becomes more and more active.

Therefore, the Government has adopted new rules regarding financial support in the employment sector. The legal base is the emergency Ordinance no. 92/2020 (“the EO”). Please find more details here.


NEWSFLASH – Entry & Exit and Free Movement in Romania during State of Alert

NEWSFLASH - Entry & Exit and Free Movement in Romania during State of Alert.

After two months of State of Emergency, the State of Alert was declared for a period of 30 days starting on May 18 by Government Decision no. 394/2020 (the "GD"). The GD was confirmed by the Parliament on May 20 with some changes.

The following summarizes the conditions and restrictions with regard to the entry and exit as well as the freedom of movement in Romania during the State of Alert and some of the related obligations.

Please find more details hier.


NEWSFLASH – State of Emergency replaced by State of Alert – New Measures

NEWSFLASH - State of Emergency replaced by State of Alert – New Measures

In the light of the newly declared state of alert in Romania, which replaces the former state or emergency, several legal acts have been published; some of them have already changed during the last days. Following the approval of the state of alert by the Romanian Parliament, which brought further amendments, we can finally inform you about the relevant legal framework and the most important measures applicable during the state of alert for businesses. Thus, please find hereinafter a special edition of our newsletter in this respect.

Please find more details hier.


NEWSFLASH – The Organization of Shareholders Meetings Became Easier

NEWSFLASH - The Organization of Shareholders Meetings Became Easier.

Due to the latest developments, please find hereinafter a special edition of our newsletter, informing you about recent legislation which makes the organization of shareholders meetings easier.

The Emergency Ordinance no. 62/2029 (“EO 62”) provides temporary measures in order to facilitate the organization of the meetings of company bodies. Please find more details hier.