NEWSFLASH - Extension of deadline for submission of statements regarding the beneficial owner
NEWSFLASH - Extension of deadline for submission of statements regarding the beneficial owner Due to the latest developments, please find hereinafter a special edition of our newsletter, informing you about recent legal changes with impact on the statements regarding the beneficial owner (UBO). As already announced, companies, foundations and associations have to disclose their UBO due to Romania's new anti-money laundering legislation (Money Laundering Act No. 129/2019). The notification form for this purpose was published in October 2019. The Romanian Commercial Register recently published a practice-related circular which raises questions regarding the deadline for the first filing in 2020. Please find more details here.
NEWSFLASH COVID-19: Indemnity for „technical unemployment” to be borne by the State budget - UPDATE
NEWSFLASH - COVID-19: Indemnity for „technical unemployment” to be borne by the State budget - UPDATE In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Please find more details here.
NEWSFLASH - State of Emergency Certificates
NEWSFLASH - State of Emergency Certificates In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Our recent articles on COVID-19 (and more) can be found here.
Crisis measures in the tax field
On the 16th of March, the Romanian Tax Administration ANAF announced a series of measures for supporting tax payers in the difficult economic context caused by the COVID-19 virus. The legal act on the implementation of these measures was eagerly awaited; on 21st of March 2020 it was published as the Emergency Ordinance (“EO”) No. 29/2020. The EO introduces economic, tax and budget-related measures; the previously announced measures were partly changed.
NEWSFLASH - COVID-19: Indemnity for „technical unemployment” to be borne by the State budget
In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Our recent articles on COVID-19 (and more) can be found here:
NEWSFLASH - COVID-19: Indemnity for „technical unemployment” to be borne by the State budget
NEWSFLASH - COVID-19: Indemnity for „technical unemployment” to be borne by the State budget In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Our recent articles on COVID-19 (and more) can be found here: COVID 19. What should employers take into account? LINK Newsflash: Special paid leave for child care during temporary school closure. LINK COVID 19. Force Majeure and hardship in times of pandemics. LINK The State takes over the „technical unemployment“ indemnity – with limitations Please find more details here.
Force Majeure and hardship in times of pandemics
The social and economic effects of the COVID-19 pandemics are extending globally and have heavily affected the performance of both national and international contracts. Numerous companies have completely or partly suspended their activities, so that the possibility of fulfilling the contractual obligations is now rather uncertain. Please find hereinafter a summary of the rights of the parties in case of Force Majeure events, respectively in case of hardship according to the Romanian law.
Cities of Tomorrow #8 - New Waves of Urban Migration - again with speaker from STALFORT Legal. Tax. Audit.
Cities of Tomorrow #8 - New Waves of Urban Migration - again with speaker from STALFORT Legal. Tax. Audit. On September 1st 2020, the eight edition of the conference „Cities of Tomorrow“ will take place. “Cities of Tomorrow” is the national reference event related to the development of cities and regions. Its scope is to connect the business environment with the local administration, architects, town planners, and representatives of the civil society. It aims at contributing to Romania’s competitiveness and establishing a basis for a sustainable development of cities and regions based on intelligent ideas. This year, the motto is „Grow or shrink - do it smart!“, as the effects of migration will be analysed. Which tools can a city use for making a success of this phenomenon? Top international guests will debate on these topics. Besides, there will be an interesting project competition. Cristiana Stalfort, managing partner and expert for real estate and construction law with STALFORT Legal. Tax. Audit., will host a round table discussion on the latest amendments to the construction legislation in Romania. We look forward to this very interesting event. Please find an overview over the event here. For registrations, please access the following link.
NEWSFLASH Special paid leave for child care during temporary school closure
Dear Ladies and Gentlemen, In the context of the present pandemic caused by the COVID-19 virus, there are several aspects which should be borne in mind by employers in Romania. Please find the latest article on this topic by STALFORT Legal. Tax. Audit. here . Due to the recent closing of schools, the Romanian Parliament has adopted a law (draft law no. 337/ 2019) which ensures paid leave to parents whose children are temporarily forced to stop attending their classes. This measure is attributed to “bad weather conditions or other extreme circumstances”, as decreed by the competent authorities and will thus apply also in other situations than those created by the Coronavirus.
Special leave for parents in case of school closures
Special leave for parents in case of school closures Following the current school closures, a new law provides a right to paid leave for parents whose children cannot attend school. Please find more details here.