NEWSFLASH Important changes in employment law –making use of them requires action

 NEWSFLASH  - Important changes in employment law –making use of them requires action

In July 2021, the Romanian legislator introduced some changes, regarding (inter alia) the electronic signature, the mandatory content of employment contracts, the recording of working time and the abolition of some obligations.

In order to benefit from these improvements, it is partly necessary to create or adapt documents. Please find more details here.


New change in the money laundering regulations tightens obligations for companies

On 30.04.2021 an amendment of Law No. 129/2019 on preventing and combating money laundering and terrorist financing (“the Law“) came into force, tightening again the obligations applicable to companies with regard to the declaration of the beneficial owner.


Telework in Romania now more flexible

Working from outside the headquarters of the employer has become more and more popular in the past years. During the pandemic-related lockdowns, it was even mandatory.

The regulations for such telework had been rather inflexible until the recent adoption of the emergency regulation (“EO”) 36/2021.


Measures for the protection of whistleblowers in Romania will soon be needed

In December 2019 we reported that EU member states would have time until 17.12.2021 to implement the whistleblower directive. According to this directive, all companies with more than 50 employees will have to take specific measures to protect persons who anonymously report illegal activities

 


Superficies agreements: a popular alternative to securing property

The classical approach for securing properties needed for the construction of buildings is to acquire a particular plot of land by concluding a sale purchase agreement. An increasingly popular alternative in practice is to create a superficies right (Rom. drept de superficie) over a third-party plot of land for the development of a certain building project.


Registration for VAT purposes in Romania

Some companies can – or, depending on the situation, even must, get registered for VAT purposes in Romania. The registration procedures for taxpayers headquartered in Romania are summarized hereinafter.


A new obstacle for land transactions: the certificate regarding the soil quality

On 01.01.2021, Law No. 246/2020 concerning the use, maintenance and protection of soil (“Law 246“) came into effect almost unnoticed. It was published in the Romanian Official Journal No. 1057/10.11.2020.


Key aspects of the voluntary liquidation of companies

Depending on the business results of a company, the forecasts of its management or the long-term operating objectives of the Group, the shareholders may choose to cease operating and liquidate the company.


Short-time work practicable again in Romania

On 10.08.2020, short-time work was introduced in Romania at the initiative of the government and as a result of long discussions with the legislative body (with an intense participation on the part of STALFORT Legal. Tax. Audit).


Registration for VAT purposes in Romania

Some companies can – or, depending on the situation, even must, get registered for VAT purposes in Romania. The registration procedures for taxpayers headquartered in Romania are summarized hereinafter.