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.
NEWSFLASH - Fines Applied During the State of Emergency are Unconstitutional
NEWSFLASH - Fines Applied During the State of Emergency are Unconstitutional Due to the latest developments, please find hereinafter a special edition of our newsflash, informing you about the recent decision of the Constitutional Court of Romania. This decision turns all fines imposed for non- compliance with the Lockdown measures during the state of emergency illegal and thus contestable. Please find more details hier.
NEWSFLASH - COVID 19: The second package of crisis measures
NEWSFLASH - COVID 19: The second package of crisis measures On 16.04.2020, the Romanian government published the Emergency Ordinance (“EO“) no. 48/ 2020. This EO includes tax related measures of the state for supporting against the economic effects of COVID-19. Please find more details here.
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:
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.