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.
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.
COVID-19. What should an employer take into account?
Given the current situation, please find hereinafter a summary of the most important aspects related to labour law in the context of the new Coronavirus (COVID-19). What official protection measures are there?
NEWSFLASH _ 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.
The increase of the minimum salary – but with no cure for confusion
As always at the turn of the year, the new Romanian government has decided to increase the legal minimum salary also for 2020. However, there are other legal acts from the previous government (2018 and 2019) that are still in force and that include special provisions for the minimum salary. So now, in 2020, the Romanian law provides several legal minimum salaries.
Is a Managing Director liable for third parties’ mistakes?
The appointment of a managing director, besides responsibility, provides attractive remuneration and a social rise. However, the legal position of the managing director is special and can generate a particular liability potential. Any managing director should enquire about this matter in advance.