Can a manager be an employee?
To establish and run a company, setting up a management team is indispensable. In the case of private limited companies and most other forms of companies, managers (Rom. administratori) are to be appointed.
Data Protection – Joint Controller
In Romania, there is a lack of awareness about liability when jointly processing personal data, both on the side of data controllers and advisers. Frequently, all parties involved in a case of data processing are classified as data controllers, “just to be on the safe side” so they must all observe their rights and obligations.
Partial abolishment of the apostille requirements in the EU
The Regulation on Public Documents came into force on February 16th, 2019. It abolishes the apostille requirements for certain documents across EU.
Sending and receiving documents: easy to overlook, but extremely important
It is very rare to manage legal relationships without correspondence. Be it simple invoices or complex contracts, the vast majority of cases will involve sending documents to third parties. In legal court procedures, this principle applies to all documents, without exception.
Changes to the law on administrative disputes
In 2018, the law on administrative disputes was updated . The changes are comprehensive and, above all, practice-relevant. Below, we will discuss the most important aspects.
Construction law: Requirements for building developments on plots of land
When it comes to making construction investments in Romania, most investors choose to purchase plots of land for construction.
Registration of companies for tax purposes has finally become easier
At the end of January 2019, we were surprised, yet again, by unexpected regulations from the Romanian Tax Authority ANAF – this time, however, in a positive way.
Tax Law: new mediation procedure and further novelties
On 20th January 2019, Law no. 30/ 2019 (“Law 30” ) came into force, bringing practice-relevant changes in the tax law. It brought changes and additions to the Emergency Ordinance No. 25/ 2018 (“EO 25”), which had changed the tax law at the beginning of 2018.
VAT of 5% for hotels, restaurants and catering services
As we remarked in an earlier article, emergency ordinance (“EO“) Nr. 89/2018, as of 1st November 2018, reduced the VAT on some deliveries and services. A reduced VAT rate of 5% will apply to (among others):
The Electronic Archive for security interests in movable property replaced – compulsory enforcement still unclear
Romania’s Electronic Archive for Securities on Movable Property (“AEGRM”), is where – as the name reveals – securities on movable property (eg. liens), but also leasing contracts etc. are registered; this makes them opposable against third parties.