Romania – Long-awaited simplifications for the corporate and business environment

1. Background After a long and drawn out legislative process commenced in 2017, Law no. 102/2020 amending and supplementing the Companies Law no. 31/1990 (“Law 102/2020”) has finally entered into force on July 5, 2020, setting in place major changes… Read moreRomania – Long-awaited simplifications for the corporate and business environment

MPR | Partners proposes amendments to draft bill on corporate law amendments related to COVID-19

I. Context Considering that the Draft Emergency Ordinance on certain measures related to corporate law (the ”Draft Emergency Ordinance”) has been launched for public debate and proposes various measures aiming to help Romanian companies in the Covid-19 outbreak context (for… Read moreMPR | Partners proposes amendments to draft bill on corporate law amendments related to COVID-19

Romania: corporate statements regarding ultimate beneficial owner(s)

1. Background Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, and for the amendment and supplementation of certain legislative acts (“Law 129/2019”) requires Romanian companies subject to registration with the Romanian Trade Registry (with… Read moreRomania: corporate statements regarding ultimate beneficial owner(s)

Solving tax disputes for the avoidance of double taxation

1. Introduction The Government Ordinance no. 19/2019 amending and supplementing the Law no. 207/2015 on the Fiscal Procedure Code (the “Government Ordinance 19/2019”) brings a new mechanism for resolving tax disputes for the avoidance of double taxation. This new mechanism… Read moreSolving tax disputes for the avoidance of double taxation