The Romanian Parliament has passed Law No. 265/2022 on the Trade Registry, and which amends and supplements other legal instruments applicable to Trade Register registration. Entering into force on 26 November 2022, this law will also bring the following main… Read moreRomania changes Romanian Companies Law on dissolution and liquidation procedures
Law No. 265/2022 regarding the Trade Registry and amending and supplementing other legal instruments applicable to the registration with the Trade Registry that will enter into force on 26 November 2022 will also bring the following key changes to Law… Read moreRomania passes changes to Romanian Companies Law
On 26 July 2022, Law No. 265/2022 regarding the Trade Registry and amending and supplementing other legal instruments applicable to the registration with the Trade Registry (“Law no. 265/2022”) was published in the Official Gazette no. 750/2022. Law no. 265/2022… Read moreRomania passes law on Trade Registry and amendments to Company Law
On 4 August 2022, the Romanian Government enacted Ordinance no. 18/2022 on the authorisation and operation of representative offices of foreign entities in Romania, which replaces the previous Decree-Law no. 122/1990. The Ordinance, which entered into force on 7 August,… Read moreRomania amends framework for representative offices of foreign entities
On 17 July 2022, Law 216/2022 came into force amending and supplementing Law No. 85/2014 on insolvency prevention and insolvency proceedings and other normative acts. Law 216/2022 also amended Romanian Companies Law No. 31/1990 (Romanian Companies Law) on the duties… Read moreRomania increases duties for directors when insolvency is likely
On 27 April 2021, Law no. 101/2021 approving and amending Government Emergency Ordinance no. 111/2020 was published in the Romanian Official Gazette, amending Law no. 129/2019 on money laundering and terrorist financing and other specific legislation. Law 101/2020 came into… Read moreRomania changes the conditions for submission of ultimate beneficial owner statement
Romania’s President signed into force Law no. 223/2020 on the simplification of the process for transferring shares to third parties and the subscription of share capital in Romanian limited liability companies (LLCs). The law will enter into force in 3… Read moreRomania passes law removing bureaucracy when operating limited liability companies
On 16 August, Law no. 173 entered into force, prohibiting any sale of participations held by the Romanian state in national companies, banks, or other companies in which the state is a shareholder, irrespective of the ownership percentage, for the… Read moreRomanian government clarifies two-year restrictions on selling participations in Romanian companies
In line with the EU approach of adopting stricter measures of scrutiny for vetting foreign transactions that could potentially raise national security and public order risks, Romania has put forward a draft Foreign Direct Investment (FDI) Ordinance that is scheduled… Read moreRomania amends foreign direct investment control regime
The Romanian parliament approved a law that stops any sale of shares owned by the Romanian state for the next two years. Given the current volatile economic outlook and in an effort to provide safety measures to keep the national… Read moreRomania government prohibited from selling shares in Romanian companies for two years
