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One of the key amendments provides that starting now any natural or legal person can be a sole shareholder in more than one limited liability company.
Schoenherr Attorneys at Law
Under the Companies Law, directors are prohibited from disclosing confidential information and trade secrets to which they have access in their capacity as a director.
Schoenherr Attorneys at Law
This is especially troublesome when shareholders aim to regain full ownership of the company.
Schoenherr Attorneys at Law
Of the five types of corporation that may be established under Romanian law, joint stock and limited liability companies ...
Schoenherr Attorneys at Law
The Companies Law expressly permits claims against the validity of certain corporate resolutions with respect to shareholder decisions.
Schoenherr Attorneys at Law
This paradigm has changed and companies can now opt to distribute their dividends annually or quarterly.
Wolf Theiss
As of 15 July 2018, Romanian companies are allowed to distribute dividends to shareholders either quarterly or annually. The new system regarding quarterly distribution of dividends ...
Schoenherr Attorneys at Law
The squeeze-out of minority shareholders in closely held companies is one of the most controversial issues in Romania, having led to many debates both in and out of court.
Schoenherr Attorneys at Law
The corporate functioning rules for joint stock companies have been repeatedly altered by Romanian legislation, especially in relation to the governing structures of companies, such as shareholders' assemblies and management bodies.
Buzescu Ca
The legal vehicles mostly used by the investors in Romania are the limited liability company (LLC), joint stock company (JSC), the branch, and the Representative Office.
Schoenherr Attorneys at Law
Since the beginning of 2015, a number of legislative changes were enforced regarding the VAT registration of Romanian companies established in accordance with Company Law no. 31/1990.
Schoenherr Attorneys at Law
At the end of 2014, the Romanian parliament passed a law whose main purpose is to dissolve the Rasdaq market and unlisted securities markets.
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