On 19th December 2019, the European Court of Justice gave a judgement for consumer protection concerning the interpretation of Directive 2008/48/EC of the European Parliament and of the Council of 23rd April 2008 on credit agreements for consumers in the case C‑290/19 (RN vs. Home Credit Slovakia a.s.) The main issue was whether Article 10(2)(g) […]
Since the Romanian Companies Law (Law 31/1990) was passed in 1990 there have been amendments to it to make it more up to date rather than continue it in its original format. The original law was based on the French company law, and in 1990 there were very few advisors to the Romanian Government […]
Since the Romanian Companies Law (Law 31/1990) was passed in 1990 there have been amendments to it to make it more up to date rather than continue it in its original format. The original law was based on the French company law, and in 1990 there were very few advisors to the Romanian Government […]
Attorney at law Constantin BRÂNZAN, a career magistrate until 2018, with more than four decades of judicial experience, has joined POPESCU & ASOCIAȚII team within the Litigation and Arbitration Department. A renowned jurist, with a doctoral degree (2001), and a postgraduate degree in civil law (1987), he has a solid expertise, acquired during a long […]
UP DATE As Romania is moving towards re-opening, Hammond Partnership hopes that you are all well and have not been ill with the virus. As the world moves to re-opening business will continue to pick up and we look forward to meeting you if you come to Romania whether for business or pleasure. […]
What will the M&A market in Romania look like in the next few months? M&A has in part been a driver in the economy in relation to several transactions, but this will clearly change. Several publicised transactions have been put on hold – not withdrawn – but put on hold until later either in 2020 […]
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A question that we normally get from our clients who we assist or represent in court in any civil lawsuits (the notion of civil lawsuit includes commercial lawsuits and any other cases related to relationships in private law matters), is that of what is the duration of the lawsuit? How long will it take? This […]
After the Romanian President declared a state of emergency, a series of special regulations have been adopted in order to help businesses survive in these circumstances. One such special regulation is the Emergency Ordinance no. 30/2020 regarding the compensation paid by the State to the employees of companies whose salaries can no longer be paid […]
On 16th March 2020, the President of Romania signed the Decree no. 195/2020 establishing a State of Emergency in the territory of Romania for a period of 30 days. Considering the purpose of the Decree is the prevention of the spread of COVID-19 and the management of the consequences during the state of emergency the […]
What are cookies are, what is their use and how does use them impact on businesses? A cookie is a small text file that can be stored on your computer when you visit websites. When you visit the website later again, the cookie returns to the concerned website. In this way, amongst other technical […]
On 16th March 2020, the President of Romania signed the Decree no. 195/2020 establishing a State of Emergency in the territory of Romania for a period of 30 days. Considering the purpose of the Decree is the prevention of the spread of COVID-19 and the management of the consequences during the state of emergency the […]