Romania recently has finally transposed into its local law the 4th Directive concerning Money Laundering and at the same time requiring the implementation of a national Beneficial Ownership Register. This was done on 21st July 2019, by the passing of law 129/2019 on the prevention of Money Laundering and the sanctioning of money laundering, as well […]
Romania continues to be an attractive place for Foreign companies to invest in, whether they be from the EU or outside. Problems often arise in the development of the investment when the question of management of the business investment has to be considered. Whilst in many cases local management is able to run the company […]
Most investors and business owners in Romania choose to operate their business in Romania by using a limited liability company (“SRL”). The article is prepared on the basis that a decision has already been taken to open a company. Forming a company is important for companies and persons who are not resident in the European […]
Humans have always been innovative, using ingenuity and acquired knowledge to improve their own lives. Huge leaps forward have been made in the last 100 years as inventions ranging from […]
Read moreLegal Shapers, a team of legal and IT professionals from Romania, won first place at the World Final of the Global Legal Hackathon 2019, wowing the international jury with their proposed project: Lawrelai, a legal travel advisor. Legal Shapers’ journey started at the Global Legal Hackathon Romania 2019, organized by the Hristescu & Partners law firm in […]
Acting as we do for foreign investors in Romania one of the first questions, we are asked is what type of entity should we register in Romania. As a Romanian law firm we try and approach this from a more pro-active way. It would be very easy to advise the incorporation of a company in […]
Hristescu & Partners has launched a dedicated Sports and Media Law department to offer specialized legal advisory services to sports businesses and professionals, to media & entertainment industry and a full range of consulting services on intellectual property and image rights’ legal management. The Sports and Media department will be headed by Roxana Giurea, who […]
In all court cases in Romania the parties can ask for their legal fees to be paid by the other party if they win the case. This is done by the parties showing that they have paid the legal fees and expenses. This includes the fees that have been paid to the court if the […]
Our team achieved an important success for our client in front of the High Court of Justice and Cassation, in a complex and difficult case. The case was finally ruled after all procedural cycles due to the involved requested amount. The sum of EUR 300,000 was considered an equitable solution due to the severe traumas […]
Romania is part of the largest worldwide Legal Hackathon GLOBAL LEGAL HACKATHON ROMANIA 22nd-24th February 2019 Everyone that want to hack the legal system and to transform it into a better and technologically updated version have the chance to do so at the Global Legal Hackathon, the largest legal services hackathon in the world, […]
Romanian Market Standards Trends & Standards – Acting on behalf of landlords and tenants in hundreds of leases over more than ten years, we were given the opportunity to watch the Romanian office leases market evolve and its trends crystalize into standards. Below a brief summary of what’s market practice in 2019. Before Moving In A positive […]
Romania now has had a plethora of mergers and acquisitions. The share sale purchase agreements, although governed by Romanian Law, have in many cases been based on documentation and concepts imported from other jurisdictions. To read the full article, please click the following link HERE
