An integrated CEE law firm with worldwide activities.

Interesting legal facts about crowdfunding in Romania

Crowdfunding has become one of the main sources of funding for start-ups and, for a prolonged period of time, it has existed without being formally regulated. Consequently, along with the benefit of raising large amounts of money in a relatively short period of time came the growing risk of scams, raising justified concerns regarding the […]

Standard contractual clauses for the transfer of personal data to third countries recently implemented by European Commission

On 4 June 2021, the European Commission implemented Decision (EU) 2021/914 on standard contractual clauses for the transfer of personal data to third countries pursuant to Regulation (EU) 2016/679 of the European Parliament and of the Council (hereinafter referred to as the “Decision”), as well as Decision (EU) 2021/915 on standard contractual clauses between controllers […]

Overlapping of tele-working and posting under Romanian legislation

Following recent amendments to the legislation regulating tele-working in Romania, workers have found themselves in a situation in which the provisions of posting might be relevant in the case of tele-working. For more details regarding this topic, please open this link and read the article prepared by our Romanian team.

Recent instructions issued by Romanian Trade Registry

New instructions have been issued by the Romanian Trade Registry in May 2021 which envisage the wording related to the “unlimited term” of Romanian companies, and the duration of the mandate of directors of Romanian limited liability companies. Further to such instructions, the term used for companies that do not have a limited term will […]

PETERKA & PARTNERS Romania assists Romanian entrepreneur on exit from joint venture

PETERKA & PARTNERS Romania has recently assisted a Romanian entrepreneur holding a minority participation in a Romanian leather goods producer, in connection with the various competition and M&A related issues involved in a transaction concerning the transfer of shares/exit from a joint venture with a well-known Italian brand. The project is important as it concerned, […]

Recent amendments regarding annual statement for UBO announced in Romania

At the end of May 2021, by Government Emergency Ordinance no. 43/2021, the deadline for the submission of the annual Ultimate Beneficial Owner statement for Romanian companies was extended for the year 2021 until October 1st. According to previous rules, the deadline for such submission was 15 days as of the approval of the financial […]

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