New obligations for producers, sellers and importers of food products
After the initiation of the legislative project in 2017, Romanian lawmakers have passed the legislation limiting trans-fat content in food products in 2020. The relevant piece of legislation is to come into force on April 1, 2021 and it shall apply to food products coming from EU member states or other countries. Beginning on April […]
Romanian team continues long- lasting cooperation with top client activating in the transportation, logistics and supply chain industry
The Romanian office of PETERKA & PARTNERS has recently advised the local subsidiaries of a global logistics provider of cutting-edge supply chain solutions, in the provision of supply chain services, in respect to specific day-to-day business, such as covering corporate aspects (like the opening of secondary working points), as well as review of the agreements […]
New conditions for sale and purchase of agricultural land outside built-up areas
The changes imposing new conditions for the sale and purchase of agricultural land outside built-up areas are part of a larger European context to protect agricultural land, similar provisions have been introduced in a significant number of countries across the EU. Nevertheless, these amendments were not received well by many industries, as they will make […]
PETERKA & PARTNERS Romania provided complex legal assistance to an important client
PETERKA & PARTNERS Romania assisted the Romanian subsidiary of a well-known international manufacturer of skylights with regard to the implementation, at the local level, of an effective new business structure agreed for the entire Group aimed at the regionalization of specific activities and related evaluation of the use of resources and funds for this. The […]
Simplified corporate rules in Romania brought by new amendments to Law no. 31/1990
On the 5th of November 2020, Law no. 223/2020 on simplifying and eliminating the bureaucracy related to share transfers and payment of share capital (‘Law 223/2020’) entered into force. Law no. 223/2020 brings certain amendments to Companies’ Law which are meant to ease procedures related to the incorporation of limited liability companies and the transfer […]
Ongoing long-term cooperation with leading producer of fresh food packaging
PETERKA & PARTNERS Romania continues to provide successful legal assistance to PETRUZALEK-COM, the Romanian subsidiary of Sirap Gema, a leading company in the manufacture of thermoformed packaging for the food industry, with regard to the preparation of the relevant labour documents for specific situations identified during the day-to-day activities of the company, including assistance in […]
Important update regarding the extension of the deadline for the submission of the declaration envisaging the Ultimate Beneficial Owner in Romania
The Romanian office would like to announce an important legislative change regulated by the Emergency Ordinance no. 191/2020 regarding the extension of the deadline for the submission of certain documents required from associations and foundations, as well as on legal entities registered in the Trade Register. This Emergency Ordinance entered into force on 30 October […]
Registration of Ultimate Beneficial Owner in Romania – companies are invited to meet deadline of 1 November 2020
PETERKA & PARTNERS Romania would like to brings to your attention updated information regarding the process of registering the Ultimate Beneficial Owner in Romania. The This topic is very important for companies with business in Romania and it is related to Law no. 129/2019 On the Prevention of Money Laundering and Terrorist Financing. If your […]
PETERKA & PARTNERS Romania, proud member of Danish Romanian Business Association
PETERKA & PARTNERS Romania is proud to announce its new membership in the Danish Romanian Business Association. The association, which was initiated by the Royal Danish Embassy, is highly recognized as an important hub providing a basis for Danish companies and their Romanian partners to network effectively, and contribute to the strengthening of the commercial […]
New registration requirement for contracts and enforceable titles per se in Romania
PETERKA & PARTNERS Bucharest has prepared a short brief regarding the newly adopted legislative changes envisaging contracts and enforceable titles. On 11 September 2020, a new condition was regulated for the enforcement of documents under private signature which, according to the law, are validly concluded and qualify as enforceable titles. For more details regarding this […]