26 April 2021
Corporate and commercial law has been a major focus for companies worldwide, particularly in the wake of the COVID-19 pandemic, which continues to affect contracts. There has also been an increased focus on board composition (particularly with regard to gender balance) and directors’ duties and liability.
In this series, ILO caught up with some of our leading specialists around the world to discuss the three main corporate and commercial issues affecting their jurisdiction in 2020 and what we should look out for in 2021.
In 2020 the government introduced a series of measures in the corporate and commercial space to help alleviate the pressure on businesses resulting from the COVID-19 pandemic. For example, the legal requirements for setting up companies were streamlined to increase the attractiveness of foreign investment. Moreover, Romania's restrictive and bureaucratic regime for the transfer of shares in limited liability companies (LLCs) was overturned, reconfirming the LLC as the company structure of choice for investors when establishing a local presence in Romania.
In the below video, Mădălina Neagu discusses these matters and the potential impact that they may have on companies in Romania.
For further information on this topic please contact Mădălina Neagu at Schoenherr by telephone (+40 21 319 67 90) or email (firstname.lastname@example.org). The Schoenherr website can be accessed at www.schoenherr.eu.
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