The Romanian Trade Register

Question: What is the Romanian Trade Register and how does it work as a legal insitution? Answer: The Romanian Trade Register is a public institution with legal personality, organized under the authority of the Ministry of Justice. Among the National Trade Register Office’s functions include: legal publicity, legal status and financial…
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Recognition of foreign judgments in Romania

Since Romania is a part of the European Union on January 1st, 2007, the foreign judgements in civil and commercial matters are recognized based on the fact that they were made in EU or outside the EU. The foreign judgements recognition are considered to be one of the fifth freedoms…
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