Category: Civil Law
The Limited Liability Company in Romania
| September 4, 2011 | Posted by CristianGanj under Business & Corporate, Civil Law, Company Law Tips, Legal Publications & Articles |
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The SRL (ro societate cu răspundere limitată) is a widely used type of company recognized by the laws of Romania. It is similar to the French société à responsabilité limitée (SARL), the private company limited by shares (Ltd.) in the UK / Ireland and the original German Gesellschaft mit beschränkter Haftung (GmbH). The English… Read more…
Claiming Damages – Torts in the Romanian legal system
| August 24, 2011 | Posted by admin under Civil Law, Legal Publications & Articles |
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More than 100 years of civil jurisprudence construed Articles 998 to 1003 in the Civil Code as a body of institutions related to the legal compensation for tortious acts. These acts are of wrongful nature either because they conflict with existing laws or with specific customary principles of conduct. Once these acts result in loss… Read more…
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