The National Congress passed a new law setting forth corporate criminal liability. Corporate criminal liability will apply only to private legal entities, of national or foreign capital, with or without state participation.
The Pre-action Protocol for Debt Claims (“the Debt Protocol”) came into force on 1 October 2017. It applies to any debt claim where a business (including sole traders and public bodies) is seeking to recover payment of a debt from an individual debtor (including a sole trader).
Although one might assume that having grown up in a world of technology, Gen Z consumers prefer exercising their buying power online, Gen Z buyers surprisingly prefer shopping in brick-and-mortar stores.
Natural and legal persons may freely enter into partnerships and set up companies in order to develop business activities under the Romanian Law. According to the Romanian Company Law, there may be incorporated five types of companies.