If you have overdue invoices unpaid by your contract partners, you have the possibility to recover the unreceived debt by legal actions. The actions we can use for the recovery of outstanding amounts (unreceived debts) are: payment injunction procedure, request with low value and action in claims. We can use any of these legal actions […]
Read moreFORCED EXECUTION
1. What is forced execution? If a debtor does not willingly fulfil the obligation he/she has towards his/her creditor, the creditor has the possibility to start the forced execution against the debtor, by addressing a bailiff for this purpose. For the bailiff to be competent to enforce the writ of execution, it is necessary that […]
Read moreSteps to be followed for the incorporation of a company (LTD) in Romania and its registration with the Trade Registry
In order to register the company in Cluj it is necessary to have the following information: name of the company, shareholders, administrators and object of activity. Any LTD incorporated according to Romanian laws may have: One shareholder: either a company or a natural person More shareholders: either two or more companies (Romanian, foreign or bo...
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