News room

Can preventive restructuring be a solution to avert company insolvency?

In February 2023, we participated at the conference held by Ziarul Financiar with BDO Business Restructuring and Bondoc si Asociatii Law Firm – “The preventive restructuring – a solution for averting company insolvency” where there were widely debated issues regarding the pre-insolvency instruments that are available to companies. We consider

Law no. 227/2015 regarding the Fiscal Code – subscriptions for the use of sports facilities

In addition to the seven extra salary benefits included in the monthly ceiling of 33% of the basic salary corresponding to the job occupied or of the monthly wage granted according to the law, starting with February, the value of the subscriptions for the use of sports facilities is added.

Amendments regarding the leave and the monthly allowance for raising children

According to Emergency Ordinance no. 164/2022, the following changes regarding child care leave and child care leave allowance have occurred: the income earned by a person in both countries is taken into account, subject to the provisions of Article 12 paragraph (2) of the same Regulation the monthly allowance is

Government Decision no. 1.447/2022 on the minimum gross national salary guaranteed in payment

According to Government Decision no. 1.447/2022 published in the Official Gazette, starting with January 1, 2023, the minimum gross national salary guaranteed in payment is established as follows: From 2.250 lei to 3,000 lei per month, for a normal working schedule of 165,333 hours per month on average, representing 18,145

Labor Code – Law no. 53/2003 has been amended as of October 2022

Labor Code - Law no. 53/2003 has been amended as of October 2022, and we selected the most relevant changes for your information, as follows: The employer will inform the person selected for employment or the employee about the following elements: - the place of work or carry out the

Settlement of the expenses for the transport of the employees to and from the workplace

Law 227/2015 regarding the Fiscal Code provides, at the art. 76 para. (4), two situations when the amounts paid to the employees for the settlement of their transport to and from the workplace are not considered taxable revenues from salaries and assimilated to salaries, respectively: The employees reside in the

Changes regarding tax exemption for reinvested profit

Starting from the 1st of January 2023, it will apply the facility regarding tax exemption of reinvested profit to investments in fixed assets used in production and processing activity and in fixed assets representing refurbishment. The profit invested in machinery, fixed assets used in production and processing, and fixed assets

Financial Audit, Statutory Audit and Internal Audit – obligations and benefits

According to Order no. 10/2019 of January 3, 2019, medium and large companies, as well as national companies/corporations, companies with full or majority state capital, and autonomous administrations are required to audit their financial statements. Companies that exceed the limits of at least two of the following criteria as of

The job descriptions and the Internal Regulation of the company become binding again

According to Law No. 275/2022 on the rejection of Government Emergency Ordinance No. 37/2021 amending and completing Law No. 53/2003 - Labor Code, as of October 6, 2022, initially abolishing the obligation to prepare job descriptions and internal regulations for microenterprises with up to 9 employees will repeal. As of

Amendment of the paternal leave law

According to GEO 117/2022, the duration of paternity leave is ten working days, to which five additional days are granted for employees who follow a childcare course. According to the above ordinance, the father may benefit from paternity leave for each newborn child, based on the certificate of graduation of