The legal utilization of the creations in cases for which the law or the parties’ convention stipulates collective administration as the way to exercise the patrimonial copyright implies the conclusion of a non-exclusive authorization with a collective administration body. The non-exclusive licence contract imputes to users the payment of a remuneration that gives him the right to use the protected repertoire.These remunerations are est...

Freedom of creation is always recognized rather as a specific fundamental right, different from the freedom of expression, because “art is not discourse”. Although sometimes presented as a competitor to author rights (the latter establishing a monopoly that allows its holder to censor the distribution of any work connected with his/hers), freedom of creation could, however, complement copyright and even specify its protection perimet...

Members of the board of directors or board of supervisors mandate bears legal limitations and possible statutory limitations in order to ensure a fair administration, in the company’s interest, as it is sees by the law and the shareholders. To prevent the tendency of putting the personal interest above the company’s one, the law sanctions not only general issues, but defines certain particular situations considered presumptive conflictual form t...

Dismantling of RASDAQ Market and launching of AeRO can be considered the most important events on the Romanian capital market lately. The main outcome of Law no. 151/2014 and the implementing regulation was the clarification of this segment of the capital market, and the necessity and success of this law is obvious and imperative in order to start a new stage on the Romanian capital market.

Companies providing services in the field of audiovisual media find themselves in a special situation as far as freedom of establishment is concerned. This situation is based on two reasons: on one hand, as any trade company, companies providing services in the field of audiovisual media enjoy fundamental liberties as comprised in the articles of the Treaty on the Functioning of the European Union, but, on the other hand, due to their specific...

The article examines the possibility of enforcement on the shares of a limited liability company owned by an associate who is also a debtor, given the recent changes to the Law on Companies no. 31/1990 trough Law no. 152/2015 amending and supplementing certain regulations in the field of registration in the trade register. The author concludes that these shares may not be freely enforceable even in the context of the new legislation, bringing ...

The corporate law, having its main study objective the commercial companies, is in fact, the totality of the law norms which have, as main object, the judicial rapports, whose main subjects are the commercial companies.The Romanian Civil Code adopted by Law no.287/2009 from July 17, 2009, consecrated by a monistic conception, brings substantial modifications in the matter, both in terms of embedding the Commercial Code into Civil Code, ...

This article describes the possibility of regulating corporate law using European Union directives. Issues such as legal basis of those acts, appropriateness and the effects of the directives in the Member States system of law are discussed. Various examples from the Romanian law are also presented.

Lately, the Romanian legal authors discuss quite a lot about the legal technique by which the assett partition realized by means of creating a separate legal person is canceled. Recent legislation has been issued containing explicit general norms to this effect. But beyond the single label ”piercing the corporate veil”, American and European case-law established several modalities of this technique, each one adapted to a different objective pu...

This article discusses legal exit rights as a minority shareholder protection in Romania, France and the United States, as countries representatives of weak, average and respectively strong capital markets, with varying levels of shareholder activism and litigation (low, normal and respectively high). Legal exit rights are instances where the law provides that a shareholder has a withdrawal right, generally at a fair price to be paid by the co...