The present study represents a doctrinal assessment of the Law no. 151/2015 on insolvency procedures applicable to individuals, which was adopted by quasi-unanimous vote in the Chamber of Deputies on May 20th, 2015. While concluding the comparative analysis in the context of the Romanian judicial system particularities, we express fears that the law will most likely miss the intended target, unless the legislative body amends its c...

This study is the part dedicated to the legal definition of the trust in the Romanian Civil Code. As we have seen, usually defining a concept shall be made by indicating the genus proximum (the reference piont, the closest in meaning to the notion that is defined) and specific difference differentia specifica (characteristic feature of the concept that distinguishes it from other concepts contained in genus proximum...

Limited liability of the shareholders is a fundamental concept of the companies, considering that currently, quasi-unanimity of them, are registered as Joint Stock Companies (Corporations) or Limited Liability Company. Limited liability means that the only one that is liable for the corporate debts is the legal person, not its shareholders. Limited liability works as a veil against the personal liability of the shareholders. Thus, the maximum...

„It should be borne in mind that it is suffi cient for the Commission to show that the undertaking concerned participated in meetings at which anticompetitive agreements were concluded, without manifestly opposing them, to prove to the requisite standard that the undertaking participated in the cartel. Where participation in such meetings has been established, it is for that undertaking to put forward evidence to establish that its participati...

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.

The paper deals with the issue of the lawyer within the European context, highlighting his rights according to European regulations which establish and ensure the European lawyers freedom of movement and practice the profession in the EU. Statistics prove that these prerogatives recongnised to the European lawyer did not go unnoticed, the large and growing number of lawyers who decided to practice under the professional title of their state of ...

This first part of the series of articles relating to the architect profession concerns the formal aspects related to the organisation of the architect profession in Romania, describing the manner in which the (national) professional bodies operate, as well as the procedure for entering the profession. The aspects related to the performance of the profession – the forms of performance, the actual activity of the architect, its liability and o...