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European Account Preservation Order (E.A.P.O.) – new procedure to facilitate cross-border debt recovery in civil and commercial matters
/0 Comments/in News /by startlawyersStarting this year, debt recovery is faster, cheaper and more efficient with this new procedure for obtaining an European Account Preservation Order (E.A.P.O.).
This procedure is an additional and optional tool that the creditor can use for debt recovery. According to this Regulation – (EU) No 655/2014 – which applies starting the 18th of January 2017, the creditor is entitled to obtain a E.A.P.O. for preventing the subsequent enforcement of the creditor’s claim from being jeopardized through the transfer or withdrawal of funds up to the amount specified in the Order which are held by the debtor or on his behalf in a bank account maintained in a Member State.
This regulation applies to pecuniary claims in civil and commercial matters in cross-border cases and it does not extend, in particular, to revenue, customs or administrative matters or to the liability of the State for acts and omissions in the exercise of State authority.
New tax for the transfer of property
/0 Comments/in News /by startlawyersStarting with February 1st the method of determining the tax due for the income coming from transfer of property rights changes, as follows:
The Romanian Government says that this decision intends to encourage the sales of real estate, which leads to a growing construction industry, oriented to construction of living houses.
2017 special tax for accommodations and food industry companies
/0 Comments/in News /by startlawyersThe new year came with a very important amendment to the tax regime in Romania.
The Law. no. 170/2016 stipulates that the companies that have in their articles of incorporation activities regarding accommodation of the tourists, restaurants, catering, or the selling of any kind of drinks, must pay a different tax than they paid before.
This means that they will not pay anymore a tax related to the revenue or profit, but it will be calculated using a formula with more variables, such as the value of the standard tax, the ranking of the town where the activity is driven, the area where the activity is developed, seasonality, adjustment for technical space of the business.
This kind of amendment eliminates the problem that the fiscal authorities encountered so far in collecting the taxes, related to the non-issuing the fiscal documents that stated the commercial activity these companies developed. Therefore, the firms will pay taxes no matter their declared revenue was that year.
Welcome!
/0 Comments/in Personal /by startlawyersWelcome to our website!
We are glad that you are here, interested in our work. Our first blog post is about us, a detailed version of the “About us” page.
We are a team of young Romanian lawyers that started this boutique law firm because we are competitive and we can do a very good job.
We became lawyers because we want to make a difference. And we are doing it right now!
As members of Bucharest Bar, we worked so far in other legal companies that offered us great experiences and teaching. Because we wanted to cover all the activities a lawyer can do, we kept it small and comprehensive, we developed our skills and improved our university learning by working with smart lawyers in small or mid-sized law firms, who took the time and patience to show us the backstage of the reality of the legal system.
We especially learned that a lawyer cannot know everything a client asks, but a good lawyer doesn’t give up until he finds all the answers. This includes a thoroughgoing study of the legal problem and a lot of work doubled by passion for profession, with a very good result coming from it. And this is reflected in the client’s contentment.
This is the outcome that we seek and are trained to obtain.
We combine our talent in representing the clients in court with good advisory competences, so we can offer full legal services. Because no problem is only about litigation or only about legal advice, a litigator needs to know how to read the legal documents and how to bend them, as much as a legal adviser must predict the disputes that may arise from a legal document he is preparing, so he can avoid it.
Also, we started this law firm because we have a goal: to raise the standards in the legal field. We believe that qualitative law services can be offered for reasonable fees, and that is why we are constantly seeking for methods to do it. This includes the technology that we use to always be in touch with our clients and the legal tools for reducing our work time.
Hope you are now persuaded that we are a good choice for your legal issues. For more information, don’t hesitate to contact us.