Romania: Changes to Companies Law

Our corporate team published an article in the International Bar Association’s Corporate and M&A Section regarding the latest changes to the Romanian Companies Law No 31/1990 in order to enable individuals and legal entities to be sole shareholders in more than one Romanian limited liability company. This was previously not the case, as express restrictions were in place. These restrictions prevented one from being the sole shareholder in more than one Romanian limited liability company, and also prevented a limited liability company with the sole shareholder from being the sole shareholder in a Romanian limited liability company. The article is available online on IBA’s website here and in PDF here.