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FH Tax & Law
Office in Brasov, serves Codlea, Romania

Founded in 2024
1 person in their team
Romanian
English
FH Tax & Law is the practice of Florin Hrițuliac, lawyer at the Brașov Bar, tax adviser registered with the Romanian Chamber of Tax Advisers (CCF, no. 8191) and forensic tax expert authorised by the Romanian Ministry of Justice, including for transfer pricing. Tax law is the core of the...
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Romania Corporate Governance Legal Questions answered by Lawyers

Browse our 3 legal questions about Corporate Governance in Romania and read the lawyer answers, or ask your own questions for free.

Can minority shareholders in a Romanian SRL remove an administrator who is misusing company funds?
Corporate Governance
I own 20 percent of the shares in an SRL based in Bucharest, and I have evidence that the sole administrator is using company money for personal expenses. The majority shareholder is a friend of the administrator and refuses to call a General Assembly to vote on his dismissal. Can... Read more →
Lawyer answer by FH Tax & Law

Romanian law gives you several routes, but a 20% holding does not by itself allow you to force a general meeting.   Under art. 195(2) of Company Law no. 31/1990, shareholders holding at least one quarter of the share capital may...

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1 answer •
What approvals and disclosures are required for related-party transactions in a Romanian listed company under Corporate Governance rules?
Corporate Governance
I’m a board member of a Romanian listed company. A related-party loan from a major shareholder has recently arisen. What approvals, disclosures, and conflict-of-interest controls are required under Romanian Corporate Governance rules and relevant company law to authorize and document this transaction, and what liabilities could arise if it’s not... Read more →
Lawyer answer by Florin Vasilescu Cabinet de Avocat

In my opinion, you should request that the analysis of the market character and the company's interest be detailed and available in the minutes, including with reference to the alternative.

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What rights do minority shareholders have under Romanian corporate governance rules when the board approves a related-party transaction?
Corporate & Commercial Corporate Governance
I'm a minority shareholder in a Romanian company. I want to know what protections exist if the board approves a related-party transaction without proper disclosure or a fair process. Are there remedies or reporting duties under Romanian corporate law?
Lawyer answer by Florin Vasilescu Cabinet de Avocat

As a minority shareholder, you are protected by Law No. 31/1990 and, if the company is listed, by Law No. 24/2017 and the ASF rules on related party transactions. If a related party transaction is approved without disclosure, without abstention...

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When a Codlea company needs governance advice and where filings go

For a company based in Codlea, governance advice can cover how owners make decisions, how directors exercise authority, and whether the company follows its articles of association and Romanian law. Romanian company rules apply nationally; many company changes are filed with the Brașov Trade Register Office rather than Codlea City Hall.

The appropriate process depends on the company form. For example, a limited liability company (SRL) and a joint-stock company (SA) have different rules for management and shareholder decisions. A lawyer can review the company’s documents, identify approval and filing requirements, and advise on resolving disputes.

When to seek a company governance lawyer in Codlea

Consider legal advice when a decision could affect ownership, management authority, regulatory compliance, or the validity of company records. Common situations include:

  • Members of a Codlea SRL disagree about a major decision, profit distribution, or a proposed transfer of shares.
  • Owners want to appoint or remove a director, change the articles of association, or update the company’s registered details.
  • A director’s authority is unclear, or owners are concerned about a transaction involving the company and a director or shareholder.
  • A company needs to prepare or challenge shareholder resolutions, meeting notices, minutes, or other decision records.
  • A shareholder or director believes that a decision was made without the required notice, vote, or approval.
  • A company operating in Codlea is planning a restructuring, investment, or ownership change and needs to check approvals and Trade Register filings.

Romanian laws relevant to company governance

Law no. 31/1990 on companies sets core rules for Romanian companies, including company forms, shareholder decisions, directors, and company documents. It has been amended repeatedly, so the applicable wording should be checked against the current consolidated text.

Law no. 287/2009 on the Civil Code provides general rules relevant to legal persons, obligations, and contracts. The Code entered into force on 1 October 2011.

Law no. 265/2022 on the Trade Register and for amending and supplementing other normative acts affecting registration in the Trade Register governs trade-register procedures. It entered into force on 26 November 2022. The correct filing requirements depend on the change being registered and the company’s circumstances.

Frequently asked questions

What does company governance work cover?

It concerns how a company is directed and controlled, including decision-making by shareholders and directors. Legal work may involve reviewing the articles, preparing resolutions, advising on director duties, or handling a governance dispute.

Do I need a lawyer to change a director or amend company documents?

A lawyer is not automatically required for every company decision or Trade Register filing. Legal advice can help confirm which approvals and documents are needed, especially where owners disagree or the change affects several company records.

Where does a Codlea company file changes to its registered details?

Company registration matters are handled through the National Trade Register Office and its county offices, including the Brașov office. Codlea City Hall does not register changes to company directors or articles of association.

Who can ask a lawyer for governance advice?

Companies, shareholders, directors, and prospective investors can seek advice about their legal position and company documents. The lawyer will need to understand the person’s role and the company’s articles before advising on rights or remedies.

How much does a company governance lawyer cost?

There is no single fixed legal fee for this work. Fees depend on the task, urgency, documents involved, and whether a dispute or court case is expected; ask for a written estimate that separates legal fees from filing or court costs.

How long does a Trade Register change take?

Timing depends on the type of application, the documents submitted, and whether the registry requires corrections. A lawyer can estimate the likely steps after reviewing the proposed change, but should not promise a completion date before the application is assessed.

Can foreign shareholders own or manage a Codlea company?

Foreign individuals and entities may participate in Romanian companies, subject to applicable company, identification, and compliance requirements. The documents needed can vary depending on the shareholder’s country and the transaction.

Can a shareholder challenge a company decision?

A challenge may be possible if the decision breached applicable law or the company’s articles, but the available route and time limits depend on the facts. Prompt advice is important because statutory deadlines may apply.

What can I do if the owners of an SRL cannot agree?

Start by checking the articles and the rules governing the disputed decision, including any voting requirements. Depending on the circumstances, the parties may negotiate, use a formal dispute process, or seek a court remedy.

Does a Codlea company listed on a stock exchange follow additional rules?

Yes. Issuers and other entities within the relevant regulatory scope may have additional duties under Romanian capital-markets legislation and Financial Supervisory Authority rules. The applicable obligations depend on the company’s status and activities.

Can I hire a lawyer outside Codlea?

Yes. A Romanian lawyer may advise a Codlea company even if their office is elsewhere. For court proceedings or in-person meetings, consider the relevant court location, availability, and travel arrangements when comparing candidates.

Official resources

  • Oficiul Registrului Comerțului de pe lângă Tribunalul Brașov, the Brașov office of the National Trade Register Office, handles company registration applications and changes for the county.
  • Tribunalul Brașov is a county court; it hears company-related cases where jurisdiction rules assign the matter to that court. Other cases may fall within a different court’s jurisdiction.
  • Autoritatea de Supraveghere Financiară (Financial Supervisory Authority) publishes rules and supervises relevant financial-market participants and issuers. It is relevant only where the company’s status or activity brings it within that framework.

Steps to find and hire a company governance lawyer

  1. Define the issue. Write down the decision, dispute, or filing you need help with and any relevant deadline. This can take a day or two.
  2. Gather the records. Collect the articles of association, Trade Register information, shareholder decisions, meeting notices, and relevant correspondence before contacting lawyers.
  3. Shortlist suitable lawyers. Look for Romanian lawyers who handle company law, shareholder disputes, or director responsibilities, and ask whether they take matters involving companies in Brașov County.
  4. Arrange an initial consultation. Ask how the lawyer would assess the issue, what documents are needed, and whether the matter is likely to involve a filing, negotiation, or court proceedings. Consultations may be available within a few days, depending on availability.
  5. Compare scope and fees. Request a written proposal identifying the work covered, the fee basis, likely extra costs, and how updates will be provided.
  6. Confirm instructions and deadlines. Agree the engagement terms in writing, provide the requested documents, and ask the lawyer to identify any urgent statutory or filing deadlines.

Lawzana helps you find the best lawyers and law firms in Codlea through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Corporate Governance, experience, and client feedback.

Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters.

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Disclaimer:

The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.

We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.