A new draft EGO provides further clarification on related companies
March 25, 2024Renata Ban
On 13 March 2024, a draft GEO appears on the website of the Ministry of Finance, clarifying the notion of “related enterprise”..
READ MORENew obligations for insolvency administrators in relation to employees in companies in difficulty
A new Regulation for employers in insolvency, bankruptcy or liquidation proceedings.
Read articleThe law no. 138 of 13.05.2021 which adds to Law no. 53/2003 – Labor Code, was published in the Official Gazette no. 0501 of May 13, 2021 and provides for a new Regulation for employers who are in insolvency, bankruptcy or liquidation proceedings.
The judicial administrator or, where applicable, the judicial liquidator shall be obliged:
- Issue to employees a document attesting to the work done;
- To cease and operate in Revisal the termination of individual employment contracts.
This law shall enter into force on 16 May 2021 and shall bring into force a necessary Regulation, given that the Labor Code so far only provided for obligations in the event of termination of the employer’s activity.
