Trade Companies. Analysis of the Evolution of Their Establishment, in the Last 5 Years, in Romania
Tomme: 65 (69) Fascicle: 3 | 2019
Pages: 33-42
Abstract text:
The transformations that took place in Romania in the early 1990s led to the development of the construction sector in general and of the private sector in particular. As the old construction companies no longer had the legal framework to operate, given the change of political regime at that time, and unable to carry out their work at random, it became imperative to develop a legislation to regulate this issue. The first normative act in the field, issued in 1990, was Law no. 31 on trade companies. Along with the emergence of market economy and, implicitly, of the two components, demand and supply, some specialists began to organize themselves into working groups in the form of companies, whether they were joint-stock companies (JSC), limited liability companies (LTD) or joint-ventures (JV). In analysing this issue, the paper invoked the normative acts in force regulating the field of the trade companies and the period considered is the one of the last five years.
Key Words:
company; trade; law; evolution; dynamics; registration
Author(s) Information
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