The ‘Association in Participation’ and the ‘Simple Partnership’ in the Romanian Civil Code
The ‘Association in Participation’ and the ‘Simple Partnership’ in the Romanian Civil Code

Summary/Abstract: At present, the Romanian monist civil law regulates two types of cooperative structures or companies without legal personality: the ‘societatea simplă’, literally, simple company or, more precisely, simple partnership, and the ‘asociere în participaţie’, literally, association in participation. Both contracts can be used in a traditional non-commercial context but also for business purposes. Therefore, a necessity to delimitate them occurs. This article deals with the difficulties of such a delimitation: sometimes a clear borderline can be drawn, other times the association in participation contract requires that legal practitioners rely on the general rules of simple partnership, which have a complementary and subsidiary character. The objective of the present article is also to analyse the (mandatory and default) character of norms of association in participation, the decision-making procedure of this contractual structure, issues regarding representation, and transfer of partnership rights.

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