Observații critice privind Legea nr. 223/2020: societatea cu răspundere limitată ca subiect de experimentare legislativă
Critical remarks on the Law No 223/2020: limited liability company as subject of legislative experimentation

Summary/Abstract: Simplification and debureaucratization, in many cases, indeed, lead to a positive result. However, the complexity and apparent bureaucratization of some institutions and procedures, in many cases, have a well-defined, useful, even necessary role. The elimination of functional and strict requirements may drive the expected rationalization but an undesirable adverse effect: dysfunctions and legal uncertainty. These ideas can be best illustrated by the recent amendment of the Law No 31/1990 on companies, through Law No 23/2020 for the simplification and debureaucratization of the transfer of shares („social parts”) and the payment of the share capital. Unfortunately, in recent years, the limited liability company has become a subject of experimentation for different improvement attempts, without noticing that companies’ legal regime is an organic whole. Most of the time, reforms are well-intentioned but distorted by enduring normative realities. They also distort the existing law: as is currently the case with share capital and shares transfer.

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