The Limited Liability Company from the Perspective of the Latest Legislative Changes in Romania
The Limited Liability Company from the Perspective of the Latest Legislative Changes in Romania

Author(s): Adriana Deac
Subject(s): National Economy, Business Economy / Management, Law on Economics, Socio-Economic Research
Published by: ADJURIS – International Academic Publisher
Keywords: limited liability company; Law 31/1990; share capital; social shares; liability; the National Office of the Trade Register; associates;
Summary/Abstract: The repeated and substantial modification of the Companies Law no. 31/1990 led us to analyze this normative act in more depth, the most important in the field of commercial law, we could say. It is obvious that the evolution of society, of the business environment, of the way of operating a company, imposed the latest changes in the company law. The present study aims to analyze only one of the associative forms regulated by this law, namely, the limited liability company, the most common type of company in Romanian and international practice. The paper will address these changes and will offer pertinent opinions regarding the practical and theoretical usefulness of the changes, will try to present a critical opinion regarding the latest changes made to the legal regime of the limited liability company. In carrying out the scientific approach, we will consider the legal provisions, as well as the new doctrine created up to this point in Romanian law. We will use appropriate methods of interpreting the provisions of Law no. 31/1990, respectively the grammatical, historical method, as well as the logical method, with the corresponding interpretation arguments.

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