On the Official Gazette as of 20.03.2017, it was published the Law no. 16/2017 on the secondment (posting) in the framework of the transnational provision of services (Law 16/2017), which will enter into force within 60 days from the publishing date, respectively on 20.05.2017.
According to the Romanian legislation in force, the employers have no obligation to conclude a collective bargaining agreement, but only to initiate the negotiations, in case of companies with minimum 21 employees.
Issues arising when a company is in financial difficulties How might a creditor take security over assets? According to the Romanian law, a creditor may secure his receivable against a debtor by placing a mortgage, a pledge, or other legal security interests or retention rights/liens on the debtor’s goods/assets. By doing so, he becomes a secured (privileged) creditor.