On 12 July 2018 Law no. 163/2018 for the amendment and supplement of the Accounting Law no. 82/1991, for the amendment and supplement of the Companies Law no. 31/1990 and also for the amendment and supplement of Law no. 1/2005 for the organization and functioning of a cooperative society (“Law 163”) was published in the Official Gazette of Romania no. 595 and shall enter into force in 3 days from the publication date.

Download the article written by Alexandra Radu and Ioana Barbu and find out the novelty brought by Law 163.